With the market taking another battering, would it be safe to say the boom is over? My UBS property fund has almost wiped out 2 years of gains in the space of 2 months. The all ords are still high, and I would say we have plenty of room to fall in that index. What are peoples feelings here? Where is your gearing at? Are you taking any action for tour new outlook for 2008? Lowering LVR etc? Or closing up shop and going into fixed interest? Now all we need to see is residential property getting spooked and then we will be in trouble.