I started this blog as a community service. I've told my circle of friends and family all I know about bubbles, about panics, about manias, and about how we're in the mother of all speculative leveraged bubbles. This blog was a way of spreading the message beyond the folks I know personally.
People can take this information and do what they feel is right. For some, it's cashing in. For others, it's not buying at the peak. And for others, it's ignore the advice. We call all only do so much - people have to make their own decisions in life (and live with 'em)
So... I'm asking the 2,000 or so daily HousingPanic readers, all of whom should be pretty aware now of what's going on, to refer this blog to a friend or family member this weekend. Talk to folks, post the address on sites or chat boards you visit, whatever it takes.
Let people know what you've learned from this source and others. Let them know your course of action. And then tell them to take a spin on these pages.
I so wish in 2000 that there was a "NASDAQPanic" site that I had found before the market tanked and the bubble burst. I so wish I had a friend back then versed in economics, bubbles, manias and crashes. I didn't - and we all got soaked.
Spread the word. Help those you can help.
And sleep well knowing you made your best decision, and you helped others make theirs. Ignorance is bliss they say, but in this case, ignorance is bust.
January 12, 2006
Posted by blogger at 1/12/2006