Quote:
Originally Posted by chet everett
ANOTHER lesson for thatguywho, and anybody else, is "past performance is no indicator of future gains" -- a fancy way of saying "just cause you were correct once before, don't get cocky and think you'll be right again"...
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I just want to say I am selling nothing. My RE and MOrt business are on hold. My only concern is to help people.
As to getting cocky about being right again...what if I was right a whole bunch after that?...lol
I am hoping by proving my ability that people will listen and not buy now.
On April 4th, 2008 i said some things too..
How to survive the Great Depression of 2008 - 2009
1- oil was at 120. People said it would go to 200. I said 34 by years end or close to it. January contract just closed at 33.80 with febuary starting at 42.
2- I wrote a side article explaining how dangerous renting can be if you do not follow some steps. People are now being thrown out of foreclosures they were renting en masse. I tried to warn them, my steps would have prevented it.
3- I said not to walk away from foreclosures. They did, now neighborhoods are empty, homes gutted, and many not winterized (thus getting destroyed).
4- "A whole bunch of fake baloney will happen on capitol hill regarding the lending industry but nothing will happen, other than your taxpayer money making sure the lenders did not lose a penny." I am gonna put this down as a correct prediction, but I would love to see an arguement that is was not right.
5- Oh yea, oil is gonna go to two hundred you say. Hey, it is your money, go ahead and gamble it like a moron. It will start dropping back down on its way to 34 bucks a barrel by year's end (it will eventually get to 34, not at years end, but heading towards it on its way down.)
6- Wall street and major news outlets will continue to talk about ‘downturns’ and other things to make you feel rosey. That is mostly to suck the money out of those people who can still be gullible enough to fall for it. Remember who they work for. It ain't you.
7- After the Dems take the whitehouse the supports trying to hold up the economy will finally buckle. It's not personal, its politics. Perfect planning to ensure a Republican ticket win in 2012.
Look for 2009 to be a bad year financially. Gotta love top level political strategy.
so far I have not been wrong yet, so please...if you are thinking of investing or buying right now think again. The chances of you losing money and acquiring huge debt far exceed the chance of gains.
Alternatively, all you lose by waiting, at most, is a little less equity or gains you could have gotten.
You risk losing it all when right now you are safe...DO NOT BUY A HOME NOW!
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Still makes sense to do some simple analysis...
