ain't no correction coming anytime soon sorry. obviously the pandemic can flare up with more mutant strains but seems unlikely. world is moving on.
besides a small war in SC sea, there's really no headwinds in sight, at least not for the macroeconomics at play. I agree that at some stage a correction (and a material one at that) will come, but almost impossible with the unemployment rates improving here and abroad (UK excluding), interest rates locked in till 2024, local retailers having some of the best sales year on record (shift from travel and housing affordability issues, translate to local consumer spending)
been saying a correction has been coming since 16-17 now, especially given the explosive debt... however it won't be anytime soon. had a trade war - no issues l. had US election issues - no issues, had/having a global pandemic, no issues. RBA and the Fed are bolstering the markets keeping rates so low, which is bringing in new liquidity daily.
anyway, maybe in 2025 we may have some issues, and a couple of blips in the interim, but no "deep" correction.
all in my opinion and dyor
Daily Price Movement / General Discussion, page-769
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| Open | High | Low | Value | Volume |
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