There's so many complex macro factors involved in the markets it's not as simple as stating higher interest rates and high P/E.
You know after every recent economic crash Australia ramps up it's immigration?, Kevin Rudd let in over 500,000 immigrants during the 2008 crash. This strategy couldn't happen in 2020 due to covid but don't be surprised to see it happening soon. Probably will happen after the election as politicians don't want to lose the votes of anti-immigration people. Literally every immigrant will be shopping at bunnings at some stage within arriving and settling and all other staple stocks will also increase.
Regardless of what I wrote above, majority of staple stocks can pass on inflation costs to their customers so as inflation goes up their earnings will go up.. there's a reason why people say don't hold onto cash during inflation.. yes stocks may drop in the short term but in the medium to long term it's better to leave your cash in and just wait rather than trying to time the bottom.
- Forums
- ASX - By Stock
- WES
- target 16 to 24
target 16 to 24, page-67
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WES (ASX) to my watchlist
|
|||||
Last
$70.38 |
Change
0.790(1.14%) |
Mkt cap ! $79.82B |
Open | High | Low | Value | Volume |
$70.25 | $70.55 | $69.64 | $79.86M | 1.136M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23 | $70.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$70.40 | 356 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23 | 70.350 |
1 | 320 | 70.300 |
1 | 5330 | 70.220 |
2 | 5330 | 70.160 |
2 | 5930 | 70.100 |
Price($) | Vol. | No. |
---|---|---|
70.400 | 356 | 1 |
70.430 | 6800 | 3 |
70.500 | 356 | 1 |
70.550 | 475 | 2 |
70.570 | 5330 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
WES (ASX) Chart |