Comments on: Will We Know When The Market Turns? http://www.biggerpockets.com/renewsblog/2008/05/19/will-we-know-when-the-market-turns/ Learn, Network, Invest Sat, 11 Feb 2012 16:57:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Housing Crisis: Is The Time Right To Invest In Real Estate?http://www.biggerpockets.com/renewsblog/2008/05/19/will-we-know-when-the-market-turns/#comment-57408 Housing Crisis: Is The Time Right To Invest In Real Estate? Sat, 14 Jun 2008 11:10:25 +0000 http://www.biggerpockets.com/renewsblog/2008/05/19/will-we-know-when-the-market-turns/#comment-57408 [...] Will We Know When The Market Turns? If you think that the market is going stay where it is you will have no trouble finding the data to support that prediction. What usually happens in any market, stock, bond, commodities, etc., is that the markets turn without very many … [...] [...] Will We Know When The Market Turns? If you think that the market is going stay where it is you will have no trouble finding the data to support that prediction. What usually happens in any market, stock, bond, commodities, etc., is that the markets turn without very many … [...]

]]> By: Clifton Papehttp://www.biggerpockets.com/renewsblog/2008/05/19/will-we-know-when-the-market-turns/#comment-56990 Clifton Pape Fri, 23 May 2008 15:34:37 +0000 http://www.biggerpockets.com/renewsblog/2008/05/19/will-we-know-when-the-market-turns/#comment-56990 Great post! It has always paid to be contrarian to the herd and its not hard just takes discipline. Although I appreciate your observation about economic “predictions” I believe most people misunderstanding what economist do.They do not predict the future they give you indications of what could happen given certain factors. In addition, most people only listen to a “prediction” which is not what an economist is trying to do. They are simply giving you a map with a compass. Unfortunately most people do not understand how the mechanics of economics work so they are unable to take the map and compass that the economist is handing them and make a lot of money. Instead they just take the information as a “prediction.”So for people who are listening to economist and taking what they are saying as a prediction they are missing the boat. They need to be taking what the economist is saying in conjunction with the potential exogenous factors that could affect the economy and make solid business decisions and big profits. I could go on further but, I think you are starting to get a feel of how to take economic data/interpretation and turn it into money!The rest of your post is right on the money and I cannot agree with you more. Great post! It has always paid to be contrarian to the herd and its not hard just takes discipline. Although I appreciate your observation about economic “predictions” I believe most people misunderstanding what economist do.

They do not predict the future they give you indications of what could happen given certain factors. In addition, most people only listen to a “prediction” which is not what an economist is trying to do. They are simply giving you a map with a compass. Unfortunately most people do not understand how the mechanics of economics work so they are unable to take the map and compass that the economist is handing them and make a lot of money. Instead they just take the information as a “prediction.”

So for people who are listening to economist and taking what they are saying as a prediction they are missing the boat. They need to be taking what the economist is saying in conjunction with the potential exogenous factors that could affect the economy and make solid business decisions and big profits. I could go on further but, I think you are starting to get a feel of how to take economic data/interpretation and turn it into money!

The rest of your post is right on the money and I cannot agree with you more.

]]> By: Mike Farmerhttp://www.biggerpockets.com/renewsblog/2008/05/19/will-we-know-when-the-market-turns/#comment-56975 Mike Farmer Fri, 23 May 2008 01:56:31 +0000 http://www.biggerpockets.com/renewsblog/2008/05/19/will-we-know-when-the-market-turns/#comment-56975 Amen! Just study the situation and be objective. Whether the market is up or down, the present situation and numbers are all that matter. Amen! Just study the situation and be objective. Whether the market is up or down, the present situation and numbers are all that matter.

]]> By: LennyPhttp://www.biggerpockets.com/renewsblog/2008/05/19/will-we-know-when-the-market-turns/#comment-56903 LennyP Mon, 19 May 2008 22:47:35 +0000 http://www.biggerpockets.com/renewsblog/2008/05/19/will-we-know-when-the-market-turns/#comment-56903 90% of statistics are made up, including this one. 90% of statistics are made up, including this one.

]]> By: jaxsonsmithhttp://www.biggerpockets.com/renewsblog/2008/05/19/will-we-know-when-the-market-turns/#comment-56898 jaxsonsmith Mon, 19 May 2008 20:35:10 +0000 http://www.biggerpockets.com/renewsblog/2008/05/19/will-we-know-when-the-market-turns/#comment-56898 great post, I loved the quote at the end. great post, I loved the quote at the end.

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