October 24, 2006

We've seen it all before









10 comments:

Anonymous said...

No pics of Jim Cramer the great NASDAQ Whore of Babylon?

Anonymous said...

At least PT Barnum acknowledged he was a purveyor of circuses and freak shows...

Cheers, Haggis

Anonymous said...

You forgot the Beanie Babies...

Anonymous said...

Lereah looks like smug j*ck*ass!

Anonymous said...

P.T. Barnum had a late night infomercial? Damn, I musta missed it!

Anonymous said...

10 photos ... a thousand words!

Anonymous said...

actually 10 photos and 1 word...

greed.

Anonymous said...

Exactly, devestment

Leverage is dangerous for stocks, but magical for real estate. Buying option contracts on stocks has to be approved by a licensed options principal and must be based on the client's investment experience, income, and liquid net worth. Buying houses as investments are allowed for people like Casey Serin with no investment experience, no job, and negative liquid net worth. Something is seriously wrong with that picture.

Anonymous said...

Anyone who uses heavy margin (4:1) for stocks is a professional trader, not a Kiyosaki moonie like a majority of the RE players out there.

Anonymous said...

Exactly, devestment

Leverage is dangerous for stocks, but magical for real estate. Buying option contracts on stocks has to be approved by a licensed options principal and must be based on the client's investment experience, income, and liquid net worth. Buying houses as investments are allowed for people like Casey Serin with no investment experience, no job, and negative liquid net worth. Something is seriously wrong with that picture.

---------------------

Perhaps this is because the Great Depression was precipitated by the stock market crash. Then some regulations were put in place to make sure that it never happened again. Some of these protective regulations have since been rolled back by pro-business politicians and the fat cat corporate special interests they represent, but that's another story.

Maybe if the housing collapse gets us into a depression, there will be more stingent regulations for buying and "investing" in housing. No infinite leverage would be a good one to start with.