I believe Fisher is just a momentum trader, nothing more than that.
I’m a bear of housing market. But I bought REIT ETF a few months ago and I earned +20% in such a short time. I’m still regreting that I didn’t buy home builder stocks in Q4/06 (I hesitated a lot) and I’m still looking for a good entry point to buy.
I know the REIT and home builder stocks may get trashed one day, but I also know that before that I’ll make some real money. If you don’t understand what I’m saying, you need to read about “contrarian thinking”, you need to look at the Short Interests of these stocks, and the trend of them. All these shorts are being squeezed which will only bring the stocks even higher in the near future. Those shorters may very well be proven to be correct in the final end, but for the moment they are lossing their shirt.
Market is smarter than you think. I’m still waiting the housing market to crash to buy a house.
