MQG overvalued in the current market, page-68

Another big drop this week; a > 3% drop often signals or cements a change in market direction; S&P had > 4.3% on Tuesday; the drop is in line with the second down leg theory that I am loosely subscribed to; central bank induced slowdown/recession to drive inflation to target range; markets not turning until the central banks turn and if the central banks ease off too soon then bear market extends via another bear market rally. I guess we are probably still months away from a bottom. Market turned down Jan 21 so 12-18months from here puts us into 2023. However buying either side of the bottom is still ok for good quality stocks like MQG. It should be higher than current levels in future.