Replies to post #142469 on ajtj99's Market Pulse

[Belgie24]

Maybe, but it sure isn't anyone I know. 90-95% of the people I come into contact with talk about how much wealth they have lost in the last year.

The thing I've noticed is there's been no place to hide in this rout - I thought junior miners would do well because gold and silver held up, but they were crushed by the financing fiasco. Stocks, bonds, oil, miners, large companies, small companies. If you had everything in CDs, maybe you've still got your money, but nobody I know did that.

[easycome92]

True,but wouldn't the glut of unsold new construction in Florida,etc. represent atleast a loss to the developer and possibly to the lending institution unless there is a VERY significant increase in the value of unsold new construction.Yes, the person who sold the land to the developer made a tidy profit on the sale of the land and the contractors presumably were paid but I would think a shortfall would remain.Am I missing something?