Personally I think the economy is about to fall off a cliff.
US will likely raise rates by 1% next month and Australia will need to follow.
It 2009 the ASX 200 valuation was driven from lower interest rates.
which was magnified in covid. Even if earnings don't fall the market will likely be revalued back to 3500 by December as rates rise.
A recession could shave a good 30% off and we will be back at 2002 market prices.
Its about time. People should be able to survive off investments.
People praise WES for the way they managed hotels. I don't really think they do manage assets well. I think they over pay, pump money into assets then cost cut. I did some numbers on the hotels years ago and the return on investment for hotels was around 1% or less.
Personally I think the economy is about to fall off a cliff. US...
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Last
$70.92 |
Change
0.720(1.03%) |
Mkt cap ! $80.43B | |||
| Open | High | Low | Value | Volume |
| $70.63 | $71.17 | $70.49 | $68.58M | 967.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2935 | $70.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.94 | 3898 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |