Reply To: Spanish Real Estate Bubble bursts

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Anonymous
Participant

So far today, the IBEX35 is down 2.24%. This is the Spanish stock market’s main index, a bit like the Footse in London.

It’s carnage today.

Some property-related stocks this morning:

ACS –4.17%
Lots of banks down between 2 and 4% (mortgage exposure, lending to developers)
FCC –5.04%
METROVACESA –3.65%
SACYR –5.74%
INMOCARAL –11.27%
INMOCOLONIA –13.17%
FADESA –11.06%

I wonder where this is going to end?

Mark