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To: BCW

There also isn’t a lot of talk about the whole thing being a house of cards. I know some of that is because not everyone believes that. But a lot is simply human nature as we’ve seen before. “As long as I’m making money all is good and I’ll get out before it blows.” Good luck.


3 posted on 06/05/2013 4:28:12 AM PDT by John W (Viva Cristo Rey!)
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To: John W
There also isn’t a lot of talk about the whole thing being a house of cards. I know some of that is because not everyone believes that. But a lot is simply human nature as we’ve seen before. “As long as I’m making money all is good and I’ll get out before it blows.” Good luck.

Finance is an industry and it relies on new money coming in. You are just as likely to hear someone from a large investment house tell you to sell as you are to hear a home builder tell you to rent for a few years.

People do not evacuate theaters based on a general feeling that there may be a fire. They jump and run when they smell smoke. That is why market downturns often take the form of crashes.

4 posted on 06/05/2013 4:48:52 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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