"Blip"
Courtesy of Callum Newman:
"Are you getting excited yet? You should be.The big drawdown in Aussie stocks is making a whole lot of shares look crazy cheap.
I have to hold back the temptation to load up all at once.I saw a statistic that said the Aussie market, including dividends, was down 6% in the ‘22 financial year just gone.
Someone reading a history book 10 years from now will likely shrug that off as a blip.The reality for many investors and traders is much, much worse.
The last six months have been some of the most difficult I’ve encountered.Good news didn’t matter a damn, mostly. Many stocks are down 40–60%. Some more, some less.
You know the reasons: inflation, rising rates, war. Here’s the reality check. None of these things are unique in the history of shares.We’ve seen them all before. None of them stopped the relentless march of shares higher over time.
I don’t see why the next five years will be any different. All I really see, from a distance, is cheaper entry points everywhere.Could the market have one more leg down? Sure.In fact, that’s what I expect, rightly or wrongly.
But you and I aren’t looking to hold a stock for the next three months, right? By buying now, we want to know what we might achieve in 2023 or 2024."
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Mkt cap ! $2.970B |
Open | High | Low | Value | Volume |
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