By - AutoModerator
Genuinely happy for all the GAL holders
GAL: as a noob, cannot compute wtf is going on. this is just madness.
361 buyers for 3,969,407 units
89 sellers for 646,527 units
ex founder with 3mil shares at .5 🤯🤯🤯
Ride it while you can, just have tight stops
stops confuse the hell out of me.
using GAL as an example, if you bought GAL, how would you use stops in that situation?
It's so volatile, that all I can think of is just putting in a sell x amount above what I bought at, if I bought enough to be concerned.
I'd love to do trailing stops that could be more of a set and forget thing, but that just doesn't appear to work with GAL right now.
extreme noob though - so if there's resources on such things, i'm all ears.
Lots of info out there about short term trading. I'm no expert, just a fucking ape.
Also obviously depends on the broker platform, some don't support stops or profit taking strategies.
This morning at open was a complete fuckfest though, there was dicks and pussies flying about all over the place, best to just stay out of that shit.
Interested in what monday brings...
What goes up in a straight line.... Finish that sentence..
ain't no straight line - knife edge ups and downs, and the down on this is going to be nuts after the up wave is ridden out.
Continues all the way to the moon? 🚀🚀🚀
GAL you are just what I need in my life.
[comic sans silver crypto "hodler"](https://images.squarespace-cdn.com/content/v1/5d5256d8220061000128dfd4/1566476929618-D1YWU0SGQRJCBJS105OW/20190822_194909+%282%29.jpg)
Hot Copper guy… holds SVL, as do I. Really making me question my decisions.
Don't mention the C word man. I'll get PTSD
Did anyone invest last year in any of rick rule’s aus gold miners he thought may be potential takeover targets? Just looked them all up and many of them have dropped since then. Perhaps even better opportunities now…
If Rick Rule is hawking something publicly it's because he wants to offload it onto retail rubes while selling them virtual 'bootcamp' tickets for pocket money.
Yeah I mean if these reactors get built and if there’s no catastrophic events nucluer demand and prices should rise over the next 5 -10 years which is a long time to wait for a fucking investment.
My attention span can’t drag that long
Ok got it.
Fuck Rick Rule.
Just like any finfluencer, take everything they say with a grain of salt (no matter how "great" they are as an investor) - see Queenie Tan ( your typical finfluencer who knows nothing about actual "investing")
APX indicative opening is $7 lmao
Anyone get pumped and dumped??
I brought at open yesterday and sold at profits 10 minutes later lol been burned by that shit stock so I'll only be in and out for quick profit
If you want a good time, read the Hot Crapper forum re: APX drama . Here's a juicy tidbit:
"This stinks, someone needs to go down for this fiasco." or
"So we were $40+ a share less then 12 months ago and $9.50 is great? what happened to this company? is there a spine or was it just a poorly released to market wording slip.."
Better popcorn than The Kardashians
I just got goosebumps watching the Elvis trailer!
Also, I would like some more AKE. Is that a boomer stock here? Sorry. If so ignore and move along sonny
The secret to getting good AKE prices is to buy galaxy at under a dollar two years ago. You’re welcome. Please click like and subscribe.
thx man. Here's your OnlyFans donation from last week. 💰💰💰
P.S can you send me the link for the LinkedIn sexbot? Asking for a friend.
Well all bots are sex bots if you’re a gross pervert like me but I will respectful request you find your own customer service bot to be weird with it.
Lel. Thx Matie. 💐
Boomer Lithium, so you get the benefit of the doubt.
Ok. thx frendo
I’ll take that 6% LNAS swing thanks.
Hope so I got a dent in my portfolio atm hope it gets buffed out lol
Not with those current futures you wont.
Fuck the future
Like clockwork Futures turn shit when ASX about to open
Just so I'm clear.
Leaky AF ay?
theres some comfort in there knowing the market is still extremely greedy
Nope. Just a lot of very optimistic holders. I think it is crazy overvalued.
100% is super overvalued for what they've found so far, even the Rhodium find isn't extraordinary
Man, who would touch it after that green rocket yesterday? wtf. Reminds me of EXR. Blame those Next Investor/Wise Owl cuntz
Tread cautiously, been good all week for quick trade. But don't hold for that price, they'll drop out!
ride the lightning and give it a quick trade today?
