"Theres so many red flags for me :-civil unrest (BLM, riots, covid)-POTUS election-FOMO getting crazy and blowing off the top (shorts squeezed)-stimulus deal with Congress struggling to pass-theres been no profit taking / small correction in months. -everythings going up. fundamentals are stuffed. relationship between risk on & risk off investments broken"
Add to all that:
- Unemployment
- Debt/no savings/early Super withdrawals
- Bankruptcies
- Mortgage delinquencies
- Extreme PE ratios
- Possibly the most inept crop of Politicians ever seen worldwide generally and in Vic in particular
- Afterpay and Xero are now ranked 16th and 28th respectively on the Australian bourse. Its going require some very good numbers at some future time to justify that.
https://www.marketindex.com.au/asx-listed-companies
While I'm at it why doesn't that megalomaniac Mad Lockdown Dan have a crack at the premiership. He'd run Australia proper... A looney's lunatic and a man for our times. Covid hasn't caused the problems, the lockdown reactions to it have. Statistically, the Covid deaths (tragic and sad though they are) are a mere blip compared to deaths from obesity and other causes.
Things have never been so good, no reason at all why everything shouldn't keep going up.
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