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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (56279)	3/14/2008 10:13:49 PM
From: Jorj X Mckie	Read Replies (4) \| Respond to of 57110

One of the things that I have found by not spending as much time on SI, is that I am much more optimistic about the world in general. Back during the tech bubble burst, I was convinced that there was going to be real blood in the streets. And don't get me wrong, I lost a buttload of money. I felt the pain. But what happened after the tech bubble burst? We had a real estate bubble. Now RE is taking a hit and raw materials are veritable champagne bottle of bubbles. Do you all remember where gold was in 1998/99? We bought our home in 1998. It has doubled in price since. Do you think I car if it pulls back 10%? 20%?.....hell, if the value of my home pulls back 30% it has still appreciated by about 55%. Will some people take a hit on their RE investments? yup. What about all the people diving into the raw materials/commodities and buying $1000/oz gold? Will the people that get leveraged to buy at the top end up getting hurt? yup. And then I see things like this: To: JakeStraw who wrote (75375) 3/13/2008 1:16:42 PM From: KeepItSimple Read Replies (1) of 75408 The US dollar is going to zero. This is really the end. Message 24398550 And guess what? I don't think the dollar is going to zero. In fact, statements like that make me think that the dollar may just be getting close to the bottom. My opinion....the world is not coming to an end. As long as I am willing to work for my paycheck, I won't end up in the streets living in a refrigerator box and as long as I don't leverage myself into the mania du jour, I ain't gonna go broke with my investments. So...what other sectors are really beaten up now? Not the things that just got hosed, but the sectors that have been languishing for years. That's what I want to invest in now. It ain't ever as bad as the doomsayers think and it ain't ever as good as the mania freaks think.