IMO, we may be seeing a "Dead Cat Bounce" in Aus Economic metrics because:
-$300 mil Government Money + $36 million of Super draw downs have been added
to the economy in 2020 (18% of GDP)
-The Treasurer and Government has been spruiking the economy for political reasons
-Economic opinion leaders (Big 4 Banks + Stock market Gurus) have been spruiking the stock market for hip pcket reasons
-The RBA has been doing QE of which some of this easy money is being shoved into the stock market by Banks (like what happened in the USA)
-That the Stock Market short term metrics are not a measure of the economy (Check out Wall St 1930)
As Benjiman Graham ( Buffet's mentor) said:
" In the short term the stock market is a voting machine, but in the longer term it is a weighing machine ( again refer to Wall St 1929-1934)
MM
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