We need at least another 8-18 months before we see a recovery.
this hypothesis is based on that when oil tips $100USD/barrel usually a recession follows 12 months after that date.
we have about 4-5 months before we reach that 12 month milestone, then you need about 6 months to unfold before a recovery.
same thing with what happened in peru back in 1989 where inflation was +1,000% but then recovered the following year.
different country but the theme looks to be consistent and if history is a gateway to what is on the horizon, asset prices will recover and the market will catch up over the next 8-18 month span.
target price $5.80, page-4
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Last
$3.95 |
Change
-0.040(1.00%) |
Mkt cap ! $2.840B | |||
| Open | High | Low | Value | Volume |
| $4.00 | $4.02 | $3.95 | $4.049M | 1.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11227 | $3.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.97 | 19147 | 3 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| CLW (ASX) Chart |