Sector Lead - The spec resource stocks are doing well for me thanks. Are you implying that the whole junior mining sector being obliterated means stay away from it? I say it means jump in there. Some I buy long term and some I trade, and so far I have been doing quite well, and its all cash and all liquid too - good places to be in this kind of economic climate IMO.
Care to answer my questions perhaps? Or do you agree that those statements are a just few that can destroy any argument that property is the place to be right now? I could go on all day of why the real estate market in Aus is one to steer clear of. I do plenty of research in to property, and that is why I still do not see it as a safe place to park leveraged money right now, who do you think will be buying these houses when they keep going up? Wages will not continue to grow at the rate they have...so who will buy these houses?
Don't get me started on the "land shortage" Has anyone every noticed we have roughly the same size land mass and North America and 1/15th of their population and I don't hear them complaining about land shortage, California alone has 1.5 times the whole population of Australia! Most outrageous comment I have heard.
I love how people go with momentum of a market that has made it's big move, then when it has a large correction they say "nobody saw that coming" yes they did...and those people moved their money in to other asset classes that are undervalued at that current time.
