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Many people knew there was a housing bubble, but few predicted it would have such wide-reaching effects. Did you?
by neilk 17y ago
Many people knew there was a housing bubble, but few predicted it would have such wide-reaching effects. Did you?
- mynameishere 17y agoI had all my money in the foreign markets, and got out in late 2007 when it spiked down, http://finance.yahoo.com/q/bc?s=VEIEX&t=5y http://finance.yahoo.com/q/bc?s=VEIEX&t=5y ...I wouldn't have made any connection to US housing and foreign equities, but I was looking at both, and I knew both were bubbly. I've since lost money on a few stupid trades, so it's not like I'm an expert or anything. But the fundamentals are usually clear to all. Right now, the macros on S&P PEs, long-term treasuries, and high-yield, http://finance.yahoo.com/q/bc?s=JNK&t=2y http://finance.yahoo.com/q/bc?s=JNK&t=2y ...are clear, and they all scream "avoid". And that's the extent of my trading strategy right now.