I go between paranoid and optimistic about the markets.. but I think I’ve settled a little bit. Afterall, I did post a few weeks ago that I was going to pull my weekly paycheck in cash and buy a % of gold.. so far so good, but I haven’t been as extreme as I proposed.
One reason… Looking at all the houses on the coast, and all the new development in Oceanside(North County) I feel that some areas just really aren’t succeptible do a downturn at least in a catasprophic way… maybe it’s not 1 for 1, as in for each bad area there’s one good area.. but even if there’s one good or steady area per 10 bad it might not be so bad.. I guess that for few every people that are living paycheck to paycheck there’s a person that has quite a bit of cash and won’t be seriously affected, as in not standing in soup lines or thinking about jumping out of their window…. you know all those old money people, and frugal construction workers that have made a killing off the boom.. they probably have enough money to survive for 10 years… oh wait, their money is probably in banks!! Do they have any gold? OH NO, I’m already paranoid again!! 🙂
