I’m pissed off I listened too much to the ‘retest the lows’...

I’m pissed off I listened too much to the ‘retest the lows’ crowd, and kept too much on the sidelines waiting for the rally to run out of steam.

I think we’re almost at the point where we can put this ‘bear market rally’ talk to bed for good, especially for markets like the US where they are almost back to where they were earlier in the year. I would recast Covid as a bull market dip.

If we go down later in the year due to the economic impacts of Covid / withdrawal of support (the chances of anything significant seem to be receding with each passing day), it will probably be yet another bull market dip.

Having said all that, I did manage to pick up a few CBA (far too few as it turns out, harking back to my first papragraph) at $58.90, and will be holding onto these shares tightly.