Hi JMBroad
On 24 jan 2008, Robert Prechter from Elliot Wave International ( according to bloomberg tv the man who has predicted with success in the last decades several bear markets in stock exchange) , after analysing several indicatores, said stock exchange markets will enter ,with ups and downs ,in a bear period.
He advises investores to give up high profit investments and look for safety investments. Property investments are normally considered safety (at least that is what happened in the past), specially in those regions that the price are low.
In my modest opinion probably we will not have to wait too long to see the property market recovering
Best regards
Luis
|