Four Reasons We're Headed Even Higher [View article]
One thing about this author Jason Schwartz. Last summer, with oil at something like $140, he wrote an article entited "Oil is Going to $30". Dude got so many nasty comments, it was ugly. Sure enough, six months later, oil had bottomed out right around...you guessed it....$30. So, when this man writes something, it pays to listen. Now, I personally think this is a speculative rally built on sand, but if this guy thinks otherwise, its enough to make me take a long hard look at his arguments. Lots of people write out of their ass on this site, but this guy has a track record!
Thanks Carl - very interesting info on the 3- 10 Rule. I would think that in terms of making new highs, 2017 even seems a bit optimistic, I'd have guessed more along the lines of 2020 at the earliest, although I am no real estate expert. One other thing I wonder - with many ofthe baby boomers turning moving into old age during the 2010-2020 framework, wouldn't many of them be selling and trading down, thereby creating further headwinds for real estate price appreciation to struggle against?
Four Reasons We're Headed Even Higher [View article]
Market Prices: The Great Chasm [View article]
Calling an Intermediate Bottom [View article]