membrane Posted October 29, 2008 Share Posted October 29, 2008 http://news.sky.com/skynews/Home/Business/...ore_Than_A_Year Reading some of the comments makes me want to cry, I sent a reply (sensible) and not posted Quelle suprise. Quote Link to comment Share on other sites More sharing options...
sbn Posted October 29, 2008 Share Posted October 29, 2008 (edited) As bull traps go, I think this one can be likened to an open abattoir door with a large guillotine hangng over the top, blood spurting from inside along with the sound of dying bulls in agony coming from within. Pinned to the gate is the smallest of post it notes.. it says... Hot Bovine Pu55sy this way.... Love you longtime. mooo Edited October 29, 2008 by sbn Quote Link to comment Share on other sites More sharing options...
blankster Posted October 29, 2008 Share Posted October 29, 2008 A lot of people were in denial when the boom came to an end and were still hyping things up as the figures began to show the opposite. Now I think we're seeing the bottom of the slump and us HPCers need to watch that we're not the ones who end up in denial. Quote Link to comment Share on other sites More sharing options...
sbn Posted October 29, 2008 Share Posted October 29, 2008 A lot of people were in denial when the boom came to an end and were still hyping things up as the figures began to show the opposite. Now I think we're seeing the bottom of the slump and us HPCers need to watch that we're not the ones who end up in denial. Go back to the graph on page 1 Quote Link to comment Share on other sites More sharing options...
uncle_monty Posted October 29, 2008 Share Posted October 29, 2008 As bull traps go, I think this one can be likened to an open abattoir door with a large guillotine hangng over the top, blood spurting from inside along with the sound of dying bulls in agony coming from within. Pinned to the gate is the smallest of post it notes.. it says...Hot Bovine Pu55sy this way.... Love you longtime. mooo Quote Link to comment Share on other sites More sharing options...
blankster Posted October 29, 2008 Share Posted October 29, 2008 Shares on the up, mortgage lending on the up, banks saved by bailouts. We are a long way further from the brink than we were. Quote Link to comment Share on other sites More sharing options...
athom Posted October 29, 2008 Share Posted October 29, 2008 one of the comments "If you have been sitting on the fence waiting for the market to bottom out, well its official it just has. If you are looking to buy then get out there quickly before all the bargains disappear. Posted By :pete" OMG how does someone so thick know how to work a computer? Quote Link to comment Share on other sites More sharing options...
Guest Daddy Bear Posted October 29, 2008 Share Posted October 29, 2008 one of the comments"If you have been sitting on the fence waiting for the market to bottom out, well its official it just has. If you are looking to buy then get out there quickly before all the bargains disappear. Posted By :pete" OMG how does someone so thick know how to work a computer? That was irony (sarcasm) OMG how does someone so thick know how to work a computer? Pete Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted October 29, 2008 Share Posted October 29, 2008 A lot of people were in denial when the boom came to an end and were still hyping things up as the figures began to show the opposite. Now I think we're seeing the bottom of the slump and us HPCers need to watch that we're not the ones who end up in denial. I don't agree with THAT...and many on here will think like me. We've had a bubble in property for > 10 years and it will all end in a fortnight? I only wish it were true, but history shows that it doesn't work like that. This figure is a strange one though. But we're seeing some very strange stats every day in this crisis. I'd treat it as background noise and try to look at the bigger picture. ie. slump in jobs, govt preparing for 3M+ official unemployed, massive borrowing and expansion of public deficit, banks still going bust, countries going bust to the IMF every week, etc etc. This doesn't look like the bottom to me. But no doubt it will suck in a few more.........twas ever this Quote Link to comment Share on other sites More sharing options...
Soul Reaver Posted October 29, 2008 Share Posted October 29, 2008 A lot of people were in denial when the boom came to an end and were still hyping things up as the figures began to show the opposite. Now I think we're seeing the bottom of the slump and us HPCers need to watch that we're not the ones who end up in denial. That would be the fastest boom bust bailout recession depression known to mankind. Please I can't stop laughing. Quote Link to comment Share on other sites More sharing options...
blankster Posted October 29, 2008 Share Posted October 29, 2008 I'm not saying it won't all go really, really pear-shaped, but we have to wake up to the fact that we might be just over the worst. Quote Link to comment Share on other sites More sharing options...
sbn Posted October 29, 2008 Share Posted October 29, 2008 (edited) Shares on the up, mortgage lending on the up, banks saved by bailouts. We are a long way further from the brink than we were. Agreed, but what we all predicted here was a HPC. When we were all at the "brink" I was sh1tting it as much as the next man, for beyond the brink lies mad max and dented tins of dogfood. Glad to be a long way from the brink (& I'm not totally sure we are that far from it, truth be known.), but the brink is also a long way from a common or garden HPC Edited October 29, 2008 by sbn Quote Link to comment Share on other sites More sharing options...