It'll dump hard at some stage surely
HotCrapper muppets are calling $10 price targets now 😂
So many baggies to come
Trevor st baker leaving NVX board. Hopefully he doesnt dump his holding also
In my head I always refer to him as Trevor Street Baker. Surely I'm not alone in this?
Waiting for my croissant at this "off the hook" baker
Hey who is our resident IVZ expert?
Depends, you after a meme? Also got a spare stupid comment if you need one.
Just Just want an opinion on. Someone once said 12 months ago “IVZ is cheap as fuck anywhere under 40c (which would be \~200M MC). It must REALLY be cheap as fuck now?
They may also have been expecting a drill last year with comment like that?? Anyway I would be happy to top up now but I’m already in for 32k. This timing is what we been waiting for. You can’t count on striking gas but pre drill hype is quite reliable to catch a swing.
Thanks blisser. Whats your avg?
.140 , was trading it earlier around .05 but didn’t commit heavier till late.
cheers bliss good luck today
Recon Africa hit 300m MC as the drill went down, similar project to IVZ
Stunningblackberry but he doesn't post a lot
I don't think anyone has that title yet, the fat 🐋 posts most frequently though.
I am the shill.
But stunning Berry is no doubt the smarter one.
Suge standover also knows his shit
Anyone but me lol
is it u/stinkyfatwhale?
Stunning Blueberry, I think?
You are right, stunning blackberry
Getting my berries mixed up 🤡
What kind of dark magic is this?
Oi haven't heard much about LKE for a while. Is it RIP?
Are they oppies or pf shares or something?
You are asking the wrong person ;)
Looking at the press release, there's this:
LKE : ORDINARY FULLY PAID 1,338,869,939
LKEOC : OPTION EXPIRING 15-JUN-2022 46,524,216
Number of +securities to be quoted
Are the +securities being issued for a cash consideration?
In what currency is the cash consideration being paid?
AUD - Australian Dollar
What is the issue price per +security?
so, my hamfisted noob understanding is that they're offering more shares at .75 to current shareholders - amount = 8,128,351, which after issue will bring LKE to that 1,333,869,939 number.
I know nothing - you tell me :)
Lithium prices are still waaay up since last year, with a small-ish correction in the last month or so, mostly because of the lockdowns in China.
Europe just committed to no ICE cars post 2035 and there’s no realistic battery option except Lithium for the next 5-10 years.
Even if DLE doesn’t work at all - which seems unlikely - LKE still have a shit ton of lithium. Think we will get an update either just before or just after the current round of options expire (9 June 2022).
Bright future ahead. Do you have a view to where the SP may go?
I don’t know anything but if the current DLE demo plant works, lithium prices stay high (And everything points to demand exceeding supply massively for the coming decade), and if the drilling results at the non-Kachi sites are positive.. 🚀🚀🚀
I went short yesterday
any particular reason?
Just a scalp fade on weakness.
I'm bearish lithium over next 2 years tho
Bold move, Cotton.
Bearish on lithium, why lmao?
Because I want to buy lower 😂
So a bear is just a bargain hunter, still a buyer so isn’t that bullish 🤔
Ripping like a Beyblade mate
Get on it or be poor forever
Ive been in and out a few times and wondering when to get back in. Seem\\s to have settled around 1.50 now
IHL looks to be building again
Funny this comment has minus likes... when it was the only correct comment on the list today... says alot about people reacting before thinking
Based on what??
Check out the past 12 months, just repeats the same range between around 0.33 and 0.65.. the buy side has been getting stronger this week, and the sell side weak.. nice trading if u go against the grain and buy low sell high.. il be up to mid 0.50s soon then pull back is my guess going off the recent trend
Based on him holding it
Yer, u don't have to have much intelligence to see the trend. Look at it for yourself. You can take the horse to water.....
Be wary of reading patterns were there aren’t any my dude. Ask yourself, why those spikes? Macro conditions? Announcements? I would argue many factors have changed for IHL.
Past performance not indicative of future performance.
