Where did the bulls go?

Pobby

Ecstatic!!!!!!!!

motch

I'm waiting to see if "The Dangerman" ever posts again. His posts made me
chuckle.

Jonbvn

I have read several articles this week, indicating that the end of the credit crunch may be in sight. However, even when the CC ends, lenders will not be throwing loans at just anyone. Lending will revert back to the more traditional cautious approach.

Overall, I would not expect to see HPI on the horizon for at least 5 years. Hopefully this will be the death knell of property !!!!!! on TV.

jamescredmond

!!!!!!? wrote: »

There's no need for hubris, now .... The phrase 'Shooting fish in a Barrel' comes to mind when arguing with someone bullish on housing.

Let's face it, there was nothing particularly clever about figuring out which way the market was going to go when it has long been signposted in huge fifty foot high neon letters for anyone with common sense enough to see.

The really surprising thing from all of this is the sheer number of people who quite clearly did not want to see. It's self-delusion on a massive scale and even now there are plenty who still want to deny the reality staring them in the face. Quite bizarre.

quite right. I'm in no mood to gloat either.

but when it became obvious - even to my untrained eye - that the market was about to give, then naturally I expected everyone else to see it too.

it never occurred to me there were so many ostriches around, lashing out at anyone who dared contradict.

and now Boomsville is deserted, save for the whistling winds and tumbleweed.

to be fair, though, I wasn't expecting the size of drop in such a short space of time.

gotta go.

mrs. miladdo has just finished cleaning out our nuclear bunker.

snarffie

Before you all start kissing each others butts, and we are all covered in saliva, you should remember that the crash was being called back in 2002 with much of the fervour as six months/a year ago, and it is the convergence, or 'perfect storm' of factors that appear to have brought an end to the current cycle.

If you sit there for five years calling a crash, it is INEVITABLE that you will eventually be right. People who have called it this time were just calling it at the right stage of inevitable.

I would like to stay that the crash will be over and a housing BOOM is on the horizon. I absolutely (almost) guarantee it! :cool:

chappers

Have cut and pasted this from a post i made in another thread.

........it's one thing being a bear or a bull when it's all hot air and you have nothing at stake.
I am always pretty optomistic and bullish in my attitudes towards most things, I don't make decisions blindly however, If I don't see a good side to an oppertunity I steer well clear.
Being bullish or bearish isn't about opinion it's about how you juggle your investments, do you invest or sell.


I still consider my self to be quite bullish with regards to property, so much so that I am just starting a development and also about to buy another property.
Now that property in the short term may fall in value, but my intention is for it to be a long term investment, so in 30 years time when I come to sell it ,it has increased in value and I have made money, who would have been the winner the bear who said oh no can't buy now houses are dropping or me the bull who went ahead and made the investment.
It's all about your aspirations and intentions you have for your investments, if I were thinking of buying a property now knowing I may have to sell it in a few years time then I would be very bearish in my attitudes.

in the general world of investment it's always the bulls that stand to make the most, whereas the bears sit there moaning that they have missed the boat and it's all the greedy bulls fault.

The property market isn't falling away from under our feet at such a fast rate, that its worth putting your whole life on hold waiting for the crash.Some people have been doing that for the past 10 years and are still waiting, some i'm sure will wait so long that they miss the boat again next time.

Caution is a very precious commodity but over use can lead to the same results as not using it at all.
IMHO a missed oppertunity is the same as throwing money away


....retires to put on flack jacket and open the door to the bunker....

dannyboycey

snarffie wrote: »

Before you all start kissing each others butts, and we are all covered in saliva, you should remember that the crash was being called back in 2002 with much of the fervour as six months/a year ago, and it is the convergence, or 'perfect storm' of factors that appear to have brought an end to the current cycle.

If you sit there for five years calling a crash, it is INEVITABLE that you will eventually be right. People who have called it this time were just calling it at the right stage of inevitable.

I would like to stay that the crash will be over and a housing BOOM is on the horizon. I absolutely (almost) guarantee it! :cool:

Ahhh.... that old chestnut. Such a weak comeback. :rolleyes:

Sure, the bubble lasted longer than anyone thought it would. It just means that the fallout is larger.

I must admit, I didn't predict "THE CREDIT CRUNCH" as being the 'buzz phrase' for it this time. I seem to recall it being called "The big squeeze", or something like that last time. It makes me laugh how governments use these phrases as though they are some kind of odd phenomenon that operate within a vaccuum. The credit crunch didn't appear in a puff of smoke - it was created.... by those who now use it as an excuse. To say GB played his part in creating this mess is an understatement.

dannyboycey

chappers wrote: »

in the general world of investment it's always the bulls that stand to make the most, whereas the bears sit there moaning that they have missed the boat and it's all the greedy bulls fault.

Is it too late to get a refund on the textbook that came from? Sounds like the kind of flannel that self-help gurus spout - telling you how to become a millionaire, whilst fleecing you at the same time for the privilege.

In the world of investment, TIMING is everything. < notice the big full-stop

jamescredmond

snarffie wrote: »

Before you all start kissing each others butts, and we are all covered in saliva, you should remember that the crash was being called back in 2002 with much of the fervour as six months/a year ago, and it is the convergence, or 'perfect storm' of factors that appear to have brought an end to the current cycle.

If you sit there for five years calling a crash, it is INEVITABLE that you will eventually be right. People who have called it this time were just calling it at the right stage of inevitable.

I would like to stay that the crash will be over and a housing BOOM is on the horizon. I absolutely (almost) guarantee it! :cool:

I'm now safely in the bunker.

to clarify: I didn't call the market 5 yrs ago - although others may have.

but I started to get a bit edgy when banks started to shore up profits after the '05 'blip' with, quite frankly, ludicrous offers.

and it worked (until last summer).

all those mouth-watering bank bonuses were safe.

and the crash was a running certainty, as surely as night follows day.

I don't subscribe to the 'perfect storm' theory as the only possible explanation for the mess that's been created. covergence may have been the catalyst but just a single pull on this house of cards would have been sufficient to cause a fall, albeit later rather than sooner (but not by much).

chappers

dannyboycey wrote: »

Is it too late to get a refund on the textbook that came from? Sounds like the kind of flannel that self-help gurus spout - telling you how to become a millionaire, whilst fleecing you at the same time for the privilege.

In the world of investment, TIMING is everything. < notice the big full-stop

Couldn't agree more on the timing front, but it is also generally accepted that, higher risk investments generally give higher returns.

I actually was abit more shrewd than that too, I borrowed the book from the library, therefore zero outlay