http://www.ft.com/cm...0b5df10621.html
Edited by Tor, 24 April 2007 - 04:03 PM.
spanish property boom may be popping
Started by
Tor
, Apr 24 2007 04:01 PM
4 replies to this topic
#1
Tor
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Posted 24 April 2007 - 04:01 PM
That market was much worse than the UK and the US.
http://www.ft.com/cm...0b5df10621.html
http://www.ft.com/cm...0b5df10621.html
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
Mr Dev
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Posted 24 April 2007 - 04:15 PM
Sounds like the same old thievery found in our markets and around the world,, some things never change.
Steal Lie and Cheat to make their companies look like real producers and the stock buying public to make them rich.
I saw this 1-800-Got-Junk Truck driving around burning up expensive fuel... so I ask the guy what-cha got
... he said ... there's nothing in it. ( Sounds like the ZZZ-Best Carpet Cleaning Business,...wan't that Barry Minko? )
Now when it finally picks something up.... you mean to tell me it can make a profit against Wages, Ins, Fuel, Wear and Tear ..Plz.
Hmmm Mr Dev's a bit clinical today. 
Edited by Mr Dev, 24 April 2007 - 04:17 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#3
TTHQ Staff
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Posted 24 April 2007 - 04:30 PM
Hmmm Mr Dev's a bit clinical today.
Clinical....or cynical???
#4
Mr Dev
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Posted 24 April 2007 - 04:33 PM
Hmmm Mr Dev's a bit clinical today.
Clinical....or cynical???
HA HA !!freudian slip
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#5
Tor
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Posted 24 April 2007 - 04:41 PM
Should be Euro unfriendly.............I think this may turn into a BOOOYA on elevated stock prices, just a hunch however.......will see
Spanish real estate
Published: April 24 2007 20:54 | Last updated: April 24 2007 20:54
How timely it is to be reminded that dangerously inflated markets do not last forever. In the past few days, Spanish real estate has exhibited all the signs of a bursting bubble. While unfortunate for the owners of Spanish homes and property stocks, a popping sound should focus the minds of all investors in risky assets.
The speed of such corrections is always humbling. A week ago, developer Astroc Mediterraneo was the darling of the sector, trading at €45 per share. On Tuesday, following financing concerns, its share price is just €16. Amazingly, this still equates to a forward price/earnings multiple of 20 times. The sell-off in real estate has now spread into the local construction and banking sectors too. It will be interesting to watch whether investor panic travels to other pockets of property irrationality across Europe and beyond.
Edited by Tor, 24 April 2007 - 04:42 PM.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
