The best thing since sliced bread....

The property market is getting so boring these days. We went and saw a few houses these past two weeks. The agents came across as more confident. Not sure if this is such good news for the "distressed" buyers out there. Unfortunately, I am one of them and am starting to sound like a broken record. The fact is there are plenty of people out there with enough money to keep the market afloat. Just this week, two of my colleagues have decided to take the plunge and upgrade. It does feel that the market is thawing.....Ouch.....

On the other hand, things are actually getting better elsewhere. The short selling ban on bank has finally been lifted. Another interesting bit of news is we may get to bet (via futures) on the Australian property market. This new "product" is expected to be available in Aug/Sept. Can't wait to read the specification of the contract. You can guess which side of the trade I will take....

Turning to the stock market, suspect we are arriving at an interesting juncture. Now we really need data to proof that the world is indeed getting better. One suspects merely stabilising is no longer enough. Green shoots may no longer be enough. We may need a solid oak tree in its stead if the market is to push on from here. Hold on tight. Suspect the easy money has been made for now. Or at least, we are getting close to the temporary peak for now....