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

To: Think4Yourself who wrote (120037)	5/1/2008 7:35:18 PM
From: Perspective	Read Replies (1) \| Respond to of 306849

GD, I hope you're right. I'd truly relish a top in here somewhere. Not so sure I buy the IRA argument, though. The cash flow numbers for mutual funds have shown most of the 300 million Americans have no interest in stocks any more. They know the economy sux. Meanwhile, the Wall Street criminals have their little circle jerk going on, fighting each other over the scrips of paper on borrowed money and driving the prices up. Given that they operate on huge leverage, it's a financial perpetual motion machine. Every $1 rise in the market lets 'em borrow another $10, which they use to jam the prices another $10. Positive feedback. It worked well until the inconvenient mortgage reality impaired their balance sheets, but with the Fed having absorbed their bad debts, they're free to party on. `BC