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"But, let's just continue to believe that housing and the economy will continue to get worse and worse. Heck, maybe, they'll be giving them away free in cereal boxes. It's a "lock," as somebody posted, right?
Aug 06 21:21 pm
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All Comments by markg »More Headwinds for Housing: This Time It's Prime Mortgages [View article]
Relentless pessimism, persisting well past bottoms, is one of the biggest investment-opportunity killers."
Many people told me I was fruitloops in 2005 when I would make comments predicting a serious reckoning in the housing market. The bears are doing the same thing now. This is why it's good to be somewhat contrarian. This is also called making decisions based on information, not popular sentiment. Many opportunities ahead for those that think and don't blindly follow the herd.