to Hilldweller: you always make valid comments. why then do I disagree with you on this one?
because there is an overall assurance of no rise in interest rates for quite a while yet. hence, the bubble is not any more a housing bubble or a share price bubble, it's quite simply a credit bubble. never in history has everyone, from the ordinary householder to the largest corporations, yes even nations such as the US, been so heavily overcommitted to a cycle of debt.
in the hope of eventually, trading their way out of it. personally, I can't see how that is supposed to work out, but in the meantime I am just a humble trader. if it goes up, I sell when I think it's gone high enough & if it goes down I sell a whole lot faster.
