bulls have no worries

likely scenario

  • yes

    Votes: 1 16.7%

  • no

    Votes: 5 83.3%
  • Total voters
    6
  • Poll closed .
luisHK said:
Politically Spain is much closer to flush its debt related engagements down the toilet and exit euro than Portugal, I wonder how the real estate market will react to a greek default in Spain, with Podemos holding mayor positions in the 2 main Spanish cities and advocating default.
Real estate might be cheap now in Spain but it will probably be even cheaper under the peseta.
More...

If Greek is able to turn corner after they default & devalue their currency, other may follow.
I doubt Greek can do any better without the free money from EU.
 
luisHK said:
Politically Spain is much closer to flush its debt related engagements down the toilet and exit euro than Portugal, I wonder how the real estate market will react to a greek default in Spain, with Podemos holding mayor positions in the 2 main Spanish cities and advocating default.
Real estate might be cheap now in Spain but it will probably be even cheaper under the peseta.
More...
it will never be the good old days when 1 dollar =190 pesetas and a small pension on the costal del so was 50,000 euros circa early 90's.
 
I sold some ATM QQQ July 107 puts down near the bottom, I expect atleast some kind of technical bounce but if it doesn't happen I'll ride it for a bit and then close. The position is hedged so I have some breathing room. If it pops back up I'll sell ATM calls.

I think there's going to be quite a few BTFD exercises that don't pan out for people. Remember this market is full of newer investors who've only ever seen a bull market. They act like 2000 and 2008 were just exceptions.
 
zdreg said:
it will never be the good old days when 1 dollar =190 pesetas and a small pension on the costal del so was 50,000 euros circa early 90's.
More...

Do you mean pension as a small hotel ? If so I guess you are right but small apartments in less trendy spots on the coast currently sell for this price (or so I remember from a recent trip there, too much Rioja might have blurred my memory).
I like Madrid and sometimes look at apartments/houses there, the market picked up last year it seems, with foreign investors coming back, but I'm afraid Podemos will dampen their enthusiasm. I'd feel safer buying in Northern Europe where there is less risk of a currency crash.
 
Last edited:
Future is up again which shows there are a lot of buyers waiting for BTFD. This also means the market may up and the down in the next few days, but in medium term it will shot up again.

Printing money rock.
 
Most stock markets have a pretty big gap from absence of liquidity in the beginning of this week, I am betting on those to be filled and then we will see.
 
You must log in or register to reply here.
Back
Top