[Unknown Freeper]

Laz bump

[Lazamataz]

Market WrapUp is delivered...

[dennisw]

Market WrapUp (Things vs. Paper)

_______________________

Yeah just wait untill that *thing* known as housing gets it's bubble pricked. Katey bar the door!!!

[RightWhale]

Does gold count as things? Gold took a little hit today; the gold index took a big hit.

[razorback-bert]

'Excessive valuations': Franklin Templeton equity guru says two more years of pain
 
Mark Mobius, the Franklin Templeton fund manager and emerging markets specialist, predicts the bear market is here to stay for another two years because valuations remain "out of whack" and investors have yet to reach the point of "disgusted selling."
 
"It's a bear market that's not going away anytime soon," said Mr. Mobius, the Singapore-based manager of the company's Emerging Markets fund and one of the industry's heavy hitters. He was in Toronto yesterday for the annual meeting of the Templeton Growth Fund, one of the benchmark products of the Franklin Templeton Investments family of products.
 
"People are not willing to face the fact that valuations are excessive from a historical point of view, which they are," Mr. Mobius said during an interview with the Financial Post. "You have to reach the point of disgusted selling, and we haven't reached that yet. When you reach that, then you will see the bottom form. But I don't think we are there yet. There's still too much hope out there."

[Semi Civil Servant]

This is an excellent article, but I have one quibble.

The only bubble left is the housing market and even that is on a shaky foundation of debt.

A bursting housing bubble will not necessarily wipe you out like a bursting equity bubble can. When your Enron or WorldCom or Global Crossing stock is gone, it's gone. The nice thing about housing is that it has inherent value. You can still live in it even when the housing market craters. There's nothing to do with stock in a company that no longer exists. Your house will normally be worth at least SOMETHING when the dust settles, unlike stock in a dead company.

Of course, if you lose your ability to pay the mortgage (assuming you have one), you're sunk. This applies to real estate investors as well as to home owners. There's a down side to every investment.

I'd like to hear the "analysts" who helped pump up the equities bubble admit holding stocks can be ruinous in a bear market. But we are still hearing about nearing the bottom and holding on for the upturn. Did these people call the "top" in 2000? No. And they can't call the bottom.

[monkeyshine]

Shucks, I wanted to put "Lazanomics" as a keyword but somehow that feature is unavailable on your thread. :-)

[monkeyshine]

Let's pass a law cancelling all debt in the USA. Everyone starts over with every material possession they have now, with no debt.

[raygun]

You're an impostor! Rohry usually sends me these things. Who are you and what happened to the real Rohry?