World eco will grow & continue to grow.. population increases, so does the consumption....
debt has inc but also the assets / houses/ infrastructures...
Unsure if everyone is hinting that Aus economy is bad....but to ponder..
Scenario 1
i) RBA announced house price felled by 3.8% for Mel & Syd ..market goes up in anticipation of measure by govt..
ii) unemployment increased to market goes up
iii) ECB announce if inflation /eco does not pick up, they ll cut rate , so market goes up
Or may be Scenario 2
i) House price are stabled/growing..construction increasing by demand..So market goes up
ii) unemployment is reducing...so positive for eco & market goes up
iii) Inflation/eco is growth without many measures by govt.. so market goes up
I would prefer second scenario 2 .... most if not all usa presidents has made measures that made look their tenure was better..
About companies that makes up the market..
Eg - Facebook launching crypto currency ... investing in future ...so sp goes up;
- Alphabet in jv with health co ...investing in future ...so sp goes up...
I havent seen any companies significant revised their earnings upward, that aligns with his sp surge in XJO....FY 20 forecasts yet to announce..sp at premium..
No single path leads to where we all want to be ..we need to find our own
so as many people, as many views paths ...every view is respected..
This is the best time to live... today is the best opportunity ....( Acres of diamond has gr8 influence on me lastly)...
Cheers
(20min delay)