Lots of good points esp from Stefanis. Interesting that WES hit 37.90 today b4 falling away quite strongly and then closing breakeven.
"None of us should underestimate the amount of money flowing out of cash deposits and into the market. The ASX is trading on a market PE of 14.5, if this returns to pre GFC levels of 16 and above all boats including WES will continue to rise."
Stefanis are u sure there is such a strong cash transfer across into shares? I know interest rates are low, and falling, but am surprised to read that large amounts are entering into stks. I consider 14.5 a highish PE for normal-goodish times... but waay too high for the uncertainty in the world today. Risk of another GFC remains imo.
where to from here, page-15
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Last
$70.92 |
Change
0.720(1.03%) |
Mkt cap ! $80.43B | |||
| Open | High | Low | Value | Volume |
| $70.63 | $71.17 | $70.49 | $68.58M | 967.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2935 | $70.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.94 | 3898 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |