- May 22, 2005
- 122,889
Wow, predicting .22 @ $10 a brick. I might have to "stock up" if that happens.
When you hear stuff like that, you know something is wrong!I remember people telling me in 2005 "Home prices are only going to go up, if someone wants to buy, they had better buy now or else. Prices may level off but they won't drop."
I remember people telling me in late 1999 "The rules for investing in the new economy have changed forever, old measurements like p/e ratios don't matter in stock pricing now. Go ahead, buy Qualcomm for $300 a share, it'll go over a thousand in a couple of months."
Bubbles burst. They always do.