A good read, and as you said, prophetic. The chart below explains it:
Posted on 06/07/2013 6:07:34 AM PDT by blam
An analyst who is always bearish is not much use to anyone.
It is pretty damned stupid to insist that anyone who correlates total supply with total possible demand and notes that there is a huge overstock is some how being “always bearish”.
Now, someone who was not an idiot might find out if the persons in question had been “bearish” before the overstock. They might also wait to see if they remain “bearish” after inevitably much of the overtock eventually sits unoccupied long enough to fall into disrepair thus correcting the overstock.
Some economic laws can not be overcome with cheerleading and sloganeering. They are hard realities which one ignores at their own peril.
Agree with this.
My daughter sold her “vinyl village” ranch in a nice suburb here in Indiana to a California investment outfit.
The listing was “live” for about 36 hours.
They paid 98% of the asking price and closed immediately.
a lot of “Stupids” and “Idiots” coming out of the mouth of a person does not usually impress me when I am assessing the value of their insights.
I was bearish too - before the crash - and you can look that up as well. Then when prices fell by 50-60% and the Fed flooded the market with liquidity, I became bullish.
That’s how you make money.
A good read, and as you said, prophetic. The chart below explains it:
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