by Calculated Risk on 5/19/2005 05:16:00 PM

The May edition of Fortune has the following cover "Real Estate Gold Rush":



UPDATE: Better photo from The Big Picture. The lead article is "Real Estate Frenzy: Riding the Boom".

(a pay article, but the lead paragraphs are free).

Speculation is the key to recognizing any financial bubble. Although the housing market remains incredibly strong, speculation is reaching a fevered pace. Articles (and covers) like this frequently appear at or near the top.



Hat tip to my friend Mish for the cover!