blankster Posted October 29, 2008 Share Posted October 29, 2008 (edited) That would be the fastest boom bust bailout recession depression known to mankind. Please I can't stop laughing. You said it yourself - the bust has happened at unbelievable speed, a recovery could happen the same - the Dow has risen over 1000 points since start of trading yesterday. We have to face the possibility that the Dow could be back over 10,000 in a week or two, banks are lending to each other again, house sales pick up and sale prices move back towards asking prices. I didn't think this would happen, it still might not, but it looks possible now. Edited October 29, 2008 by blankster Quote Link to comment Share on other sites More sharing options...
sbn Posted October 29, 2008 Share Posted October 29, 2008 (edited) Blankster - has someone slipped something in your tea? are you seriously calling the bottom? Edited October 29, 2008 by sbn Quote Link to comment Share on other sites More sharing options...
yellerkat Posted October 29, 2008 Share Posted October 29, 2008 I'm not saying it won't all go really, really pear-shaped, but we have to wake up to the fact that we might be just over the worst. Have a look at Alice Cook's UK Bubble Blog: The UK customer funding gap - ₤737 billion. No money until the RMBS markets re-open - and that ain't happening soon! Quote Link to comment Share on other sites More sharing options...
athom Posted October 29, 2008 Share Posted October 29, 2008 QUOTE (athom @ Oct 29 2008, 05:56 PM) *one of the comments "If you have been sitting on the fence waiting for the market to bottom out, well its official it just has. If you are looking to buy then get out there quickly before all the bargains disappear. Posted By :pete" OMG how does someone so thick know how to work a computer? That was irony (sarcasm) OMG how does someone so thick know how to work a computer? Pete Played a little too straight faced perhaps Quote Link to comment Share on other sites More sharing options...
yellerkat Posted October 29, 2008 Share Posted October 29, 2008 You said it yourself - the bust has happened at unbelievable speed, a recovery could happen the same - the Dow has risen over 1000 points since start of trading yesterday. We have to face the possibility that the Dow could be back over 10,000 in a week or two, banks are lending to each other again, house sales pick up and sale prices move back towards asking prices.I didn't think this would happen, it still might not, but it looks possible now. Utterly impossible. Check out the rise on the US markets on the 13th October - and what happened after that. Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted October 29, 2008 Share Posted October 29, 2008 Blankster - has someone slipped something in your tea? are you seriously calling the bottom? Maybe his account has been hacked by someone from the Squealing Pig ? Can be the only explanation..... Quote Link to comment Share on other sites More sharing options...
Soul Reaver Posted October 29, 2008 Share Posted October 29, 2008 You said it yourself - the bust has happened at unbelievable speed, a recovery could happen the same - the Dow has risen over 1000 points since start of trading yesterday. There are a few flys in that ointment though! 1. No more Liar loans 2. No more 8 x LTV's 3. Greed replaced by fear and uncertainty 4. The worst reccesion we have ever had only just starting 5. Massive unemployment adding to the fear and uncertainty Need I go on? an on and on and on and on on on And FRED is right and we will be in depression by 2010 Quote Link to comment Share on other sites More sharing options...
blankster Posted October 29, 2008 Share Posted October 29, 2008 (edited) No - I'm just looking at what's going on and playing devil's advocate - someone needs to! I don't see another boom in the property market, I was saying sales might pick up and the gap between actual purchase prices and vendors' asking prices might narrow upwards rather than downwards. Edited October 29, 2008 by blankster Quote Link to comment Share on other sites More sharing options...
MrsNoelEdmonds Posted October 29, 2008 Share Posted October 29, 2008 It's all good, shares are on the up...the economy is saved. The fact that Team GB has scrapped SATS (to save dosh), wants the ill/disabled to go out to work (to save money) and is cutting student finance (to save money) is coincidental. However, at least he can afford to spend 700 million on tanks and stuff - I wonder why he wants to do that eh?! Quote Link to comment Share on other sites More sharing options...
blankster Posted October 29, 2008 Share Posted October 29, 2008 Blankster - has someone slipped something in your tea? are you seriously calling the bottom? Not really, I'm only suggesting we might consider that it could be the bottom soon. Unemployment still seems set to rise. Quote Link to comment Share on other sites More sharing options...
stillill Posted October 29, 2008 Share Posted October 29, 2008 Have a look at Alice Cook's UK Bubble Blog: The UK customer funding gap - ₤737 billion.No money until the RMBS markets re-open - and that ain't happening soon! Does that mean if I take all my savings out the bank, I'll hasten the crash? Quote Link to comment Share on other sites More sharing options...
Contango and Cash Posted October 29, 2008 Share Posted October 29, 2008 A lot of people were in denial when the boom came to an end and were still hyping things up as the figures began to show the opposite. Now I think we're seeing the bottom of the slump and us HPCers need to watch that we're not the ones who end up in denial. Heh heh. Troll or truth? Better rush to get on the ladder then. Don't forget buy shares too!!!! Wrongest thing I've seen today, thanks for amusement. Quote Link to comment Share on other sites More sharing options...
membrane Posted October 29, 2008 Author Share Posted October 29, 2008 That was irony (sarcasm)OMG how does someone so thick know how to work a computer? Pete I'm still not convined it was sarcasm to be honest & my staple diet is sarcasm Quote Link to comment Share on other sites More sharing options...
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