When the biggest real estate bubble this country has ever seen began to burst roughly half a decade ago, it took equity investors about 16 months to recognize that the jig was up (so much for the crowd's much vaunted "ability" to predict the future).
Given that a similar amount of time has passed since house prices hit their post-crash highs and began a renewed descent, I wonder if all those "savvy" individuals who've driven the iShares Dow Jones Real Estate Index ETF (a widely followed sector benchmark) to its highest level since the fall of 2008 are about to experience another round of greater fool remorse?
The "smart money"...lol!!!
No comments:
Post a Comment
Note: only a member of this blog may post a comment.