Hi Robert M. Campbell

It's always nice to see your name on a post, glad you dropped by.
First by question to you. Is the real estate bubble ready to pop?

Now to answer your question.

>Don,you say: "Events don't cause trends."
>Michael, you say: "Events don't cause trends ... they compound and cause them."

Evidently Michael has never study cycles and trends, or he would never make
that statement. I think he's saying that events causes trends.

Now back to real estate, I know you have expertise in this field. And this is a
good example of the trend in real estate. I bought a house in Calif. in early 1974
it doubled in value in less then 4 years. And the trend still seems to be bullish.

A lot of events have gone by since 1974 and not one of them made the trend change.
"Events do not create or change stock market trends" or any other trend.

Two good books to read on trends, cycles, and herding. Yes herding! You will be
hearing more on this as time goes on. Seems like people follow in herds just like
animals.

We are NOW in a double dip recession which will end up a depression.
But the gov will not tell you that for at leased 6 to 8 more months that
we are in a double dip recession.

I rely on my information by studying the Kondratieff Wave and the
DJIA Wave over the last 100-150 years. They are just about a mirror
image of each other. You will see the 30 and 70 year cycles jump out
at you. Couple this with The Elliott Wave that explains the above two
waves and you can see where we are headed.

Two books that will explain in detail what's ahead by author Robert R
Prechter Jr .

Book one:
"The Wave Principle of Human Social Behavior and the New Science
of SOCIONOMICS" The purpose of this book is to establish the idea
that in humans, an unconscious HERDING impulse impels social mood
trends and changes that are specifically pattern according to a natural
growth principle and which in turn is the engine of cultural expression
and social action. He goes on to explain the herding that takes place
in the stock market. This is a book everyone should have, buy it or
pick it up at your local library.

Book two:
"Conquer the Crash, you can Survive and Prosper in a Deflationary Depression"
This book is what is happing right now. This is the other book you should have
in your home library.

Regards,
D.R.(Don)McArdle