Target $18.72, page-10600

First 10600 Last

Share
Profile

Follow
Boursebandit

1,276 Posts.

285

14/09/24

21:06

Post #: 75677843
Share

Originally posted by Lord Bell: ↑

Jag from the official Singapore export import figures....produced by the Official Singapore Government Statistics on Trade.

I recently read that according to some economists that the USA numbers indicate that the USA is rapidly slowing with some saying "as a moving picture "USA is actually in Recession.

Value of the US stock market is now the second highest in 150 years 2022 had the higher market valuation number.Every other major economy would be in recession without immigration such as the UK and Australia ..pressures are coming to bear with house prices in certain cities in Australia ,Uk and Europe beginning to fall.

I quoted the Singapore number because it is an exceptionally dynamic economy and a 50% drop in exports to the USA I found quite startling. It's even higher than the 45% drop to Europe ...and we can understand this with the sharp increase in Energy Prices .

As I said Jag I take this fall in Singapore exports rightly or wrongly as a major sign of a fall in U.S. Economic Activity as most exports from Singapore to the USA are chips and advanced technology ..

Incidentally US savings are now very low with credit card debt still rising ....Indicating the U.S. consumer is sorely pressed in spending and the US consumer makes up 60% plus of US Demand.

At present the Warren Buffet indicator ie the price of the US stock market relative to the value of the actual US economy is almost twice . This excessive pricing is an another danger signal of overvaluation....and as we know Warren has been selling shares raising the liquidity of Berkshire Hathaway .

Now I emphasise "it is impossible to be sure of a market correction at any specific time"....the sum of the evidence is all we can look at and it clearly shows that on a number of measures the high US Stock Market Price is completely out of kilter with its value and the slowing US economy...and this dichotomy can ...and often signals a Stock market correction.

For those interested in market behaviour and Stock Market valuations I suggest reading about the Stock Market bubbles of the past...like the Tulip Mania ie the Bubble in Holland and the UK South Sea Bubble. An interesting read is "The end of the everything Bubble" by Alasdair Nairn a Scottish Actuary and Fund Manager....where he provides discussion and views on charts and valuations on the present US Stockmarket.
This US Bubble has grown considerably since his book was published two years ago.Another interesting study is "The Madness of Crowds".
You can also watch some Press and TV interviews of Alasdair Nairn discussing his book on U Tube.

All the best to all

Expand

you are conflating general market sentiment of totally overvalued US equities where PEs and valuations have overreached - versus WHC which had excellent earning a and reasonable PE, Sure there will be winners and losers if we have downtime- but WHC is not the correct example that you should be inferring will be a dog stock if that occurs. There are many more worthy stocks sit in that line before WHC under your doom scenario. Cheers BB.

Last edited by Boursebandit: 14/09/24

WHC Price at posting: $6.01 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

BM8

Battery Age Minerals gets set to capitalise on critical mineral demand

JBY

James Bay latest lithium player to pivot to other metals amidst lithium slump

PME

Pro Medicus snaffles 5-year contract extension worth $32M for RIS technology

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Update: Index pulls back from record highs | October 16, 2024

There are more pages in this discussion • 198 more messages in this thread...

First 10600 Last

Add WHC (ASX) to my watchlist

(20min delay)
Last $7.03		Change -0.230(3.17%)		Mkt cap ! $5.881B

Open	High	Low	Value	Volume
$7.14	$7.19	$7.01	$37.05M	5.254M

Buyers (Bids)

No.	Vol.	Price($)
2	431	$7.03

Sellers (Offers)

Price($)	Vol.	No.
$7.04	3717	2

View Market Depth

No.	Vol.	Price($)
1	118	7.030
1	2564	7.020
18	64417	7.010
24	139662	7.000
9	98826	6.990

Price($)	Vol.	No.
7.040	3001	1
7.060	1000	1
7.080	24965	4
7.090	31102	3
7.100	28057	4

Last trade - 16.10pm 16/10/2024 (20 minute delay)

WHC (ASX) Chart

Target $18.72, page-10600

Battery Age Minerals gets set to capitalise on critical mineral demand

James Bay latest lithium player to pivot to other metals amidst lithium slump

Pro Medicus snaffles 5-year contract extension worth $32M for RIS technology

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Update: Index pulls back from record highs | October 16, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Target $18.72, page-10600

Top Stories

Battery Age Minerals gets set to capitalise on critical mineral demand

James Bay latest lithium player to pivot to other metals amidst lithium slump

Pro Medicus snaffles 5-year contract extension worth $32M for RIS technology

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Update: Index pulls back from record highs | October 16, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News