It was the overly optimistic hype from the MSM that helped inflate the bubble.
Do the shills at IBD remember all the shows like "Flip This House"? Or all of the magazine articles hyping all of the new ways to purchase homes with no money down?
Do they forget all the advertising that the MSM drowned us in for years begging and pleading with us to get HELOC's so we could purchase the jet skis and Disneyworld vacations we so justly deserved?
The MSM was there for you on the runup IBD. Don't be fair weather friends and dump them on the way down.
Maybe all of the brain trust at IBD could gather their monies together, purchase one or two of these papers, and make a successful go at it.
Maybe they could do an even better job next time and keep the bubble inflating even longer before everyone realizes what happened.
I happen to think that IBD is one of the best papers out there. Of course they aren't a "regular" paper.
They are very dedicated to their niche........
Shhh....you’re making too much sense. I’d say overall the media is still far too optimistic—especially when it comes to stock values.