I notice that you are very emotional about investing. The golden...

I notice that you are very emotional about investing. The golden rule of investing is to leave your emotions out of it. Wesfarmers stuffed up with coles and they have risen in price partly from offloading coles.

The whole market is overvalued at the moment because the yield in banks is only .1 percent.
WES and other companies are over bought because investors are chasing 2.6% yield in a diversified stock. When there is a correction and it will come, those investors chasing yield in a recession will have their investments clipped, especially if there is a rise in interest rates.
Every time there is a fall in interest rates investors overbuy stocks which is evident in high pe ratios. The same occurred in 2008.

Corporations such as WES have been subsided by the government to maintain employment and lift corporate profits. This prevented a market meltdown which would also destroy super funds.