Thursday, March 1, 2007
Fresh turmoil for world markets
Fresh turmoil for world markets
London shares are suffering further severe falls, with the Footsie over 100 points down after a calamitous open on Wall Street.
Posted by p. o. o. r @ 04:12 PM (463 views)
4 thoughts on “Fresh turmoil for world markets”
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p. o. o. r says:
“And more generally there are fears that equities worldwide may be overvalued.” – (EQUITIES
Another word for a share. Or, in the context of housing, the part of your home that you own outright, as opposed to being under a mortgage).
Is this so – well ‘we’ have been saying this for a long time – are the money poeple just starting to realise this. It’s about time… If only house prices would drop as quickly as shares have in the last few days – about 6% since Monday!
mrmickey says:
Shares can crash at the push of a button the housing market will take longer to head south, it could be another 12 months before things get really interesting in the housing market.
Tangara says:
I don’t know why :), but I feel much better with shares than a mortgage right now !
dohousescrashinthewoods says:
Hear hear, Tangara. Housing is slow to crash, slow to recover. As an asset class, equities are likely to cycle and rebalance their long-run average that equals property.
Plus, when shares crash, you can nip in and get some bargains. Not so quick and easy with property – those glorious buy-to-lets are extremely large, leveraged punts.. and isn’t it leveraged investment that is looxing unsteady these days?