ajtj99's Market Pulse

[montanamark]

really? every penny? how do you account for fraud? how do you account for madoff? how do you account for assets marked up 10, 20 or 30 times their possible real value? how do you account for California homes selling for millions when a price of a couple hundred thousand is questionable? how do you account for people making 30-40k per year borrowing 600k for a condo worth 200k? how do you account for CMOs repackaged and resold numerous times with constant markups, commissions
and selling costs? much of the world's "wealth" is dust