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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (38467)	10/5/2005 2:21:23 AM
From: Broken_Clock	Read Replies (2) \| Respond to of 116555

"I think the latter is the most likely scenario, perhaps in a sloping stairstep fashion." This is the exact scenario that happened in hawaii post G-war I. Beginning the week Saddam invaded Kuwait the phones just quit ringing in all real estate shops. Inventory swelled and those savvy enough to cut 5% below the current 'market' got out. But then the masses followed to that level. Another brave seller would cut 5% from the new 'market' price and he would happily unload. Rinse, wash, repeat till the market lost up to 70% in value before the bottom hit in 1996.