"Theres so many red flags for me :-civil unrest (BLM, riots, covid)-POTUS election-FOMO getting crazy and blowing off the top (shorts squeezed)-stimulus deal with Congress struggling to pass-theres been no profit taking / small correction in months. -everythings going up. fundamentals are stuffed. relationship between risk on & risk off investments broken"
Add to all that: - Unemployment - Debt/no savings/early Super withdrawals - Bankruptcies - Mortgage delinquencies - Extreme PE ratios - Possibly the most inept crop of Politicians ever seen worldwide generally and in Vic in particular - Afterpay and Xero are now ranked 16th and 28th respectively on the Australian bourse. Its going require some very good numbers at some future time to justify that. https://www.marketindex.com.au/asx-listed-companies
While I'm at it why doesn't that megalomaniac Mad Lockdown Dan have a crack at the premiership. He'd run Australia proper... A looney's lunatic and a man for our times. Covid hasn't caused the problems, the lockdown reactions to it have. Statistically, the Covid deaths (tragic and sad though they are) are a mere blip compared to deaths from obesity and other causes.
Things have never been so good, no reason at all why everything shouldn't keep going up.
(20min delay)