It's a Boom

This is my first bull run since graduation, not graduation from my masters but my bach many years ago. I have just realized we have been in a recession for the last friggin ten years since property market crashed in 1997 after hitting a high in 1995/1996. I didn't have any money to play the market in 1995. I didn't have any money when people are queuing up for a unit in a new property launch. I didn't have any money when the real estate agents were selling units bookbuilding style. I didn't have any money when the the internet bubble came and blew up. I didn't have any money when the tech stocks were winners. I didn't have any money when the global emerging bond markets were giving great yields that Goldman's BRICs aren't even giving now.

Finally, it is here. I am going to play.

``In a bullish market, just leverage, the hedge fund managers said.'' Mr Phantom of the Opera said.

``So you would play the property market and not the stock market. Why so? You get the same leverage.'' I asked.

``You don't get the leverage.''

``Well, I can long City Dev with a 9x leverage,'' I said. ``The dividend yield will pay my interests.''

``You can? But you have m-t-m risk. At 3.5 percent over swap rate, you are paying twice the interests.''

It will be an exhilarating ride. I love it.