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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.64

+1.9%

Feb 6 4:00 PM EST

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To: Sultan who wrote (46596)	3/5/2011 5:56:17 AM
From: Johnny Canuck	Read Replies (2) of 70611

Vancouver is like San Francisco, people know a major earthquake is going to hit at sometime but they hold their nose to get a "better location" close to downtown or the water or in the case of Richmond the bigger lots. I personally would not buying in Richmond and live on higer ground and solid rock. Unfortunately it hard to escape the effects on an earthquake no matter where you like here. Vancouver has a correction coming. After the last Asian influx leading up to the Hong Kong hang over prices rose quickly to only to correct (though only modestly) once people got their citizenship and figured out it was too hard to make money here. It is a nice place to live but the business opportunities are limited. At more that 70 percent of average income to just afford a house we need a decade or more of of flat prices and wage increases just to catch up to normal conditions or a major correction. Part of the buying pressure is China's wealthy look for assets worldwide to put their money into hard assets. We all saw how that worked out for Japan after their bubble burst.

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