Sunday, February 8, 2009

Message Of The Times



There's been so much going on in the market today. A few years ago, housing was going nuts. You couldn't drive past an open field twice without it being slated for development the second time you drove by it. Then, all of a sudden, that bubble just popped. Now, you can feel how slow that market is now. Then, the energy bubble started to form. Oil was trading at levels that had never before been seen and couldn't be explained. Then, just like the housing bubble, we woke up one day and the energy bubble was gone. Where is the next bubble going to form? Actually, I think it's sad that we are looking for another bubble. Why can't we just stick with the market fundamentals instead of pushing the envelope all the time? Pushing the envelope may seem to be a good solution until the market fixes itself and we're back to the fundamentals again.

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