uh-oh: Time Magazine on Housing

Is this the Magazine Indicator at work?

First Fortune, now Time Magazine:

We’ve seen some terrific Contrary market calls from magazine covers:  Time magazine naming Jeff Bezos man of the year in December 1999 marked the top of the internet bubble; The March 21st  2005 Newsweek cover story, “The Incredible  Shrinking Dollar,” marked a key contrarian turning point in the greenback’s fortunes. (The dollar has rallied 7% versus the euro and 2% against the yen since then).

Will the June 13th issue of Time magazine, with its giddy “Home Sweet Home” cover about the real estate market, prove to be similarly prescient? Stay tuned . . .

What's been said:

Discussions found on the web:
  1. seamus commented on Jun 7

    Time magazine seems to be the King of the Magazine Cover Effect. When it makes the cover of Time, it’s over.

    Note that the cover isn’t “Watch out for that bubble!” It’s “Your house is making you rich! Yay, real estate!”

    I’m going to keep renting.

  2. Sixth World Investments commented on Jun 7

    Stock Scans 06-07-05 & News

    Good Morning! The markets took a breather yesterday and it looks like there is some Bullish sentiment out there. Might there be a summer rally? You never know with this strange market. Stock Scans are ready for today! You know where to find them af…

  3. rajesh commented on Jun 8

    The Whisky Bar covers more on magazine, err, covers:

    This is like the “shoeshine boy” stories you always hear after a major crash, in which sage investor X observes that she knew stocks were overvalued when she found out her shoeshine boy — or her barber or waiter or some other menial worker — was investing his dimes and nickels in them. Except shoeshine boys are generally smarter than editors, and will usually get out first.
    http://billmon.org/archives/001881.html

  4. Hilton Real commented on Sep 21

    The market here on Hilton Head Island, SC has been out of control for over five years now. Lending regulations need to be tightened — no more “negative amortization” loans and such. Everything is out of skew.

  5. Hilton Real commented on Sep 21

    The market here on Hilton Head Island, SC has been out of control for over five years now. Lending regulations need to be tightened — no more “negative amortization” loans and such. Everything is out of skew.

  6. mrfnuts commented on Apr 10

    Perhaps this needs to be bumped now, as it seems to me, this cover literally called the peak of the housing bubble.

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