Global recession whatever that means will cause those holding...

Global recession whatever that means will cause those holding highly over valued ASX stocks to consider selling.

I suppose CBA holders might think about it but most will just sit back.

Pitt Street Research value BRNASX at $1.59 a share. Let us be ultra conservative and knock this in half because of the Global Recession and round it down to 75 cents a share.

It looks like 18 cents will still under value BRNASX. I don’t think it’s time for me to panic.

What I remember well was the same commentators in the media the last time they were predicting global recession were spreading their terror based on the fact that Central Banks had nowhere to go with interest rates because they were so low they would have to go into negative territory to stimulate the economy.

Guess what interest rates are now at a level where Central Banks can pull the lever to manage the economy out of recession but these same commentators are happy to ignore that fact this time round.

My opinion only DYOR

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