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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (37594)8/11/2005 12:41:34 PM
From: shadesRead Replies (1) | Respond to of 306849
 
This is a great point, Dean Baker was TOO EARLY it seems, Mr. Richard Benson sold out of his boston apartments and bought I bonds with his wife 5 years ago - he is a great macro guy but he TIMED it wrong and he cost himself a lot of wealth with that bad timing. Timing is EVERYTHING if you want the really big gains no matter what Bogle says - its just that so few people are really GOOD at it. We all suspect homebuilders and fannie mae to implode - but when?

I remember some trader, maybe livermore saying something along the lines of wait til everyone else walks away in disgust that the market won't fall and only then will the powers that be let it fall and bring rationality back to it - when everyone here has been sucked dry in a short squeeze - then I will get those KBH shorts. General Chen and MOO probably got the macro trend of GOOG correct, but thier timing was off - greater powers than them and thier rational thinking were controlling that one.