Asset/Stock prices are a derivative of the debt market. When there's a lot of cheap money/debt around this creates liquidity that moves to assets/stocks and prices go up and bubbles are created/inflated further. This will continue as long as central banks can pump new money into the system. At the moment inflation is high and rising and liquidity has dried up. A new crisis is orchestrated in Israel and a reason to pump new money is created but I'm not sure it's going to work. Perhaps they need a World War or a new pandemic to reset and start again.
General discussion (MEI), page-3404
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $263.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $1.095M | 9.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2371982 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 441163 | 7 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MEI (ASX) Chart |