Be careful you're not adding words to my post. I am not forecasting a market correction - in fact I'm not attempting to forecast anything the market may do. I gave that away years ago after getting it wrong more than right. My investment strategy is an old and simple one. Regularly put money into well managed profitable companies that offer value. Or put money into ones that are not of such quality but I still believe offer value. A lot less money in category two. If the new normal for category one is PEs of 25 plus than i'm currently unable to stomach that sort of risk reward ratio. Do I think the market will correct violently, soon or flat line until profits catch up with prices? I haven't the faintest idea and I only consider that question as an amusing aside when I'm bored or chating with a mate over a beer. It is just my opinion that PEs over 25 will not be the new normal. Timing - no idea. Could I be wrong? Absolutely.
Be careful you're not adding words to my post. I am not...
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Last
$40.33 |
Change
0.020(0.05%) |
Mkt cap ! $3.320B | |||
| Open | High | Low | Value | Volume |
| $40.09 | $40.33 | $39.46 | $4.074M | 101.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 114 | $40.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.33 | 597 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ARB (ASX) Chart |