Monday, July 18, 2005

Prudential Advises to Go Slow

"With the white-hot housing market smelling more like 1990s' dot-com-frenzy - a phenomenon that sending a chill through many analysts' mind - a regional real estate brokerage is preaching a new mantra to investors.

Prudential Rand Realty Inc. of White Plains is not asking investors to quit their dream to get rich. It is advising them not to move at rocket speeds, as many day traders did during the Internet revolution, when bubble-stock company AOL Inc. acquired the world's largest media company, Time Warner Inc., virtually for nothing."

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