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Kenneth Fisher: Real bubbles are never referred to as bubbles until after they've burst

June 17, 2005

Real estate bubble? Ken Fisher doesnt think so. In his Forbes column he said, Real bubbles are never commonly referred to as bubbles in the press until after they've burst. That is so true. When something is commonly labeled a bubble that hasn't burst that means there is fear of it. There is little or no fear of a real bubble. Fear, priced into markets, reduces risk. I have no clue where home prices will go from here; they might go sideways or drift down. But this isn't a bubble, because it's been widely called one for two years, in America and elsewhere.


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