Yes I'm afraid so.
if you recall I had this argument about rates on here when I said they would rise exponentially and was countered with the argument that RBA said nothing till 2024.
Central Bankers are always behind the curve and they will over tighten when we are already in recession but the damage will be done by then with a flood if repossessions and a collapsing housing market.
Dont be surprised to see 60 percent falls at the top end of the market.
Commodities even agricultural products are being sold off.
i mentioned health care yesterday and Rite Aid is up nearly 80 percent in last few weeks but it looks like a turnaround story and has completed or is close to completing a five wave move down and I believe it can make $40 or 500 percent.
It has still loss making but narrowing losses and trades on a Market Cap of only $400 million against sales of $24 billion
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Yes I'm afraid so.if you recall I had this argument about rates...
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