Thursday, July 8, 2010
How many bubbles?
There has been much discussion recently that the Australian housing market is 30% or more overvalued and is a bubble. However, recently, a respected stock analyst says that the stock market is way over valued, and that the Dow will drop from 10,000 to 1,000 soon. If that is the case, it is better to be in property than stocks (although cash may be better still!)