Sell your shares now!

[Hampster Gull]

Don't go near the Rand. It's put on almost an entire Rand to the Pound in a little over a week.

I'm not a currency speculator. I just went on holiday there and realised I could have had 10% more sauvignon blanc if I'd waited a month.

Ha. I just got back too and its moved from 20 to 21 i think. Really good value for us down there. Where did you go?

 

[jakarta]

Safe bet the Euro. Too much instability in the UK with Cameron's Brexit nonsense.

I agree that the Euro is a safe bet, but probably not in the way that you do Herr T!

 

[gregbrighton]

I reckon the property market will crash soon. Sell and sit for a while (rent or move in with parents) then you will be quids in soon enough.

 

[Prince Monolulu]

Trap 4 at Romford

 

[jimhigham]

Ha. I just got back too and its moved from 20 to 21 i think. Really good value for us down there. Where did you go?

Arniston near Cape L'Agulhas and Cape Town. Paradise. You?

Took my mind of my evaporating ISAs

 

[Hampster Gull]

Arniston near Cape L'Agulhas and Cape Town. Paradise. You?

Took my mind of my evaporating ISAs

Very nice . Went to kruger park and cape town also

 

[Justice]

I reckon the property market will crash soon. Sell and sit for a while (rent or move in with parents) then you will be quids in soon enough.

House prices are so false it has to crash sooner or later. Shitty terraced two bedrooms are going for 320k round my way and the mugs are buying them.

 

[jimhigham]

Very nice . Went to kruger park and cape town also

I adore Kruger. It's where the whole rhino thing began for me (see avatar, signature, etc)

 

[Pretty pink fairy]

Invest in the Euro
regards
DR

 

[Billy the Fish]

I reckon the property market will crash soon. Sell and sit for a while (rent or move in with parents) then you will be quids in soon enough.

House prices are so false it has to crash sooner or later. Shitty terraced two bedrooms are going for 320k round my way and the mugs are buying them.

I might be having a woooooshh moment, but house prices aren't going to crash.

 

[Hampster Gull]

I adore Kruger. It's where the whole rhino thing began for me (see avatar, signature, etc)

Yes, a great beast indeed. We saw two lots of two. One set in the afternoon and another one night. They were very skittish in the afternoon, completely relaxed ar night

 

[Stat Brother]

Is this not all academic anyway.

Shirley the moment the 'fat cats' look like losing proper money the government will give them every last penny the rest of us have.

 

[Diablo]

I might be having a woooooshh moment, but house prices aren't going to crash.

Don`t bet on it.....Thats what everyone said in 2007

 

[Steve in Japan]

Does anyone else feel a bit manipulated by the media....Black Monday, Armageddon etc etc. Emotive language designed to make us tremble in our boots. And keep us suitably nervous.

 

[Cloughie]

Buy gold is my advice.

Mr T was years ahead of the curve

 

[larus]

Don`t bet on it.....Thats what everyone said in 2007

I've said for years that house prices are over-valued. Howeever, we have a chronic supply-side issue, and insane interest rates. The stock-market adjustment (which is a bubble created by QE, same as the US), is linked to the economic changes in China, and not the fundamentals of the UK. Look at the comapnies which have been hardest hit; Rio Tinto, Glencore, BHP. All natural resources, impated by the slow-down in China.

The real fireworks will start if/when the US raises rates. Then you will see real problems IMO.

 

[LamieRobertson]

I've said for years that house prices are over-valued. Howeever, we have a chronic supply-side issue, and insane interest rates. The stock-market adjustment (which is a bubble created by QE, same as the US), is linked to the economic changes in China, and not the fundamentals of the UK. Look at the comapnies which have been hardest hit; Rio Tinto, Glencore, BHP. All natural resources, impated by the slow-down in China.

The real fireworks will start if/when the US raises rates. Then you will see real problems IMO.

Doubt thats going to happen anytime soon

 

[larus]

Doubt thats going to happen anytime soon

And that's the root cause of the worlds economic problems. What 'ammunition' is left for the central banks now when the next crisis hits? Nothing, apart from currency devaluation (QE).

 

[The Maharajah of Sydney]

I'm not a financial investor but I have dabbled a bit in currency in the past. Funny how the Euro is up on almost everything except the Swissy. Investors around the world see the Euro as a safe haven? Unusual to say the least. Especially as the U.S. Interest rates are expected to rise, I'd have expected the Dollar to strengthen during market sell offs. However is it the type of sell off that's causing it. Tech firms seem to be taking the hit as its China that is slowing, commodities seem to be holding. So why the Euro rise? I haven't been following the markets over the summer.

Why is the euro strengthening as global stocks take a beating you ask ?

The three word answer : The Carry Trade.

Because of ECB interest rate cuts and QE, the Euro is cheaper and easier to borrow than virtually anything else.

Market participants have borrowed Euros and invested in higher-yielding assets or risky assets. Those assets are generally in other currencies - like US stocks.

And in in a market rout, investors cut trades back to cash and look for safety. So all the euro borrowing and selling is unwound.

 

[OzMike]

Or, conversely, the time to start hoovering up some decent shares at lower-than-usual prices.

I'm with this bloke.