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The Water Cooler
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Where's the smart money?
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<blockquote data-quote="ewheeley" data-source="post: 1308059" data-attributes="member: 10387"><p>I had an econ professor last semester that always told us to buy when the market was driven down by fear, and to sell when it was driven up by greed. I see that applying to gold and real estate.</p><p></p><p>In Northwest Arkansas, lots of developers on the Walmart-vendor side of town have declared bankruptcy. Selling $50 million developments for $3 million just to get something out of them. So you know what I'd be buying. Especially around here, the market simply has to come back, and when it does, millionaires will be made.</p><p></p><p>But my choice right now, meager sized, is foreign currency trading. There's money to be made in either direction.</p></blockquote><p></p>
[QUOTE="ewheeley, post: 1308059, member: 10387"] I had an econ professor last semester that always told us to buy when the market was driven down by fear, and to sell when it was driven up by greed. I see that applying to gold and real estate. In Northwest Arkansas, lots of developers on the Walmart-vendor side of town have declared bankruptcy. Selling $50 million developments for $3 million just to get something out of them. So you know what I'd be buying. Especially around here, the market simply has to come back, and when it does, millionaires will be made. But my choice right now, meager sized, is foreign currency trading. There's money to be made in either direction. [/QUOTE]
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