nasdaq right on cue probably due to the big jump in bond yields lately. esp NZ bonds huge jump last week odd :scared:
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Just heard a conversation on CNBC ...almost all big funds are very high on cash ..." waiting for the expected Messy Time to deploy the funds" ...wow ...means lots of money waiting to get in at right levels ... I wonder if that messy times never come then will FOMO will get them in at higher levels eventually ??
Just thinking of that possibility gives me parabolic rise graphs dreams ...lol
Quite likely to happen - I guess if the funds don't buy, than nobody does (following basic TA). However - if nobody buys, nobody makes money. Just a question when greed gets stronger than fear.
Many stocks (particularly international ones) do look dead-cheap ... and a good number of my European shares (no growth shares, all solid industry producing stuff people need) are already in the green zone (above MA200 and many past the golden cross) - so, I guess unless we have a black swan, a Bloodymir or a Jinping goes Taiwan event, we well might see this parabolic rise coming earlier rather than later.
But that's the thing with stock prices ... nobody can predict them. For what it is worth - I started spending some of my cash :) - not a fan of waiting for a confirmed bottom and then chase the crowd bidding everything up like crazy - I prefer to buy deep value steady and over a longer timeframe.
At least NZX did go down today …ASX pummelled today …one headline saidcsinks to 7 week low
APPL PE ratio (2014) - 10 (when cash rate was 0%)
APPL PE ratio (2022) - 22
Would be carnage if the market thought even a PE of 10 is too high given the cash rate now.