And why are recent highs important? Short-term thinking!
US markets are still at around 18x, so many people still reckon they are a bit overvalued - Australian markets are at 15x
A 5-10% fluctuation is really not that significant in the short-term. What's the long-term trend.
And some are going so what! And some are too busy building property and/or share portfolios to really care what the economy is doing in the short-term...because they're looking at the long-term.
Thommo, don't think like a day trader!
It'll give you ulcers & bad night, which is bad for your health - and if you haven't got your health, how will you be able to appreciate how bad things are getting
BTW I particularly appreciate the turn of phrase used in the Economist article - very sensationalist!
Not just the biggest rise in house prices in ten years but biggest rise in hourse prices
IN ITS HISTORY in the last ten years....
Is there an alternate history somewhere?
And:
SO the US is the entire world now! And if there is a fall in property prices in the US it means the ENTIRE WORLD is having a property bust!
hehehe - I think not!
Interesting how the Economic Editor (emphasis on Editor, not Economics....) claims property prices have a bigger impact on economies than the stock market....frankly I don't see much evidence of this. Property prices go up, property prices go down - people still live in houses....share prices go down & people sell them.
Cheers,
Aceyducey