Well it is the old saying When the tide goes out you get to see who has no shorts on. BBQ topic in Perth is all doom, house prices down end of the world and learnt this week that 2 friends look like going under business bust etc. BUT hang on a minute everything goes in cycles when times are good people blow it, cars holidays good times never gunna end. No plan B The media were hyping it up, now daily trotting out experts of doom. Trump has certainly unleashed a wave of hatred from the vested interests and the loonies. But I am an eternal optimist, jobs, growth momentum is all on rise sure the market for specs is suffering but to be honest most of the H/C darlings are absolute CRAP. No earnings, single projects, blue sky hype and in times like this they sink back to where they belong. Personally I think it is a great time to be selectively picking up good companies mid cap and in the spec field.
Everything goes in cycles I have survived 3 Perth property booms and 2 busts and the common them is. People think the booms will never end and when the busts come they think it will never end. But they do.
