i don't think the economy is bearish given the last two years. I am shocked how well the world economy is performing. I tend to think inflation might have the effect of raising profits as price increases. Companies at the end of the supply chain will make larger profits as prices come down which could create another boom.
We will likely have a bust but it should be very quick unless market sentiment doesnt recover and housing prices remain high.
BHP price is right where it should be but the litigation is going to be challenging.
I am the contrarian indicator you should see all the hate speech I have received on hotcopper.
BHP $25 by FEB, page-32
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Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13572 | $42.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.70 | 457 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |