Of course bud and there were no interest rate rises till 2024...

  1. 11,664 Posts.
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    Of course bud and there were no interest rate rises till 2024 remember? Believe you were on that band wagon too no offense. Never heard of a 2 year bull rally thru a recession have you? Our budget is anything but recessionary (energy costs going to the moon?) but again market isn't the economy right? Just look at the charts you always safe?

    Funny how all the experts and analysts in 2008 never saw the crash coming? That was the big catch phrase back then, it took us by surprise. Drink the Kool-Aid no problem but don't distort realty there is nothing good anywhere in the world and it going to get a lot worse before it gets better, as the earnings contractions show.

    Yes earnings are bad despite the ridiculous ramping, every analyst who is anyone agrees, really tough times coming. We as a country in a much worse state than the US, won't go into details but should be obvious why we might come out the worst. Careful believing the Bull line bud, bulls might be disappearing again for a while when reality (fundamentals) hit.

    P.S. I only tell you this because I actually like you and enjoy reading your posts. But there isn't one green shoot anywhere ATM. Funny how all the other major banks are raising interest rate targets and the terminal level substantially? CBA will follow just as our infaltion target is being raised constantly. But maybe infaltion is transitory right?
 
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