..this ASX correction isn't over with CBA down just -7.4% from its all time peak.
..BHP has already dropped -28.54% from its $50.72 peak at end of Dec 2023 [this thread correctly warned about the $50 peak], now looking to test its $36 support soon, and have still ways to go in its decline.
..the Trump tariffs, short of a stunning reversal, will usher into GLOBAL DEFLATION, that means DEMAND DESTRUCTION, and in that environment, commodity prices would decline quite notably (it is stunning that iron ore price is still holding a $100, but once China stops its stocking and hoarding, expect a -20% price crash in iron ore price at a minimum).
..DEFLATION means more businesses would fold and expect the banks to start exercising conservatism to preserve their assets and pulling the plug on businesses on the brink. Interest rates may go down, loan growth would be abysmal and bank stocks in Australia remain in la-la land because hardcore investors continue to steadfastly hold for long term.
..people will wait until the SCORE shows up, then there will be those who panic then and sell and there will be those who lament that prices have gone too low to now sell, when they had the chance but decided not to act and pre-empt. That's the majority of us because we fear losing out on more gains than fear of losing them.
..My prior warnings on LTR went unheeded by hodlers, many who bought them at 10-20c- I have news for them. LTR is highly leverage with a white elephant plant, they won't have much time waiting to hold out a coming heavily discounted CR that would likely threaten to bring down its price to possibly 30c or lower.
..I may not be the Oracle, but most times I have been correct ahead of what pans out to be true months ahead.
