5000 is too oversold. IMO it is oversold at 5500.
You are looking at PEs on blue-chips - which make up most of the ASX - of around 10 to get those levels. It would require a significant recession to cause that.
I see a slowing, possibly even a brief contraction, then a resumption of growth.
5000 is too oversold. IMO it is oversold at 5500.You are looking...
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