Most people think the ASX200 is way overpriced but I am betting on a correction not crash. I cannot see a crash until after the US election, post Nov 2020. I am betting on a correction after reporting season from an event like a bomb taking out a US embassy in Israel, a navy clash in the South East seas,etc. I am targeting resources as I believe the low interest rates will squeeze banks margins and the potential upside for banks is diminishing. I totally get that we are all time highs and investors are nervous however the fundamentals that are driving the market are still there, low interest rates. My greatest fear is if the overseas investors abandoned the Australian housing market, or the government start taxing boomers with too many properties. I see much greater risk in housing market than share market, but that what makes a market, different ideas.
