..remember what I told you about those so called blue chip stocks that you think or you were sold that they would do well just by holding long term.
...Lend Lease price has dropped 58% from its Aug 2018 peak and now back at levels last seen in mid 2013! 9 years of going nowhere.
This one has already shot below Covid lows and could be heading for GFC18 lows.
Buy and Hold long term is not a panacea many mainstream would have you believe.
They are cyclical, that means they go and when they do they go up a lot, but when they go down, they go down a lot too. Sell at the peak of the cycle.
As for BHP, its fortune is tied to iron ore which is tied to China. If you believe China has entered a new era of much slower growth, then you have to think BHP's cycle has or is peaking. If you believe we will get a recession, which causes demand destruction, then iron ore price would have more downside. But BHP is holding because the commodities cycle is being held up by the war in Ukraine which could exacerbate minerals shortage...if it wasn't for the war, it would be a lot different for BHP, WDS, WHC and the like.
