...funny how short memories are? I remember in 96' when prices were rising at an absurd rate (much like now...). The usual comment was 'must buy now because it will be 10% higher next month'.... We are witnessing the final stages of the next mega-bubble. The last time this happened prices crashed 67% (yes...that is not a misprint), (an example: friend bought at $6.2.....ended up at $2.5...!!). . HK is setting itself up for a crash of epic proportions.....but of course people will only believe what they wish to believe...either way. My guess is the next collapse will exceed the previous percentage. The US economy is heading for a tragic fall, as no economy can truly recover when the real unemployment rate is close to 17% percent. Housing in the US continues to fall (another 1.2% last month). The only indicator of where this is going is the price of gold. It continues to set new highs almost daily. That is telling you where this will end....and it won't be good. Good luck to all....we'll need it.
