The MSE House Price Forum Bull Trap?

neverdespairgirl

Cannon_Fodder wrote: »

("don't sell the bearskin before you've killed the bear")—an admonition against over-optimism.["

sounds a bit like counting chickens before they've hatched?

neverdespairgirl

Really2 wrote: »

Mewbie you do make me laugh.:rotfl:

That is the same guy who sent me $2,000,000,000 from Zimbabwe.

Bear in mind that, in Zim $, that's about half a cup of tea....

boyse7en

neverdespairgirl wrote: »

sounds a bit like counting chickens before they've hatched?

Exactly the same.

Except less dangerous.

And less French.:cool:

Really2

neverdespairgirl wrote: »

Bear in mind that, in Zim $, that's about half a cup of tea....

1/4 of a cup now.:D

mr.broderick

Cannon_Fodder wrote: »

I have noticed a strengthening of 'bullish' attitudes on the site in the last week.

Is it that some bearish-types, feeling they have 'been proved right at long last' and not feeling the need to bang on incessantly, are off enjoying plotting & planning to take advantage of new market conditions?

Thereby 'weakening' their group numbers...

So the more bullish members are enjoying a period of ascendency, that they haven't had for 6-12 months.

And they are so happy at the shift, they are getting a teeny bit carried away and more forceful than strictly necessary in making their points. (One or two, realy persistent types banging on incessantly that you must answer all their points, even if they make 12 in one paragraph spring to mind...!)


So, will it last or is it the bull trap before the really big drop that allows the bearish types to reassert themselves?

I think this is a good thread even though the op has me on ignore.
I'm not sure if i am a bull or a bear.
I do own a house so i guess i don't want a total collapse of the house market as all my equity will disappear having said that if we do get massive drops the next house up will be reachable for less.
I am more concerned about the economy and the feel good factor.
I want a good economy which is strong, i don't want a situation were people are frightened to spend money which they may have.
I was hoping more for a soft landing where house prices are concerned, i didn't want us to enter a recession.
I think the 3% rates were needed, everyone at work seemed a little more upbeat today and we sold 4 cars which is quite a lot for a friday in november whether this has anything to do with the cuts i am unsure.
I feel a little better today and positive so we will see what happens.

StevieJ

!!!!!!? wrote: »

http://en.wikipedia.org/wiki/Market_trends#Bull_market


People who believe that a market is a bull market are called 'bulls', people who believe that a market is a bear market are called bears.

Therefore those with the point of view that the housing market has a grim outlook are bears in this context, those who believe it's positive are bulls.

However, it has to be said that quite a few of the 'bulls' posting here seem more interested in just hurling abuse at someone rather than being particularly convinced that the market is good. I suspect that many are up to their necks in mortgage debt - hence the antipathy towards anyone who suggests that slashing rates to the bone might not be the best move at this juncture....... :rolleyes:

!!!!!! what a sore loser, I have been telling for months that rates are coming down
, you said OH no we have to combat inflation I said Oh no we have to combat Deflation. !!!!!! it got to do with us being up to our neck in mortgage debt

StevieJ

HammersFan wrote: »

That has really made me laugh out loud. Thank you - its been a long week.

My sides are creaking. :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

StevieJ

Cannon_Fodder wrote: »

I have noticed a strengthening of 'bullish' attitudes on the site in the last week.

Is it that some bearish-types, feeling they have 'been proved right at long last' and not feeling the need to bang on incessantly, are off enjoying plotting & planning to take advantage of new market conditions?

Thereby 'weakening' their group numbers...

So the more bullish members are enjoying a period of ascendency, that they haven't had for 6-12 months.

And they are so happy at the shift, they are getting a teeny bit carried away and more forceful than strictly necessary in making their points. (One or two, realy persistent types banging on incessantly that you must answer all their points, even if they make 12 in one paragraph spring to mind...!)


So, will it last or is it the bull trap before the really big drop that allows the bearish types to reassert themselves?

You obviously missed it number one bear, big bad !!!!!! said he might buy a house soon, get the picture?

Dan:_4

dopester wrote: »

The interest rate cut will only strengthen the economic contraction and house price crash.

Dopester mate, how do you work that one out?

WTF?_2

StevieJ wrote: »

!!!!!! what a sore loser, I have been telling for months that rates are coming down
, you said OH no we have to combat inflation I said Oh no we have to combat Deflation. !!!!!! it got to do with us being up to our neck in mortgage debt

I've agreed that rates were going to come down for quite some time.

However, the bull/bear issue is about the housing market - not whether rates would be cut.

The reason rates are coming down is to try to get the economy out of the mess it is in because people over-borrowed and burdened themselves with debt. Debt whose servicing costs threaten to exacerbate the downturn through soaking up disposable income. The basic idea is that lower rates equals more spending power for the consumer and more flexibility for business borrowing, equals stronger economy.

Unfortunately for the government, it's way too late for all that and they are using taxpayer money to fund the debt relief - bailouts to the banks in order to lower the cost of borrowing - so the money will be soaked out of the spending public one way or another.

Unless of course they 'print' it, which I am increasingly convinced they are going to do.