Unfortunately, right now there are reasons to doubt everyone. The people crying bubble may be correct this time, but have they been wrong for long enough to stop taking them seriously? Inflation was transitory, then it wasn't, and now it's the only thing people are talking about. A trusted figure like Hamish Douglass has investors rattled with his inability to read markets since the covid-stockmarket bounce, while the sudden drop in Chinese equities has many questioning whether investment managers are adequately assessing risk when talking up growth stories.
MFG Price at posting:
$18.51 Sentiment: Buy Disclosure: Not Held
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