Posted on 09/20/2006 10:26:44 AM PDT by GodGunsGuts
Can Wall Street withstand weak housing?
Some experts say real estate slump may spell trouble for equities
ANALYSIS
By Peter Coy BusinessWeek Online
Updated: 1:28 p.m. PT Sept 19, 2006
If your nest egg is made of 2-by-4s and you're watching the real estate slowdown with a mixture of fear and nausea, then this article is for you.
The question: If real estate tanks, will stocks follow? Or will the market ignore housing? Or maybe — just maybe — will a decline in housing trigger a rise in stocks? It's something you really ought to think about if you're trying to figure out where to put your money.
(Excerpt) Read more at msnbc.msn.com ...
So does Peter. How'd that work out for his client?
He nailed them on it
And still lost $500,000 for his client.
Not one of those people can be taken seriously by me again
You have Peter, you don't need anyone else.
Never thought he was.
That's a relief. It seems like many doomers on FR think he is.
We know that all men are flawed, but some have specific wisdom in specific areas that can be useful. Schiff proved that in 2006.
I wonder how his longer term clients have done?
The other guys proved just how wrong - yet with arrogant confidence - experts can be.
Kinda like Peter.
I overestimated the reasoning ability and character of the American people.
Me too, but living in Chicago, I'm already surrounded by Dem idiots.
It is going to be an interesting two years.
That's a good word.
>>Maybe you’ve haven’t read much about the great depression. I have. Either way, let me know when the rate of unemployment hits 25%, the soup lines form and the streets are filled with former executives selling pencils and apples for a nickle.
Until that time, please climb back into your bunker, confirm you have two year’s supply of food and spare me the comparisons that aren’t analogous in any way.<<
Have fun with this:
Like a time-capsule. See where we are now...
Bttt
>>Like a time-capsule. See where we are now...<<
And now...
The chart only goes to 2006. Bet that line is back close to 100 by the end of the year.
You assume bankers are smart.
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