I bailed out of AMP, ASX and BDR at the open this morning. ASX and AMP look very fully priced with little growth like much of the market. I was a bit surprised the market let me out at the prices it did: Their results looked very ordinary at first glance. I think we'll trade a bit lower here on valuation, then take off again later in the year.
Reaper.
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- pullback due
pullback due
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