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basserdan

05/25/05 12:36 PM

#395210 RE: hightecheast #395197

Zeev ... you can blame Dan for getting me thinking about this [g}
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Man, I get blamed for everythin'....

In that case, my friend, please remember this ... in housing there can't be any final short squeeze to propel prices one last time!

That is a market where the public is long, and everybody is in and in some instances... up to their eyeballs.... <ng>

So whenever the wind blows and the bough breaks, try real hard not to be standing underneath it!


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Joe Stocks

05/25/05 12:37 PM

#395211 RE: hightecheast #395197

>>"We don’t perceive there is a national (housing) bubble, but it’s hard not to see a lot of local bubbles."<<

A lot of local bubbles in some of the nation's largest housing markets. In this case a lot of local bubbles can easily lead to a national crisis if these many local bubbles start to pop.

Greenspan is an idiot!


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Zeev Hed

05/25/05 2:18 PM

#395279 RE: hightecheast #395197

Is there a need to blame? In SRDX here at $38.11.