Stock market collapse in October

[JoJoGabor]

According to an estate agent.

...and thats where you go wrong

[TimberWolf]

According to an estate agent, prices will rise 20%, so I'd buy now whilst they are still cheap as chips.

An added bonus of buying a house is that if you can't pay your mortgage the government will pay you a salary, your mortgage interest, council tax and other things and will keep its value artificially high and interest rates artificially low, but if you sell you will have to pay all these things and will not receive a sausage, plus you will lose your sale proceeds financing the above strategy. Boomed.

[TimberWolf]

Stock market collapse in October

boom

[DiscoStu]

boom

It's a bubble, it has to be. There's no rational justification for the market growing this quickly.

[TimberWolf]

It's a bubble, it has to be. There's no rational justification for the market growing this quickly.

The stock market has to be irrational though, else we'd all get rich. Oh hang on...

[SuperZ]

According to an estate agent, prices will rise 20%, so I'd buy now whilst they are still cheap as chips.

Sometimes I have to think, is he serious or not?

SC - Just a thought, when there is a slight drop like that then it levels out... could that be because everyone jumps on and therefor that makes it stay up???

Hope that makes sense??

Why do you think it has to fall, is being propped up?
Could it be that people have seen value in the market and have bought into value? Could it also be that all the sellers were out of the market by March, there was only one way the market was going to go? At March levels especially, you realy couldn`t go wrong. If the market dived further, it soon would have shot back up again. Even now you`ll still do well in the long term. A lot of the bargain basement bargains are gone but there is still good value to be had.

When most were in fear and on the sidelines, that was the time to jump onboard. When the market looks risk free moving upwards, that`s the time to possibly start worrying (when others are comfortable). The best rewards usually always comes with higher risk

I`m with the growing crowd that thinks this could now be the start of a multi year rally in stocks. Housing however I think has further downside, or, the reality of the current prices isn`t yet apparent (due to lack of sales).
GOld is interesting. I have no idea about that, but I don`t think this is a long term trend, once it hits its peak it'll probably drop rapidly (IMO)

[DimPrawn]

It's a bubble, it has to be. There's no rational justification for the market growing this quickly.

Unless Gordon Brown has fixed the stock market so it only ever goes up?

Christ, the man's a genius.

[SuperZ]

It's a bubble, it has to be. There's no rational justification for the market growing this quickly.

If it looks like a bubble, sounds like a bubble, everyone else thinks it's a bubble, then it probably isn't a bubble

[AlfredJPruffock]

Fools !

Only SuperZ realises that the Market only moves in the opposite direction to that which conventional wisdom predicts.

He who is a Fool
But knoweth not he is a Fool
He is not a Great Fool

But he who is a Fool
But knoweth not he is a Fool
He is a Great Fool

[Scary]

Fools !

Only SuperZ realises that the Market only response in the oppoesite direction to conventional wisdom

And what does conventional wisdom say? Green shoots! We're in a recovery! Just switch on CNBC and see for yourself.