why CYM is a Billion $ company in the making, page-1787

Much of the froth in the US market has been NASDAQ. PEs ridiculous. Coming back to earth. Bitcoin smashed and heading towards obliteration (bulls will disagree). Rotation out of tech now gaining significant momentum. Market readjusting there.

Are we in for a 20% drop ? We are at the bottom if the ASX trading range - see chart. Below 6,000 would be a worry but are we really going there ? It has only traded below the general trading range once in the last 13 years (COVID hit).

So we get a bit of inflation, rates rise. Didn't anyone see this coming ? Old hands did. How in the world can we have interest rates at zero forever ??

Higher prices will moderate excessive demand as inflation cuts into real incomes. But Phil Lowe does not see recession in Ozland. Has been wrong before but unemployment is historically low, terms of trade are at record highs.

Chicken littles yelling sky's falling. Time to start thinking of being back in the market. Very big buying opportunity.