never thought I’d hear myself saying this but I agree with your sentiments…PS’ arrogance is becoming quite a problem. As someone who has done his own research, began discussing the strong likelihood of a bubble with people back in early 2003, and has watched this bubble go on longer than ever thought imaginable, I feel compelled to warn powayseller that she knows just enough to be dangerous, to herself and, more importantly, others.
Hearing her call Bill Miller a “goon” today made me question the value of her insight. Bill Miller (of Legg Mason Value Trust) has a remarkable track record of outperforming the S&P 500 index for close to FIFTEEN CONSECUTIVE YEARS I believe. Nothing to sneeze at. On the other hand, powayseller has a track record of selling her house in Ramona for good profit and then warning everyone to “sell now!”….time will tell if she was correct, of course, but the certainty in her messages ought to give everyone pause for thought….just who the heck is she?? I’m sure she’s nice and all, but should anyone really take her advice?? Maybe…maybe not.
I mean, I know I’m an ass…many of my posts are inflammatory, but I have no idea how far prices will fall…I think it is possible they may go down more than 50% in some areas…but I have to have an ounce of doubt in my mind that I might be “missing something” here and that powayseller might be too..that is all.
Best of luck to you powayseller…I mean it. Just be careful out there.
