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Originally Posted by WEG Cory
RE as long-term and short-term investments has been around forever.
I just don't see the comparison.
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You seem to know both markets.
I'm sure you know the term "shaken out" right?
I'm sure you've seen analysts issue buy ratings on stocks only to turn around and start dumping 90% of what they have them, or issue sell ratings only to turn around and buy up every last share you sell to them in the panic filled wake of their sell recomendation.
Average american investors were the ones who were hurt (scammed) the most during that period.
As far as 'my people' saying the industry would never recover... I guess first you would have to tell me who exactly my people were. I never
once thought that the market wouldn't recover - once the richest of the rich were able to buy in at the bottom of bottoms.
Just like I don't think that it will be doomsday forever for RE... just long enough to shake 95% of the people out so it can exchange hands and wind up in the hands of the richest 5% of the world.