Jack Robertson - Ex MNS, page-191

Disagree mate... There's alot of crap stocks on the ASX which saw a 10%+ rise today based on no fundamentals at all...

Did you see this headline today ? "The stock market is poised for a strong 2nd half of 2022 as the US economy avoids a recession and inflation gets cut in half, JPMorgan says"

But a few days ago Morgan Stanley said "The stock market hasn’t priced in a recession just yet. If it does, the S&P 500 could fall another 23%, Morgan Stanley says"

Majority of the market's are runnd by bots and algos and us fools think it's a good time to buy because seeing a spike in the share price validates our pre-assumption decision. "Confirmation Bias"...

The Bears make money, The Bulls make money but Pigs get slaughtered.

I think waiting for more ANN's, seeing 100% competition and seeing breakdowns on cashflows and contracts would be a sensible option or else I believe 95%+ of us are just purely speculating and assuming we are "Investing"...