But also keen for 🚀
I agree, to some extent, but in regards to conditions, 2022 will be a swing traders wet dream, so I can't see to much negatively in identifying volatility patterns when wasting time on stonks to hold will be more painful..
Turns out I was right. Nice start to a Friday.. but whatever.. no one here really wants to buy chicken tendies anyway right
Do and of you Autists get your doom and gloom from Peter Zeihan?
Read a few before it got repetitive
So how badly are we getting fondled today?
Fondle level = Kevin Spacey tier. I'm not looking forward to it tbh
Oh dear Spacey is FUK
As long as it don’t get to bill cosby levels, I can handle that
Man, I used to love KS. He's a real prick according to the latest news. Sorry, I forgot this is an ASX AUTIST forum. Forget Spacey CXO TO THE MOOOOOOOOOOOOOOOOOOOOOOOON
What are people doing with SYA today? My plan is to stare at it plummeting and then sell once it has hit ATB then kick myself when it recovers somewhat.
You should have done a cum ritual every night for a major company to cornerstone the investment
Who’s to say I haven’t 😉
Refreshing like a madman to see what details comes with the CR - I know how this shit has gone for ffx in the past. With all my love for SYA I am not a happy man if it is an average standard raise. 190 for a lithium producer neeeds some big news with it.. right ? :(
Eyes peeled gents, bravo 6 going in dark. (Or possibly red 😔)
Just holding, happy to leave it there till next year to avoid huge CGT or use it as a loss.
Was about to say well done us but then I saw your quick draw McGraw username and now I’m distracted. I can sing the whole song.
That’s a much better strategy - maybe I’ll try that too.
Hunter X Hunter is set to make its return 😆
It’s a Japanese manga series. Something I got hooked on when I was younger, which was the gateway to other manga/anime
Happy Friday battlers. Do fun stuff this weekend. 🤙🏼
Does actual degenerate gambling count?
US bounces harder than the wife's girlfriend last night ✅
Must be all that impressive probable recession data that's starting to come through the pipes.
It's like 2020/21 all over again (maybe).
Bad is good.
I'm in the strange position of hoping for another massive bounce again tonight
Sorry to be the bad news bear but something happened right at the end of trade in the US. I’d suspect US futures will open red, killing any oz rally.
So basically a normal day
Don't lie, you don't hate it.
trust me, I want a rally like everyone else :)
Awesome ill expect EXR to plummet then
American ended on a beautiful green day
So I'm expected asx to end flat or down 🤣
Sorry mate we only follow US markets when they're red
This is an excellent read. I believe he is a mining investor but his advice is applicable to all speccys imo - highly recommend.
"The truth is that in capital intensive cyclical businesses like mining, 10 baggers happen because you buy out of favour sectors before they return to favour. That is very difficult to do. I remember three years ago talking to international audiences about the fact that the uranium price had to go up, and uranium stocks were pathologically cheap.Nobody cared. They wanted to talk about the sectors that were currently hot."
Cough cough *biotech* cough cough
Don't you think there could still be more pain to come for Biotech though with inflation hanging around and interest rates rising?
Maybe, but one also has to wonder how much further the space can even fall. The battering is pretty unprecedented. Also those things are probably priced in.
Great read thanks. So i guess the question is ‘what is most out of favour” right now
Even considering my bias, it has to be biotech. The entire sector has been getting smacked like a red headed stepchild from Tasmania. A lot of companies getting slashed in half or into a third of all time highs, and record number of companies trading below cash.
All while the drug pipelines and innovation levels remaining unchanged.
On the ASX - obviously i'll say RAC, but also IMU is at about 1/3 of its all time high. CHM to me is the best example of a great company getting destroyed by the sector wide downtrend. CHM has gone from having 1 asset at a share price of 35 cents, to now having 7 assets targeting 10 diseases, as well as more data from the initial asset, with a share price of 12 cents. Preposterous.
Have a great day neffew
Loved the read. 📖
Capital T bitch
You don't deserve the capital t
Does the ASX remember how to make the colour green? We shall find out today...
Published 1 year ago...
I thought it was May 2022 🤣🤣🤣
Past my bed time
But would this rise have an effect on IVZ? 😒
Just read your name properly and I want to say this:
Seoul has no soul.
