I had a friend , who passed away , he was always negative on the...

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Kikker1959

10,762 Posts.

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24/02/24

08:18

Post #: 72572641
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Originally posted by nippy ↑

1ronnie's thread has been running for a long time and discusses ALL sectors of the market.

A worthwhile read.

He warns of trouble generally coming in the main and for the last year or so he has been wrong about the headline index figures but correct once the big 7 stocks are taken out of that index. You can check for yourself whether aussie lithium stocks are down >60% or not right now.

. This general market trouble has not happened yet but it probably not far away with the job losses pendulum gathering momentum each day. When general market participants see this and or start losing their own jobs and or customers the decline will speed up and with it asset prices.

People can't pay high rents with no job. Industries using dear electricity can't stay competitive with countries using cheap electricity and job losses result. We are seeing this in Australia and Germany already with mine closures and manufacturing bankruptcies and closures and job losses.

The idiocy of woke policies is coming home to roost.

Suggest you view 1rinnie as the canary in the coal mine.

Does not mean I follow him 100% and he does not want that anyway. He wants you to use your own judgement - make sure you do so without biased blinkers on.

I do buy stocks that have already fallen >90% if I see recovery prospects. No need to wait for the general market collapse 1ronnie sees coming. But I am prepared to hold 2-5 years that market participation is likely to be low after a crash.

BIG MONEY is already getting out eg Bezoes selling billions of shares, Blackrock exiting the woke markets and other billionaires are liquidating shares in their own companies. Forrester is abandoning some projects. The momentum is there.

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I had a friend , who passed away , he was always negative on the state of the economy, always waiting for its collapse. Never invested in growth or debt. Smart man, but economically left behind. The moral is that money finds a way, like water.

LTR Price at posting: $1.08 Sentiment: Buy Disclosure: Held
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