Yes it's a bit hard to know where to from here. I am largely cash and missed out on the 50% recovery that has already taken place. Perhaps we will face another leg down once the earnings reports come in. However my feeling is the vast swaths of cheap cash on offer will inflate the market no matter what, most likely property also. The illusion of growth through debt must continue for capitalism to survive.
Ann: Becoming a substantial holder - Tiga Trading Pty Ltd, page-83
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