Weoo, weeoo, weeoo. Following its recent real estate spruikfest, The Pascometer is back with an excellent missive declaring the global rout a buying opportunity:
“Those who wish to panic are welcome to do so; it makes those who are happy to buy when they see value, a little richer.”
I guess that means we’re going lower.
Aside from the very obvious logic of doing the opposite of whatever Michael Pascoe says you should, I have no idea whether markets are going to accelerate into a major bust right here. What I am confident of is that it is going to happen in the next eighteen months or so.
As such I’d be waiting for the main game (either now or later) before taking The Pascometer’s money.
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