My accountant told me on Tuesday... and I quote "there is a wall of money taken out of the Markets over the last few weeks waiting to be re-invested into property now that interest rates are going down" " The people who sold over the last few weeks are mum and dad investors with self styled superannuation funds and they sold because of blind terror" His reasoning behind this is that it couldn't have been institutional selling because of the low volumes. I told him that he needed to look up the term margin loan. I am seriously thinking about changing my accountant.
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