Long Beach Set To Purchase $840,000 Election System.
This week, the Long Beach City Council will consider the city clerks recommendation for the purchase of a new, $840,578 voting system from Hart InterCivic Inc. The clerk is also requesting $142,920 for the procurement of vote-by-mail tracking software, ADA-accessible voting booths and the rental of modular office trailers for the establishment of an elections distribution center.
Source: The Long Beach Business Journal
Many owners sold their homes purchased seven or eight years ago at a prime plump price and rented since. In time, they will buy again. The strange thing is you can predict bubbles before they happen. You might not know exactly when a market crashes but there are signs that never lie.
Muscle Car Market
Take the muscle car market for example. A year ago, prices inflamed. A Barracuda Hemi convertible, OK only 18 made sold for close to $1.5 million. Z/28 Camaros which are nice cars were trading well into the $80,000 zone. I don’t mean to belittle these cars but they are muscle cars. Their main appeal is a quick 0 to 60 and that’s it. They hold no international competition trophies, you can’t take them on a weekend tour with a club and have fun in the canyons as we do with our Italians and they were mass produced.
Think this market is also due for a correction? Z/28 are now selling in the $60,000, six months later.
Stock Market.
Let’s take the seasoned veterans of the stock market. None of them ever go in the market and expect to gain all the time. Losing is a very real part of the game. Knowledgeable traders fix themselves a buy and sell range and ALWAYS keep to it, regardless. Plus, they invest what they can, not their entire savings. It’s too risky.
The .com Bubble
I was involved in that. I had a few .com companies I consulted for the technical infrastructures. It was a wild time when a 20 employee company would spend $15,000 a week on equipment, projectors, colors printers, color laser printers, etc. I was asked if I wouldn’t prefer getting paid in stocks which I kindly declined. Why?
Rule Of Thumb
When they give it a name, the party is over. When something is over-hyped, it’s already dead. Think of multilevel schemes. If you get in on at the beginning and have no problem selling to your family and friends, you will be very rich. After a year or two, whoever comes in pays for the rest.
It’s common sense, unfortunately the allure of money and possible wealth makes people lose track of the essential.