Economic "Ninja" (lol) looks to me to be one of those chicken-little know-nothing scaremongers who
just has to post his thoughts on YT. Theres hundreds like him. And he kind of outed himself
here.A lot of better analysts you could listen to. Try fundie
Alfonso Peccatiello for example.
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Ding, ding 'tis the sound of springWell Im sure piddly dings are all you get with Mom and Pop rubbish like VGS, but if you hold BCN or BSE (ahem), the sound of their humungous divvies is akin to being in the actual belfy of Big Ben.
B O N G ! ! ! Or in other words, if we are to believe CK's inexperienced calculations.
25% missed on revenue
54% missed on profit43% lowered or maintained dividends
Not a good look for our top 200 companies.These are supposed to be our creme de la creme, the big hitters, the ones with money behind them.
Its really a fools errand to compare corporate results quarter to quarter and determine the overall health of the business sector as ClarkKent is doing.. The index itself is a lagging trend based on market perception, not necessarily reality.. For a reality check, we go to Corporate Profits.
View attachment 5566481Ah yes, corporate profits, which always peak prior to a recession. You can see its plateaued, hence the ~50/50 ratio in profit wins/losses, and likely to roll over. Looks like little overall profit gorwth across Australia, and how will that be affected by BHP's 50% profit loss.?
That is why the smart money is getting out now, often selling into the good news when a Co releases results.(ABC for example). No doubt the Mom and Pop style bagholders will come along soon after and see a cheapie ripe for picking up, no doubt a
"
generational opportunity to improve their financial position." View attachment 5566553
(20min delay)