Market issit bad now?

[exxondus]

Time to start selling all my watches n hold cash!

[leslie]

Agree with your guys sentiments. Have been holding cash for a year now. Though losing few percents to inflation. Better than kana whacked 50% by downturn. Been through that in 2008

now i scared alot of ppl thinking that inflation eating up their money and start borrowing heavily at 1% interest to speculate in properties. if anything weird comes along straight up lorry.

[leslie]

Time to start selling all my watches n hold cash!

not serious until like that lah. watches at least bought on cash. not like condos when you loan kao kao go buy.

[exxondus]

not serious until like that lah. watches at least bought on cash. not like condos when you loan kao kao go buy.

Sell nw wait for people to sell cheap later mah

[leslie]

Sell nw wait for people to sell cheap later mah

haha. good idea also hor. economy bad watches cannot move also. got firesales?

[Dfive]

The Stock markets going to go down for the worst in OCT/NOV this year... watch this space.

[danheng1]

Amazing thing is, even with the depressed market situation, properties price still shows no sign of cooling down. Now to buy a property need two generations to pay off.

[leslie]

Amazing thing is, even with the depressed market situation, properties price still shows no sign of cooling down. Now to buy a property need two generations to pay off.

this is caused by cheap credits plus interest rates. imagine 1% rates. if 5% then alot of ppl jia lak liao.

[leslie]

The Stock markets going to go down for the worst in OCT/NOV this year... watch this space.

stocks up buy low volume leh. who is pushing up the stocks?

[mobile22]

Stock market is high now... but supported by low volume and that could be a sign of trouble ahead... This year got few "feel good" events like London Olympics and US elections... after these 2 events are over, the market is likely to drop...then followed by economy and the property market... watches a bit unpredictable actually but I do notice that these few months it takes longer to sell watches in general. Resale prices for watches hasnt really drop actually and it may or may not...anybody's guess

[leslie]

Stock market is high now... but supported by low volume and that could be a sign of trouble ahead... This year got few "feel good" events like London Olympics and US elections... after these 2 events are over, the market is likely to drop...then followed by economy and the property market... watches a bit unpredictable actually but I do notice that these few months it takes longer to sell watches in general. Resale prices for watches hasnt really drop actually and it may or may not...anybody's guess

bro. the last crash in 08 was just after olympics. watches prices never drop but ppl will drop asking prices after waiting for weeks without offers. just like house valuation. once ppl waited for months and cannot sell. then after than asked lower prices then valuation drops also.

[patrickmaniac]

I duno if this may sound contrary but look at the number of Beemers, Merc, etc on the roads.
I see more people buy now when the price goes north, then south. A $180k C180 is considered "cheap" now.
For comparison, a 320 is now almost double the price than in 09.

Market bad? hm.....

[leslie]

I duno if this may sound contrary but look at the number of Beemers, Merc, etc on the roads.
I see more people buy now when the price goes north, then south. A $180k C180 is considered "cheap" now.
For comparison, a 320 is now almost double the price than in 09.

Market bad? hm.....

bro. that is the power of cheap credits. banks here are never so willing to loan out money in big amount in history comparing to these few years.

[mobile22]

For cars, its partly due to COE... now Camry selling 160k so people rather top up 20-30k to get a Merc or Beemer...
The high COE has made entry to mid level cars expensive and the higher end cars cheap in comparison...

[ac_wong75]

Another School of thought is cheap credit and low interest rates could be here to stay if the markets travel south. This is like the lost decade in Japan where the interest rates are low to prompt the companies to borrow to invest,but with bad sentiment, no companies want to take the risk to borrow. QE3 from the US will flush more money into the systems and thus holding the rates down. Vicious cycle really.