Imho, there wont be a recession. Recessions are so yesterday…. Just like inflation, high interest rates, stock market crashes. Why because we have entered a new paradigm AND people have learned from the past ie. everyone knows they should have bought more at the GFC and made a fortune. That experienced generation is around and will be around for a while yet. And the new paradigm: the internet, EV age etc. Look at Google and Amazon, their PE are sky-high thats because they have so much control over society and the electronic space, that investors feel safe holding their stock (and rightly so). The power they possess is the premium people pay.
(There may be a slowdown, which will hurt the Li space. I sold out recently at a couple of pips loss. Got cold feet when I saw the level of shorters, plus I didnt feel comfortable holding Auz Li stocks (I like to sleep at night). Now thats its dropped from that level (1.09) its tempting to buy, but am holding off for a while).
gltah
GXY Price at posting:
94.0¢ Sentiment: None Disclosure: Not Held
