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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: clochard who wrote (58556)4/18/2006 1:46:06 PM
From: John Vosilla  Read Replies (2) | Respond to of 110194
 
The cycle always repeats. People speculate or place their bets in the wrong thing at the wrong time and never can get a chair when the music stops:

early 70's folks conservative had too much cash in the bank
early 80's folks were in too dep in precious metals and oil
late 80's commercial RE
late 90's tech stocks
today residential RE

Seems in our modern era always some new ridiculous mantra takes hold of the public if you wait 5-7 years after the last implosion..