Wednesday, Apr 25, 2007
While the DOW climbs to alltime high as US housing market dives
BBC News: Dow Jones powers past 13,000 mark
The two just don't seem to add up and I suspect that in the long term in an economy propped up by cash borrowed on the back of property that there will big trouble will be ahead!
Posted by enuii @ 05:27 PM (152 views) Add Comment
4 Comments
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1. harold said...
If this isn't the shorting opportunity of a lifetime, I don't know what is.
2. confused76 said...
Housing has been seen as surrogate investment after the burst of the dot.com bubble.
House prices were out of line with fundamentals, but share prices are not that high (P/Es are aligned or below long term average in most markets, with exception of some emerging countries.
With people pulling money out of property, expect more money to go into equity markets, BTW these have returned in excess of property over the past three years, also here in the UK. There could be heavy volatility going forward, though.
3. sold 2 rent 1 said...
harold,
Hold fire. These idiots have a little bit higher to go.
Then it's a dream. I am gearing up for it.
If we get past the mid May dip then buy put options in early June on new highs..
4. lvmreader said...
I saw this movie 7 years ago. Many people had new ones torn.