sell sell sell!

[Boris]

Actually, DP is probably right

Links:

How Big A Worry is the Baltic Dry Index? - MarketBeat - WSJ

FTSE All Share - Charts and technical analysis

https://gm.bankofny.com/Research/Mor...anagerID=24722

And caution to all those that think the AUD is safe...

https://gm.bankofny.com/Research/Mor...anagerID=24768

To conclude:

Sell sell sell!

But WTF should I buy instead? :-)

[DimPrawn]

Links:

How Big A Worry is the Baltic Dry Index? - MarketBeat - WSJ

FTSE All Share - Charts and technical analysis

https://gm.bankofny.com/Research/Mor...anagerID=24722

And caution to all those that think the AUD is safe...

https://gm.bankofny.com/Research/Mor...anagerID=24768

To conclude:

Sell sell sell!

But WTF should I buy instead? :-)

Houses!

Express.co.uk - Home of the Daily and Sunday Express | UK News :: House sales soar 20% in June

HOUSE sales soared 20 per cent last month as buyers took advantage of more homes on the market to barter down asking prices.


The number of properties sold leapt from 53,000 in May to 63,500 in June, said analysts Acadametrics.

David Brown, commercial director of LSL Property Services, which sponsors the Acadametrics price index, says June’s figures are the highest this year.


Boomed!


Buy buy buy!

Get a cheap house whilst stocks last!

[Fred Bloggs]

I agree. There are some parts of the UK where housing relative to income is many multiples beyond unattainable for Mr & Mrs Smith. But that fact alone is not going to change there accessibility. There are other links in the chain that must be broken first, job losses (wait until George is finished hacking back the 3rd largest employer of the world, the British public sector) that'll make a difference. Newcastle will be up for sale soon.

But then they're other parts of the country that are doing quite well, especially at the higher end. Those parts that did not run away with themselves on speculative reasoning.

I quite agree with you about affordability. Here even in the grim North West first time buyer properties are between 4 and 5 times the average first time buyer incomes. And that's if you're lucky enough to have a job at all now that all the well paid industry has been replaced by branches or Currys, Tesco Express etc.... Noticeable is the number of men doing a traditional young family woman's part time jobs in Sainsburys etc... I find it truly worrying.