This is an interesting thread… I will say this that right out front I have worked with Chris before and I know him personally. In his profession Chris can make money regardless of the market direction as this is what he has done professionally. So it wouldn’t surprise me if he makes as much money either way the market goes…. I don’t think Chris is excusing poor behavior by buyers and is a bit more sympathetic to those who have been victims of fraud. Matt I could see though when I reread the post that your response is valid… What I am trying to say is it seems to me that there is an element of joy/look how much I made when the market tanks but this is not ever present on market moves in the other direction except for a few posts here and there.
I do acknowledge that many/most people here want what I want…. to be able to buy a home at an affordable price…
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I tried an experiment this afternoon and brought 3 coworkers over to read several of the threads that discussed the market and financial state. Now these are all engineers, one of whom is renting and is quite bearish, one who has his house paid off and has about a 600k stock portfolio, and another who rents and has blown alot of his money on cigarettes, gambling, and of course is single and has to send alot of his money back to his family in Vietnam. While totally different personalities, all 3 of them did say that there is a definite harsh tone on the threads regarding the financial markets. They generally agreed that there was an element of excitement and giddiness when there were poor stock market days and anger when there are good market days. That people were quick to announce big gains on down days, and nobody announced big gains on up days or those who did make big gains on positive bias were most likely to shy to post for fear of being criticized….
I would ask that more people here try the same experiment to see if they get the same results I did…
