organics1
New Member
๐จ๏ธ 216
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December 2006
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Doom & Gloom, by organics1 on Aug 10, 2007 16:54:41 GMT 1, Hi All,
I know this has been talked about before but I've read two reports today that don't give me much confidence over the coming months
www.fool.co.uk/news/property-home/2007/08/09/house-prices-start-to-fall-in-london.aspx?source=ioowftxt0010011 
** World shares fall on credit fears **
World share prices continue to slide in a second day of big losses, amid fears of a global credit crunch.
news.bbc.co.uk/go/em/fr/-/1/hi/business/6939757.stm 
Do we really think those Hedge Fund Managers and Art Investors will be buying up art after there summer hols or will they have bigger things to worry about. I just hope we've all bought our art because we like it and not to make a quick buck. Especially those who have speculated by making big ticket purchases 
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pw
New Member
๐จ๏ธ 308
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October 2006
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Doom & Gloom, by pw on Aug 10, 2007 17:06:12 GMT 1, seriously dude you gotta think positive.
the stock markets are undergoing a correction. theres no doubt about that, but it happens all the time and the general state of the global economy is pretty good with companies posting good profits etc. and we're still below the market highs of 6 years ago.
the markets in a period of uncertainity cos noone knows exactly which companies hold the liability for the subprime mortgage mess so all companies are suffering. but as soon as thats figured out, the markets will find stability and start to build again. alot of serious traders enjoy periods of uncertainity like now cos it can mean picking up undervalued stock.
seriously dude you gotta think positive.
the stock markets are undergoing a correction. theres no doubt about that, but it happens all the time and the general state of the global economy is pretty good with companies posting good profits etc. and we're still below the market highs of 6 years ago.
the markets in a period of uncertainity cos noone knows exactly which companies hold the liability for the subprime mortgage mess so all companies are suffering. but as soon as thats figured out, the markets will find stability and start to build again. alot of serious traders enjoy periods of uncertainity like now cos it can mean picking up undervalued stock.
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EHC
New Member
๐จ๏ธ 366
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October 2006
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Doom & Gloom, by EHC on Aug 10, 2007 18:55:58 GMT 1, I honestly think the only artwork that will be affected in a major way would be those that are in the upper echelon that probably doesn't apply to most of us. Mostly the ones that are in the six figures and up will be hit hardest. I think the great thing about the art scene today is that there is one that is independent of the "fine" art world. "Street art" or whatever you want to call it, with the exception of a handful of artists, the prices are dictated more by supply and demand than pure speculation and as an investment. On the most part, prints and even some originals are all still pretty affordable.
I honestly think the only artwork that will be affected in a major way would be those that are in the upper echelon that probably doesn't apply to most of us. Mostly the ones that are in the six figures and up will be hit hardest. I think the great thing about the art scene today is that there is one that is independent of the "fine" art world. "Street art" or whatever you want to call it, with the exception of a handful of artists, the prices are dictated more by supply and demand than pure speculation and as an investment. On the most part, prints and even some originals are all still pretty affordable.
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