Quote:
Originally Posted by japhi
We are at the peak of a once in a lifetime asset bubble. Don't like these prices, give it some time. Air is coming out of all asset classes I follow and with QE being wound down, no stimulus in sight, and money about to get a lot more expensive, there will be a day relatively soon when all the things we can't afford today will become slightly more affordable.
Thing is, will you or I, in that environment, be willing to part with cash to buy this stuff. If you stock portfolio is down 20 points, your HELOC up 2% and your RE down 15%, you may have a hard time pulling the trigger on a 10K card that used to be 18K. I'm not sure what's coming will be good for the retail investor / blue collar collector.
|
Is this Matt or Tyler Durden from ZeroHedge? (Sorry, Finance joke). Agree with you that every bubble bursts. A big question we probably all struggle with is, "Do I sell now, reap the rewards, suffer for a couple years, and buy it back cheaper? Or do I continue to do what I enjoy and say the heck with it!?"
I think about this every day....