Sorry I've been wrong for the last couple of years, really sorry. No I mean it, sorry I have missed all those good returns by making the wrong call. My view is that valuations might come down if earnings slow down and businesses, govts and people start having trouble repaying their loans. I try not to get excited by every little up and down in the market.
But if commodities are a leading economic indicator maybe things will slow down but valuations might be underpinned by historically low interest rates and loose money, so who knows. I don't like to see people lose money but I would like the opportunity to by good companies at much lower prices. Property as well for that matter.