NCM 0.00% $23.35 newcrest mining limited

"there could be a market correction which is overdue"According...

  1. 1,532 Posts.
    lightbulb Created with Sketch. 163
    "there could be a market correction which is overdue"

    According to who? The ASX 200 PE is sitting just under its long term average. The market being forward looking may have mostly factored in the slow down in 2024.

    Some companies may miss targets and will be punished, as always, but some sectors are not looking overpriced imo.

    And importantly, here we are being mostly driven by the POG. Unless, a major recession occurs, and watch those rates come down fast, we could also see a slow steady increase in the overall market into 2024.
    Last edited by BuffettWarren: 17/09/23
 
watchlist Created with Sketch. Add NCM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.