For Bulls, Bears and Birkins. One finance girl's musings about what's going on in the market and the mall.
Wednesday, November 7, 2012
Election's over - move on!
Finally this election is over and we can go back to speaking amicably with our friends on the other side of the aisle. And while I won't bore you with my own political ideology, it's fair to expect two things: higher taxes and an accommodative Fed. It means the jury's still out on how the stock-market behaves longer term. That said, I am confident that US housing is fast recovering. I know I've been talking about the US housing recovery ad-nauseam but I'd actually venture I've been too conservative. In fact, it's only recently (in my own scramble to purchase in the US) have I realized the pace of the recovery. Likewise, I have been unpleasantly surprised to realize that the mad dynamics of the HK property market have found its way to US. That means you'll be competing with a glut of wealthy Chinese buyers happy to pay all-cash!! Wish me luck.
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