09-22-2006, 07:37 AM
I love it when the complex future can be spelled out in bite size morsels. Jared I you have a convincing proverb one that a lot of people are buying into. I'm not but I wish you well. I love it when I hear forecast about the future. One of the all time greats was nuclear industry as a clean, cheap, safe or reliable energy source. Or the Soviets as were going to take over the world. We all bought into it at one time or another. Some times they are just about selling people a way to react now.
Making market per dictions in a down turn is easy just like 20/20 visions. Forecasting when is going to turn now that is of course a little more difficult. My brother has been predicting the a housing market collapse for about 16 years right after he lost $70,000 on the market collapse in 1990 San Francisco. That same house today or rather 6 months ago was selling at $975,000 where in 1990 it was at $235,000. Maybe today it's at $850,000
I'm buying into the BI because in 5 years this is where I will be living. If the down turn last about three years I'm forecasting it right.
Keith
"In the land of the blind the guy with one eye is a consultant"
Keith
Making market per dictions in a down turn is easy just like 20/20 visions. Forecasting when is going to turn now that is of course a little more difficult. My brother has been predicting the a housing market collapse for about 16 years right after he lost $70,000 on the market collapse in 1990 San Francisco. That same house today or rather 6 months ago was selling at $975,000 where in 1990 it was at $235,000. Maybe today it's at $850,000
I'm buying into the BI because in 5 years this is where I will be living. If the down turn last about three years I'm forecasting it right.
Keith
"In the land of the blind the guy with one eye is a consultant"
Keith
Keith