Thank you. That is all.
Fuck I hate waking up at 3am and not being able to sleep. I hate even more that the most interesting thing to do is read these post on here with you fu……. Fine people.
I mean you can always go hang out with the pretentious cunts at AusFinance where they complain about the ‘impending recession’, rising house prices, utility bills and their favourite ETFs … it’s lovely there
What makes you think I haven’t 😂
Recession cancelled ?
Holy cow, NASDAQ futures +2.94%
Edit: +2.84% (NASDAQ current index)
I look forward to seeing how the ASX fucks this one up when I wake.
POW! Right is the kisser
tomorrow’s gonna be very green
Nasdaq now down 5%
U scared me for a second 😩😩
Going to get you back for that joke by putting my balls on your drum set.
I’d like that
Coal futures are actually going up and iron ore is recovering if US doesn't shit itself by the time we wake up tomorrow will be a good day.
Never underestimate just how bad those cucks can fuck up their closing auction, makes Barry look like a saint most days!
They have a Barry too?
A lot has happened since my last O&G drill update 3 weeks ago, mostly bad in terms of share price action.
**Invictus, still hasn't dropped the farm-in or the PPSA! Atleast some things never change.**
*As usual I don't include the majority of unconventional targets as I'm bearish on the need for high cost unconventional O&G, conventional though, is definitely getting scarcer and more essential. Despite Labor winning the election outright, and fending of a greens/teal surge (and post-election promising gas will be prioritized), the Greens now hold the most sway in the senate, I'm keen to focus on quality over quantity. Definitely won't be looking at small quantity plays either like Otto's recent drills. I still don't understand why anyone would gamble on EXR, after having seen the Queensland CSG/Shale plays literally need billions in backup from majors to get up.*
**Format as below:**
Company - Prospect - Status/Date - Targets and Other Info.
**Recently completed/about to complete:**
* Strike Energy/Talon - Walyering-6 - Finished Drilling/Pending tests - Appraisal Well, firming up discovery at Walyering 5. Pretty much firmed expectations and made a gas discovery in the Cadda. Will need flow testing results June to fully update Walyering prospects. Price has been lethargic for both, especially Talon.
* Not Found (Finder) Energy - Kanga - ~~Results either tomorrow, or Monday~~ No Commercial Hydrocarbons Found - 25MMbbl Target at 36% COS. Price has been lethargic like most of the ones drilling.
**Spudded/About to Spud:**
* Central/NZO/Cue JV - Palm Valley Deeps- Still Drilling - Targeting 75 PJ (50% CTP, 35% NZO, 15% Cue), 24% COS, NZO price getting smashed with a cap raise.
* Melbana Energy - Zapato - Spudded Early 21May- Targetting 21 MMbbl net at 23% COS, Melbana price getting smashed thanks to the Alameda redrill news.
* Prominence/Global/Western Gas JV - Sasanof - Set to spud on the weekend/early next week - 4 TCF and 100MMbbl Condensate at 32% COS (25% for GLV, 12.5% for PRM), PRM and GLV have traded lethargically with CLON.LSE also buying into the drill now.
**Upcoming Drills (in rough order of spud) - Highlights are what I'm watching myself:**
* Strike Energy/Warrego JV - West Erregulla 3 - Set to Spud in June/July - Re-entry - Firm up their 2P by upto 200 BCF, no COS given. (50/50 split). Warrego has fared slightly better, but both prices have been weak amid general market sentiment being poor.
* Invictus (this subs chosen one) - Mukuyu - Spud likely pushed back to August with more delays - Targetting 5.7 TCF (P50 value) and 147 MMbbl condensated at 10% COS. No update on farm-in or Zimbabwe PPSA, IVZ will have a maximum of 72% stake. They've agreed with Zimbabwe Sovereign fund to allow 10% back in return for the bigger permit, separate to a PPSA.
