Posted on 10/08/2009 1:15:34 PM PDT by arthurus
Remember the 1990s tech bubble? When it burst, the experts were telling you - you should have been into Blue Chips. After you shifted your money - BANG - the market collapsed with ENRON, WORLDCOM and the others then Sarbanes-Oxley was enacted and the experts declared that you should have diversified and had some money into the "fourth asset class" - real estate.
Many cashed out whatever was left in mutual funds and bought "investment condos" thinking they were going to "flip and buy" which was a strategy that lasted for a bit then they got caught up in the real estate crash. They got wiped out and some cannot fathom how all that upward spiraling equity evaporated into ghost equity
(Excerpt) Read more at seekingalpha.com ...
Don’t forget the vodka...
The money made in the stock market often comes from sweetheart deals. Ask Terry McAullife how he turned $100,000 into $17,000,000. Ask Hillary Clinton how she turned $1,000 into $100,000.
“Please keeping buying my tulips”.
The ponzi scheme (whether it is stock speculation or “flipping properties” driving up inflated prices) cannot be sustained.
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