Actually no its called basic economics 101 if you actually had of done some further education you would know what I am talking about but "covid traders" and their social media lol:
"Just because we've had stupid monetary policy from governments, doesn't mean markets remain stupid forever"
Quite right the fact we are in a massive bubble in both markets and the property market won't last. I can't agree more will all come back to earth fast and hard. Why would anyone think we are going to not only hold onto market gains made during the covid years but go higher when it was based on zero interest rates and virtually umlimited money printing?
That stupid Govt monetary policy is coming home to roost and then some. Why we have an impending deep recession incoming? Europe and New Zealand already in one? Whether we like it or not valuations and P/E's are way too high and we are going to see a lot of pain soon. BTW have you heard of Tom Lee there's a bull divorced from reality:
"We'll discuss this more when we have inflation sitting at 0% & the rba rushing to cut rates again at the end of the year if they keep raising rates"
The markets haven't been pricing in rate cuts and pauses? lol. You need to listen more maybe not stare at those charts so long? hehehe. Think you find the so called rate cut/rate pause ramp has been going on for months and you bulls still getting that wrong? But like I keep telling you the longer they manipulate the market the bigger the crash that follows.
P.S. Australian interest rates going to play serious catch up with the rest of the world soon enough. Then we will discuss this in detail lol.
(20min delay)