Bears in Despair Part 4.....

StevieJ

Those bears on HPC are a bit fickle, our lot are made of sterner stuff

System

Thrugelmir wrote: »

So a bull is now defined as someone who predicts a market fall but not as large as someone else who is then classified as a bear. :rolleyes:

That's the definition that's been created on here, pretty much everyone who's been labelled a bull was predicting 10% drops at the beginning of the year.

HAMISH_MCTAVISH

Joeskeppi wrote: »

That's the definition that's been created on here, pretty much everyone who's been labelled a bull was predicting 10% drops at the beginning of the year.

Or even 35%!!!!!!!

I think all it takes to get labelled a bull, here or hpc, is thinking that house price rises are better than falls.

Your opinion of the short term direction of house prices does not seem to come into it.

So the definition is not really accurate....

HAMISH_MCTAVISH

Oh, this ones particularly good.....

I've thought that about the 5 people I now know that have sold this year.

I kept thinking:

"no one will offer that"
"it's not worth that"
"are people stupid"
"the banks wont lend the money"
"you've exchanged ?"

Absolutely delightful....

chucknorris

Joeskeppi wrote: »

That's the definition that's been created on here, pretty much everyone who's been labelled a bull was predicting 10% drops at the beginning of the year.

I certainly didn't expected that, no one was more amazed than me that prices actually went up this year (apart from Carol, Graham, Wookster, !!!!!!, mewbie, brit, the_white_horse, etc. of course)

HAMISH_MCTAVISH

Thrugelmir wrote: »

So a bull is now defined as someone who predicts a market fall but not as large as someone else who is then classified as a bear. :rolleyes:

Now that is bulls.

Makes no sense at all, but it's true all the same. I started out on hpc predicting large falls, 30% to 35% on a national average. 15% to 18% for my local market.

I also stated that the underlying market fundamentals were still that of extreme shortages, likely to be worsened by NE, that the government and BoE would intervene with funding measures and ZIRP to prevent a 50% fall, and that the crash was being time compressed and so a recovery would likely also be far faster than the five year plus timeframe they were predicting.

And for that, one gets labelled a bull.

Then for being proven right, one gets labelled a troll, and effectively prevented from posting. So that, in the words of a mod, newcomers know our "arguments have no veracity".

HPC is truly home of the worst sort of tin foil hat extremist. Watching them now turn on themselves is entertainment at it's finest.

Have the real fundamental drivers changed?

I'm of the opinion that they've hardly been tweaked yet.

Since last X-Mas??? Absolutely.

Thrugelmir

Joeskeppi wrote: »

That's the definition that's been created on here, pretty much everyone who's been labelled a bull was predicting 10% drops at the beginning of the year.

I would suggest that one or more bulls changed and evolved the definition to suit themselves.

As in market terminology the definition is very clear.

Really2

Thrugelmir wrote: »

I would suggest that one or more bulls changed and evolved the definition to suit themselves.

No, I have never labelled myself but thought thought -25-35% down.

I was labeled by the "bears" on here as a "bull" even though in market terms my outlook was bearish.

chucknorris

Thrugelmir wrote: »

I would suggest that one or more bulls changed and evolved the definition to suit themselves.

As in market terminology the definition is very clear.

Personally I probably don't fit into either category, I'm probably almost a bull in recessions but almost a bear in boom times.

The next boom (but I will setlle for a decent market) will be tricky as I have a few properties to sell and getting the balance right between not being too greedy and waiting too long, and playing it too safe by offloading too soon in a rising market will not be too easy. I think I will probably sell 1-2 per year and phase it.

System

I've never labelled myself either, but have often pointed out that I'm not a bull "by market definition" to those that insist on labelling me as a bull.