im in your camp .. xjo to retest 6400 - 6500 area.
my thinking based on china relaxing covid rules meaning there economy becomes swamped with covid problems and growth slows dramatically ( not that we will ever know lol from official figure's)
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Hmm - I guess who would invest in Apple anyway :) ?
Volkswagen has currently a forward PE of 4.3! - but then, who would invest in Volkswagen?
Mercedes Benz (the car company) is currently going for a forward PE of 5.4, and DTG (Daimler Trucks, incl. some military gear) for 9.3;
Now - this is cheap. How much cheaper do we think it will get?
I guess - sure, it may, but where is the borderline between caution and outrageous greed?
ASX not off to a good start for 2023 …down 1.7% at one stage
Yes I filled the freezer today with $4 whole chickens from Countdown. Not sure if just christmas overstocking or what?
However apparently the bond guys are the gurus and with NZ and US bonds approaching all time high yeilds again maybe they see something else.
economists and traders currently think Fed will cut in 2023
That's based on their view that we will be in recession but that mayn't happen but inflation going much below FED rates may be a factor for that to happen ...still its a 50/50 call ...will also depend upon how high they go now ....if really to 5.25-5.50% then more chance ...