IN 2000, at a party at my physics professor brothers home full of professors, everyone was talking about how much money they had made in tech stocks, one lady had invested 50k in JDSU and it was now worth a million (and is now worth about 1500, so not the best long term investment). Nobody wanted to hear my prediction there was a big correction coming.
IN 2006, went to another party and all the physics professors were feeling so rich, having bought second and even third homes on the money they pulled out of their own house by refinancing. Again, they all thought I was nuts thinking houses would drop in price.
Wish I could go to a party at his house now!
