toosday tempura trading, page-75

MonkeyDex, I agree with you on the bubble of bubbles. I'm scared for anyone who owes more than 50% of the value of their real estate holdings because we could very easily see house prices halve from there peaks imo. If you owe more than 50% and prices are cut in half, negative equity is a nasty problem to have. I hope it doesn't happen but I could see a few banks taking advantage of get cheap real estate if that were to eventuate.

Before anyone says it can't happen, take a look at the prices of the very top end of the house market in Oz. Whenever a dump is coming, the top end always gets hit first.

Back to the world indices and they all seem to be finally playing the pullback game at least. As always a 38-50% pullback (daily time frame) of this rally would be healthy for the bulls.

I'm looking for a peak tonight to try and hold a short for a week or so.