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10:33
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Originally posted by frozensage
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like honestly do you think in 2 years looking back on this "recession" ppl will continue to not be spending money? how about in 3 or 4 years? Australia really becoming a third world country? If that's the case then riots and wars will start happening everywhere and you got bigger things to worry about. Things are never as bad as the headlines or as good as the headlines. If you don't have the stomach for volatility then just be in cash until economy start going back up, but then you will have to time it right to get back in. All it takes is RBA to say, "we think rates are high enough infact we will start cutting it", then the whole narrative changes. We all know the economist have no clue and the newspaper just wants more eyeballs. I would just hold mate.
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Normally I am bullish on good retail stocks but AX1 has turned into a falling knife so time to walk away until we see a Trading Update me thinks. Sentiment changed to Hold.
