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FreeNetPass Dave · 03-07-2003, 01:23 PM

I call it the sheep factor...

Stocks go way up in value in the late 90's, with many of them being way over priced such as amazon.com. People see their friends make 24% in 3 months and think "HOLY SHIT! TIME TO BUY SOME STOCK!".

Everyone and their sister buys whatever their friends just made 24% on in three months. Those that made their profits see another little boost and dump. Then others start to dump. Then 2 planes hit the trade centers. Then the stock market goes to shit.

Once it hits rock bottom, those that bought in late decide to sell and buy some real estate.

Maybe they should consider BUYING MORE STOCK NOW? I see everyone and their brother now saying "real estate" is the way to go. Watch out folks, because we have a lot of morons that know nothing about property valuation and management putting all their cash into real estate. NOT ONLY putting all their cash in, but overpaying for property assuming that 15% appreciation will continue forever. Not going to happen. If it did, it would be because of drastic inflation. But if inflation holds fairly steady, we won't see 100K homes selling for 500K in 10 years.

03-07-2003, 01:23 PM
FreeNetPass Dave Confirmed User Join Date: Jun 2001 Posts: 270	I call it the sheep factor... Stocks go way up in value in the late 90's, with many of them being way over priced such as amazon.com. People see their friends make 24% in 3 months and think "HOLY SHIT! TIME TO BUY SOME STOCK!". Everyone and their sister buys whatever their friends just made 24% on in three months. Those that made their profits see another little boost and dump. Then others start to dump. Then 2 planes hit the trade centers. Then the stock market goes to shit. Once it hits rock bottom, those that bought in late decide to sell and buy some real estate. Maybe they should consider BUYING MORE STOCK NOW? I see everyone and their brother now saying "real estate" is the way to go. Watch out folks, because we have a lot of morons that know nothing about property valuation and management putting all their cash into real estate. NOT ONLY putting all their cash in, but overpaying for property assuming that 15% appreciation will continue forever. Not going to happen. If it did, it would be because of drastic inflation. But if inflation holds fairly steady, we won't see 100K homes selling for 500K in 10 years. __________________ ICQ: 102858186 FreeNetPass AVS : $15/FREE membership even if the surfer cancels! $17 recurring Premiums! Adult Insider : Webmaster resources, daily news, FREE stuff for posting. PornStarBucks : Jenna Jameson, Briana Banks, Jill Kelly, and now Tera Patrick!