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<p>[QUOTE=&quot;medoraman, post: 1324117, member: 26302&quot;]Very true sir. I knew people who correctly predicted and acted upon both the dot com burst and the housing burst. The person who predicted the dot com burst lost a lot of money because he used leverage and had the timing down wrong. The person who predicted the housing burst made money even though he also had the timing wrong. The person who predicted the housing market burst sold his house, but it kept going up. However, a year later the bubble burst and it is now worth half of what he sold it for. The difference? The second amn did not leverage sales of multiple houses for 6 months, he physically sold the asset he had and used no leverage. </p><p><br /></p><p>Using leverage to maximize returns on a predicted economic change is about the most dangerous game I can think of, not only are you betting you are right, you are also betting your timing is perfect. Get it right and you hit a grand slam, get it wrong, either the thought OR the timing, and you are picking up bats the rest of your life.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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