I think retail investors are stupid. Professional investors are forced to invest SOMEWHERE because of the rules on restricting cash holdings.
By way of anecdocte, the same people who were telling me to buy a house in 2007, gold in Feb 2008, financials in April ("the bottom is in") are now telling me to buy oil.
I work for a land banking firm, selling plots of land for investment purposes, i speak to about 300 people a day and everyone is telling me they cant think of a worse investment at the moment, "don't you know what is going on in your industry, the housing market is collapsing, and you want me to buy land. you must be joking" so they tell me. Whats the share price of the homebuilders got to do with the rising cost and the price of land? their share price has been devaluing for AGES not their land banks, the government need to build 3.2 million new homes by 2020, there is a housing need and inadequate supply. you guys are all talking after the fact. the share price has been coming down for AGES, and now the press is hyping it. when the general public who are all 'experts' start giving me 'recommendations' i know i should be looking to do the opposite, because they are nearly always wrong, you may not be buying land from me for irrelevant reasons, but i will definitely hedge myself against your ridiculous stock recommendations, Taylor Whimpey strong buy recommendation from me, surely you cant all be right, the herd are never right, check the volume of trading activity over the past few weeks the herd have been coming in in droves....
FAT CAT The stock market will go lower I've made my money thousands in months time to relax and watch the market it just like fishing good luck you guys.
Yesterday, Taylor Wimpey shares were worth just 9 percent of their value a year earlier. 
8 comments:
Down about 40 percent yesterday.
The capital window is closed. This is really going to bite in the next month as the Q2 audited returns come in.
So far the process with losses has been: hide -> raise capital -> writedown.
Without that middle step, we are left with zombification or insolvency. Expect the stock market to crash accordingly.
Nick
I'm expecting stock market falls... and, now, FTSE100 is up... only about 1% - but it does make me wonder if the investors are lemmings or stupid.
I think retail investors are stupid. Professional investors are forced to invest SOMEWHERE because of the rules on restricting cash holdings.
By way of anecdocte, the same people who were telling me to buy a house in 2007, gold in Feb 2008, financials in April ("the bottom is in") are now telling me to buy oil.
Nick
Not a bad idea buying oil. I have just done so - 1001 litres, up 25% from six months ago. All I have space for.
Problem is I will burn it all too quickly in the winter...
Dave
I work for a land banking firm, selling plots of land for investment purposes, i speak to about 300 people a day and everyone is telling me they cant think of a worse investment at the moment, "don't you know what is going on in your industry, the housing market is collapsing, and you want me to buy land. you must be joking" so they tell me. Whats the share price of the homebuilders got to do with the rising cost and the price of land? their share price has been devaluing for AGES not their land banks, the government need to build 3.2 million new homes by 2020, there is a housing need and inadequate supply. you guys are all talking after the fact. the share price has been coming down for AGES, and now the press is hyping it. when the general public who are all 'experts' start giving me 'recommendations' i know i should be looking to do the opposite, because they are nearly always wrong, you may not be buying land from me for irrelevant reasons, but i will definitely hedge myself against your ridiculous stock recommendations, Taylor Whimpey strong buy recommendation from me, surely you cant all be right, the herd are never right, check the volume of trading activity over the past few weeks the herd have been coming in in droves....
you would have doubled your money already buying Barratt developments/homes over the past two weeks amidst all this gloom.
Not as a short seller or standing aside waiting for everyone else to be optimistic. Actions like this don't make money...
FAT CAT The stock market will go lower I've made my money thousands in months time to relax and watch the market it just like fishing good luck you guys.
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