Dan Schmeidler

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    • Thu Mar 20th 19:27 PM | Rating: 0 0
      Commented on:
      Dispelling the Financial Myths Behind the Credit Crunch
      Interesting list. Never seen those events listed in that order. Glad I came back to check on the article. Makes our current "Great Housing Recession of 2007-200?" crisis sound like a walk in the park considering the other adversities that this country has experienced. If you are a believer, I think the time to invest is now and in the next year or two. The returns might not be great yet, but if you look at the big picture, a little bit down the road, the next boom will be just unbelievable. And as far the housing prices are concerned, by the time home prices have bottomed, the economy will have already taken off like a rocket. So, personally, I would not wait until home prices are bottoming to invest, unless of course, you are investing in real estate which right now is out of the question.
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    • Thu Mar 20th 00:37 AM | Rating: 0 0
      Commented on:
      Dispelling the Financial Myths Behind the Credit Crunch
      Great, great column. Anybody that has been in the market this past month will attest to having at least one or two existential revelations about trading this market. I can agree with associating current market behaviors with something intangible such as "the masses being misinformed". Usually those revelations come at your worst trading moments when the red just keeps going redder. If you haven't experienced those moments, yet, you must know more about this market than I do. Anyhow, I have the myth of the day (3/19/08) for you: "... sell gold, in fact, don't ever get near it again, the Fed has finally managed to stabilize the economy, inflation expectations, and prospects for its own currency ...". Good luck everybody.
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