One other good tidbit on the comparasion between the tech bubble and the RE bubble:
“Isn’t this reminiscent of the general optimism which reigned in the post-bubble decline of the Nasdaq in 2000-2001?
As a trader/shareholder in a number of tech and Internet stocks, I recall with painful clarity how analysts of all stripes–and not just the known hacks and hypsters–predicted that the “bottom was in” around August 2000–two full years before the decline from 4,000 hit actual bottom at 1,100 in October 2002.”
