And this chart is intriguing ….usuaLyall a strong correlation between consumer Sentiment and how much US households have allocated to stocks but today consumer sentiment off the chart but allocation at very high levels in spite of SPX down about 20%
Maybe more carnage for US households
If I had to guess I would imagine the “asset allocation” line follows the employment rate more closely than the consumer sentiment. Normally consumer sentiment of course is probably correlated with the employment rate - but not at present (with very good employment and very bad sentiment).
also interesting to see how consumer sentiment actually translates into consumer activity, with words and actions perhaps being rather different.
For instance US airlines have bumper passenger levels currently, which doesn’t smell like something that happens in a recession.
Last edited by LaserEyeKiwi; 13-06-2022 at 01:07 PM.
The single best thing about this bear market is that crypto is getting crushed. I have zero time for crypto crap (especially bitcoin). I’m hoping there are a bunch of mega culpable soon from those institutional names that should have known better and instead chose to jump on these pump and dump schemes. That whole sham of an “industry” needs to be wiped out for the good of all.
When KFL / BRM / MLN SP reach discounts to their NAVs ...I think will be time to start buying in market ...as that will surely show retail capitulation
They are still at hefty premiums which is surprising keeping in view negative retail sentiment ...but still shows retail confidence in the markets
You'd want your head "read" paying a massive premium to NTA for those stocks in this bear market.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Yes.
Used the spare cash I had at the brokers to add to my STU holding at $1.20.DB show STU with a PE of 7.68 and a yield of 7.26%.
Also CEO and CFO have recently bought at $1.26 ..Recent trading update was good and outlook positive.
This year I have added both SEK and STU to my long term dividend portfolio.
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