By: Forbes Real Time
March 27, 2013 at 13:16 PM EDT
Home Prices Poised To Move Higher As Fear of Losses Has Dissipated
Remember that mob psychology dominates all asset purchases. It doesn’t matter if you are buying stocks bonds, precious metals or real estate. Last year Apple could do no wrong. If you didn’t own it, well, you were missing the most amazing stock. How could you not own it? The drumbeat was constant creating a bubble. Then, abruptly, the music stopped as the hedge funds who were supporting Apple into their fiscal year end on October 31st, began to bail out. Right now the debate is over how low might Apple fall, how well can Tim Cook run the company and will they ever have another good idea. The asset class matters little. It's all about human nature and not wanting to miss out on easy money.
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