did you have inside Intel from the central banking gestapo?
That was it. Definitely was it. Definitely. (In my best Rain Main
Nah, everything just appeared to me to be too "blowing and going." People were buying houses, not for shelter, but to hold onto and sell in a short time. There was even a TV series called "Flip This House" or something like that which made it appear to be easy money to buy a house, put a coat of paint on it and sell it for big profits.
Banks were making 105% loan-to-value mortgage loans along with interest only loans...just speculating that home values would continue to go up as the means of repayment for the loan. That was pure craziness.
I knew something had to give. I just didn't know when.
And if you wouldn't have cashed out would those stocks have rebounded if you simply rode them through the recession?
Yes. They were back to my cash out price within 2 years after 2009. As it was, I was able to sell, lock in some gains and then buy them back at about half price in March, 2009.