I get a feeling - just a feeling - that the markets are beginning to get to some sort of stability.
A friend tells me he thinks the same. The markets have discounted how awful 2009 is going to be, but interest rates here will soon be in the lovely Winchester Whisperer's ZIRP zone.
So looking forward, FTSE in the 4000 region is a strong BUY.
Don't think the crunch is having much of an effect on Romania.When we started we were paying about Eur 500-600 per hectare - that was about 20 months ago. Admittedly for a very good bit of land, we've just paid the equivalent of Eur 2000 per Ha. And sheep prices are up....