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So there is a New York Times article saying now might be a buying opportunity, and you readily find posts here in the same vein. This STRONGLY indicates the bo
by kingkongrevenge 18y ago
So there is a New York Times article saying now might be a buying opportunity, and you readily find posts here in the same vein. This STRONGLY indicates the bottom is a LONG way away. At true secular bottoms nobody mainstream is even asking if the bottom is in; they're too scared off the asset class.
Think of the mirror image: the top. In 2000 and 2007 did you repeatedly hear the press and random normal people debate if the top is in and things were set to plunge? No, you didn't. That's just not how mass market psychology works.
- dmix 18y agoI see where your coming from, but this NYTimes article is far from the "mass" opinion of the press or the average stockholder. The simple fact is that people who have enough wealth/capital to take risks during a recession, generally do very well when the economy recovers.
- kingkongrevenge 18y ago> is far from the "mass" opinion of the press or the average stockholder I think it is very much the mass opinion. People are expecting some sort of rebound next year or the year after. Surveys show most home owners continue to think their houses will appreciate substantially over the next three years. The contrarian buy-time is WAY off.