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Footsie Bashed By Property Sell Off

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LONDON (ShareCast) - A lousy showing from property issues and weak banks ensured London's leading index remained stuck in the red at midday, with Wall Street's influence absent due to Thanksgiving.

First it was the BTL mania drying up now the secondary market investors (stocks and shares) are bailing out?

Not much good news around to suggest the usual HPI will continue without first seeing the usual HPC.

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Memo to all stock market investors;

Don't bail out now, as this bull market has plenty of gas left in the tank. Corporate profits are rising and valuations aren't stretched on either a p/e ratio or an inverse p/e ratio. There are certain sectors to avoid however like, property, retail, housebuilders. Banks, financials, gaming, insurance and life insurance are looking great. It's only natural that there are pullbacks, indeed this is healthy. I recall saying something similar here when a few investors had the jitters 6 weeks ago. It's called profit taking! Also equities are climbing a great 'wall of worry' which is great, so stay fully invested.

The property bubble is deflating and IMHO, a lot of the money sloshing around will find it's way into stocks.

I really can't understand all these people such as MONEYWEEK, who see doom and gloom all around. "Sell the Dow" is one of their favourites which is wearing a little thin now. Indeed, I wrote a scathing letter to the editor explaining their position on equities was nonsense, and have subsequently been proved correct. They also reckon the world economy will tank, possibly correct, but oil will still go over $100; Hmmmm. go figure as they say in the big apple.

BTW, a note to conspiracy theorists....I'm not a stockbroker! Unfortunately

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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