XJO - Bear Posts only (Factors which might cause the markets to fall), page-17908

$70B Mcap now? lol This will be a good one to short when the crash happens, but there are plenty more.

	ASX Code	Company Name	P/E Ratio
	PCX	Pengana Global Private Credit Trust	20,500.00
	VGB	Vanguard Australian Government Bond Index ETF	6,883.82

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Thank you for this (quite superfluous) proof that the financial awareness of the masses is near zero.

Lemme get this straight, Lord Calidus.
1) You actually believe that when the crash happens, the way to profit is to short an ETF whose only assets are Australian Government bonds, particularly at a time when we are at or nearing the top of the interest rate tightening cycle.
2) You actually believe that the P/E ratio of this ETF is 7,000. Where do you even find these BS numbers. PE is actually meaningless for ETF's. ETF's are pass through trusts, they are not companies. The nearest thing to a PE for an ETF is NAV divided by Operating profit. In the case of VBG, for the FY 2024 (from the most recent Financial Statements):

NAV = $1,597,672,000 Operating Profit = $49,010,000





for a 'PE' = 1,597,672,000 / 49,010,000 = 32
the reciprocal of which being 1/32 = 3.1%
add 0.2% MER and guess what? Australian Government Bonds Yielded approx 3.3% last financial year. (what a scoop!)