HAHAHAHAHAHA, (ghasp) HAHAHAHAHAHAHAHA. Beany baby market! Perfect. Thank you for that. I needed to laugh today. What better symbol is there for an entire market built on the idea that everyone else is doing it, so I should too!
Also, I agreed with alot of what jonny said, but not all. But what I really have to disagree with was the real estate as a hedge against inflation second comment. Not that he isnt correct, but that we should look to tradition. This is the most untraditional downturn since 1929. Real estate and its bubble popping are the real problem. So much capital was blown on non-productive investment that it is killing us. You can recycle a machine or use a store as a resturant, you can switch from Cotton to corn to soybeans, but you cant go from housing to Ag or industrial. The idea that the best way to invest is to follow tradition in an untraditional market is retarded.
Dont expect your rapidly depreciating house to be a good hedge against inflation. If anything, you should wait, as both your dollars and that house will be cheaper in the future.
