i don’t know about the rationality about things. But considering in the last two month I’ve my returns have been equal to my base salary, I don’t care how irrationale things are. (Though today was a day to take some profit. Hope I’m not wrong and the thing keeps going up). I never thought financial markets behaved rationally to begin with.
Home prices falling 20-30%??..Pffff… At this point…I don’t care. I’m not going to dwell on any ands, if’s, buts. if it happens, great…I’m not going to dwell on this at this point when there’s money to be made elsewhere. I’m sure though that when the stock prices have become so inflated and so irrationale, we’ll see predictions on a big crash there coming out too.
It’s sort of interesting if you look at your retail reports.
Compare your low end retailers like walmart with higher end retailers like saks. It sort of tells you the state of the economy.
Walmart -3.5%
Target -6%
JC Penney Co. -4.7 %
Nordstrom Inc. +3.1%
Saks +11.7%
Costco (neither high end or low end…Although trying to appeal to upper end these days)…7%
Conclusion….The rich keep getting richer, the poor keep getting poorer.
