Market down, Housing about to pop, where to put $?

[berni_mccoy]

If the Market is way down (and not expected to come back up) and the housing market is about to pop (I saw a post on another topic here that housing starts are down 17%, the worst in 14 years as well as a story on NPR yesterday about the coming real-estate market bubble pop), then where are people putting their money (the people that have it anyway)?

Gold is up $25/oz from last year... will this continue to rise? Or will the market jump as people try to take their money out of real-estate (which I can't see happening since people have borrowed against their equity)?

Or are foreign markets (esp. Asian) the place for the next big bubble?

What are everyone's thoughts on this?

[shoelace414]

1. cans of tuna

[bemildred]

2. Guns and ammo. nt

[Robert Oak]

3. only guess is

a bear market fund, something that shorts.

Or, in Euros and under the mattress.

[teryang]

4. Wait to pick up the pieces

A little bit of gold and silver. Some energy stocks (for a hedge). Keep a lot in cash for the upcoming crash. Then there might be some bargains.

I'm looking for a precipitating event to take the pretenses off this market.

[girl gone mad]

5. I really don't know, either.

I've been short the markets since December, but I'm not adding to that position right now.

I actually recently bought a couple of nice pieces of furniture for my home. With oil prices rising and the dollar declining, inflation is bound to be a continuing problem.

I figured I might as well get something we can enjoy. Trends fluctuate in antiques, collectibles, art and designer goods, but there are some consistently stable market segments. If you stick with quality and stay away from anything that has recently appreciated dramatically, you should do okay buying things that rich people are interested in. :)