@1ronnie - you are a mine of information - thanks! I won't be...

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Taurisk

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12/11/24

14:14

Post #: 76566089
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Originally posted by 1ronnie: ↑

At the end of it, I guess we have to ask ourselves if we want to learn or follow Buffett and many corporate insiders in exiting or staying on the sidelines, acknowledging that US valuations are overstretched and unsustainable.

Or be like increasingly the many market participants who have ditched fundamentals to buy based on cult/animal spirits and momentum following the price.

People willing to take the risk not wanting to miss out, could get profitable for a short while then get too emboldened and lose it all not taking quick profits. Because they extrapolate- if markets are going strong with Trump, they believe it will get stronger when he takes office. And failing to see that markets always front-run (I wrote about this a lot on this thread). Most likely, markets will suffer correction after he takes office - Trump can't help it- he can't be stable content on a smooth path, he must ruffle feathers because he desires the limelight 'make noise' so a leopard can never change its spots.

But why does it matter. The gains in Wall St are not shared across the world and in fact Korea, China and Australia have all been trading warily ahead of Trump taking office. Like I said, America's 'gain' is our 'loss'.

So if one has itchy fingers and need to dabble even for a short while, the game is in the US, not here. One could look at GGUS, the opposite of BBUS. There is large disparity between US market and ASX. EPS in US is still growing albeit moderating, ASX EPS is stagnating bordering towards backwardation.

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@1ronnie - you are a mine of information - thanks! I won't be gambling (haven't got enough funds to afford a loss!) just interested to see how this is going to continue or not.
Thanks again; I appreciate that you answer my queries, Professor Ron!
Go well
Taurisk
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