A boom in the building of super-tall residential and commercial towers is underway – and it may signal the end of the bull market. At least that’s the thinking underlying the so-called “skyscraper indicator”, which today’s article explains is based on the fact that “In the past, the completion of record-high skyscrapers has been the proverbial bell that rings at the top of the market” as the same “peak hubris” infecting investors also infects real-estate developers. For more, CLICK HERE.
The “Skyscraper Indicator”: Does The Super-Tall Building Boom Signal The End Of The Bull?
- by Bob Mitchell