You can Kiss good deals at auction goodbye

[Justin S.]

They are now doing a reality show on the Phoenix auctions. A friend told me once they started Storage Wars, the number of people at auctions tripled. This is good for bidding services but bad for investors. Time to move or start a bidding service.

http://www.azcentral.com/community/ahwatukee/articles/2011/09/16/20110916reality-tv-taps-phoenix-area-foreclosures-betting-the-house.html

[Joel Block]

Warren Buffet's Advice Addresses this Issue:

A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. In waiting for the comfort of good news, they are ignoring Wayne Gretzky's advice: “I skate to where the puck is going to be, not to where it has been.”

-- Warren E. Buffett, The New York Times, 10/16/08