agree with that in a 'normal rise/small correction/rise) market....

agree with that in a 'normal rise/small correction/rise) market. thats why i said yesterday would probably just be a drill.

ipp will absolutely collapse in a heap when the big asset reallocation occurs either very late this year or early next.

once US rates are known to be about to rise in a short timeframe all the 'smart' global money pipes will start reweighting from 100% equities back to more normalised asset weightings.

when that happens, stocks like rea and ipp will have 50% falls because their EPS just done support their stock prices.

But i believe we still have another 10% upleg to go before that occurs.

As of yesterday for eg Aussie banks are now just on 14x trailing PE.

Nothing overvalued about that unless you think their earnings are about to fall.

IPP is unlikely to get too far above its recent $3.73c high imo - before a big correction.

I wouldnt hold it for love nor money.

not enough upside and massive downside risk