Stock market boom in October

[DimPrawn]

Remember you heard it here first.

[sasguru]

Yeah everything up again. So Gordon has really abolished boom and bust then.
After a minor downturn we're all in the promised land of rising house prices, rising stock markets. Boomed.

[DimPrawn]

The only way is up, baby!

Pile in, there's free money in them there hills!

[DimPrawn]

Not just stock markets.

http://www.rightmove.co.uk/news/hous...x/october-2009

•Largest October rise for 6 years as balance of power continues swing towards new sellers, pushing average Autumn asking prices up by 2.8% (£6,188)

•95,000 fresh stock, down 36% on 2007, including 22,000 stamp duty exempt sellers looking to cash-in before buyer incentive ends in January

•Prices now higher than a year ago with London at record high - majority of buyers expecting more rises and only 1 in 10 expecting falls

•‘Window of opportunity for sellers’ given 2010 election and economic uncertainties facing the next Government and home movers



Buy buy buy!

[SantaClaus]

Not just stock markets.

http://www.rightmove.co.uk/news/hous...x/october-2009

•Largest October rise for 6 years as balance of power continues swing towards new sellers, pushing average Autumn asking prices up by 2.8% (£6,188)

•95,000 fresh stock, down 36% on 2007, including 22,000 stamp duty exempt sellers looking to cash-in before buyer incentive ends in January

•Prices now higher than a year ago with London at record high - majority of buyers expecting more rises and only 1 in 10 expecting falls

•‘Window of opportunity for sellers’ given 2010 election and economic uncertainties facing the next Government and home movers



Buy buy buy!

Big sign of a bubble. And where are all these new buyers going to come from, considering the lenders are tightening up restrictions?

[HairyArsedBloke]

Big sign of a bubble. And where are all these new buyers going to come from, considering the lenders are tightening up restrictions?

City bonuses - nar can't have that; we'll put a stop to that.
Overseas buyers - the pound has dropped so much that assets in the UK look cheap externally, but we can't have all those nasty foreigners with their dodgy money buying everything. we'll put a stop to that.

Mmmmmmmm, prospects don't look good.

[SantaClaus]

City bonuses - nar can't have that; we'll put a stop to that.
Overseas buyers - the pound has dropped so much that assets in the UK look cheap externally, but we can't have all those nasty foreigners with their dodgy money buying everything. we'll put a stop to that.

Mmmmmmmm, prospects don't look good.

ok, so foreign investors and city boys.

Well thats going to stop property prices nationwide from crumbling then!

[MrMark]

This time next year we'll all be millionaires!!!!

[SantaClaus]

This time next year we'll all be millionaires!!!!

Yeah Rodney, now help me shift these broken lawnmowers.

[Doggy Styles]

And if house prices stall a bit - the government will print some more money. Buyers can't lose really.