This is another Jenman Article:
A WEEK OF WARNINGS
http://www.jenman.com/NewsNews1.php?id=127In it is this paragraph:
“Few experts can predict exactly when any market will rise or fall. Or if it will boom or bust. But in the case of speculative investing there are always clear symptoms before a crash. Investment lending has now soared to 45 per cent of all property lending. Thousands of hopefuls are jumping into the property market. But they are jumping into investments where the yields are at record lows and the prices are at record highs. Which investment maxims are they following?”45 PERCENT!!!!!!!
A lot of you are using really good strategies and will be AOK in any market slump.
But a lot of “investors” who haven’t done there homework are gonna get fried when the market corrects. What we are seeing is panic buying. In the share market there is a phenominum known as a blow-off top.
That means the most buying activity and the strongest rise is right at the very top, and is basically panic buying by the late comers.
For the smarties like you all, great buying opportunities coming up soon(er or later).
Interesting article, thanks, and another reason people should educate themselves about the strategy behind the property investing decisions they are making and not just following the Jones’ so to speak – Steve’s tip for today is rather apt I think!
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