Hard to improve on this assessment by Jake Dollarhide, chief executive of Longbow Asset Management:
When you have zero percent inflation, zero percent interest rates, zero percent money markets rates, and when you have metals and gold that have skyrocketed to astronomical levels, stocks look pretty good in comparison.”
—The NY Times (11/9/09)
So where does that leave real estate, and specifically, the housing market?
More posts to come . . .
P.S.: Can “Dollarhide” actually be a real name?? (That of a money manager, yet.)