* **If IVZ says gives away another 20% to Zimbabwe for the PPSA and 25% to Cluff for the rest of the costs covered for 2 wells), that leaves final at perhaps.. 36%. I assume current partner stake will be diluted too and Sovereign fund stake is not dilutable.**
* **ZIM SWF - 10%, Zim State PPSA - 20%, Cluff - 25%, Current Partner - 9%, IVZ - 36%, so net target of \~2TCF and 50MMbbl of condensate.**
Price was extremely strong, until a pre-cap raise P&D, and then post cap raise it's struggling with O&G sentiment surprisingly poor.
* Central/NZO/Cue JV - Dingo Deep - 2022 H2 (2 wells) - 49PJ (50% CTP, 35% NZO, 15% Cue) 19% COS
* Santos/Melbana (royalty/payouts) - Stairway - Likely spud in Aug/Sep 2022 - undisclosed royalty
**Long time away or no concrete date yet.**
* Invictus - Well 2 - Set to likely spud in October (pushed back due to delays) Not a 100% on the date - No resource target announced yet, expect 2-4 TCF and more liquids prone, so more condensate? COS will depend on Mukuyu. Is the downside protection if Mukuyu fails.
* EOG/Melbana (royalty/payouts) - Beehive - can't find a form date, already filed with NOPSEMA a pre-drill seabed assessment - Likely spud in late 2022
* Bounty (lol this meme is back) - Cerberus Permit - Targetting Q1 2023 - Targetting 257MMbbl over 3 wells (LOI signed for Q1 23) of which they are currently 50% owners, will likely need a farmout, can't see them yoloing 3 wells.
* Carnarvon - Pavo South - Target H1 23 - Net 17MMbbl Target a 51% COS
* Buru - Rafael Appraisal Drilling - Late 2022/Early 2023 - Appraisal Drilling to firm up, looks like 125BCF and 5MMbboe Condensate with upside to 0.5TCF potentially.
* Buru - New Agreement with MinRes to explore their Carnarvon Portfolio - Likely drilling in 2023 H1 - No firm numbers yet.
* Pancontinental - Saturn Fan - 2023 Target - Plans for 2 drills in 2023 being discussed, but farm out is still being discussed with "4 Majors in the data room" - Expecting seismic late this year, early 2023 if farm-out goes to plan. Current prospective inventory of 80% of 2.8Billion barrels of oil, likely to be upgraded after seismic, at 5% COS (lol, this will definitely be upgraded this was from before a source kitchen was shown, and 10+Billion and 2+ billion were hit next door).
* Melbana - Alameda Testing Well 2 - Will need to redrill with the current well not suitable for testing - Plans for a 2023 one seem to be the word, but they may accelerate to H2 if they feel urgency for development.
* Norwest - 2 Appraisal Wells at Lockyer, and Exploration Well (unspecified but at "Lead E") in 2022 Oct and Mar 2023 respectively - Size is similar to Lockyer from early indications, but seismic in H2 22 will give clearer indication of trap depth.
* 88E - Icewine - 2023 P&D Season - If you have a serious case of Stockholm Syndrome - Planning for 2023 but need a farmout and a raise to boot - 75% of 1.2Billion Barrels prospective, as they've finished flogging the dead horse which is Project Peregrine and returned to Icewine... If it's unconventional they target, don't even think about "investing".
* Global Oil - Helvetica - No firm date - 20% of 200MMbbl at 20% COS. Gives some downside protection post Sasanof.
**Some other O&G Minors like TEG, and TDO planning but these are pie in the sky at the moment. There's ofcourse your Shale/CSG/Unconventionals like Armour/Tamboran/Elixir/Jade/Kinetiko/Galilee/TPD, explore them if you like a bit of edge..**
***Owned Disclosure -***
*Pancontinental (\~10K), Carnarvon (\~7.5k), Invictus (\~10k), Prominence (\~20k 😬 ), NZO (\~2.5k) and Warrego (\~5k).*
***Change of Ownership -***
* *Sold my Strike Shares, I think it's richly valued and seeing the next catalyst is West Erregulla, i think Warrego is the better play. Also they'll be likely raising capital for Project Haber in H2 .*
* *Melbana, sold and took profits, Zapato is a wildcat compared to Alameda, and my risk appetite isn't there with a raising coming if Zapato duds, since they need to redrill Alameda.*
* *Prominence, had sold down some earlier, but bought more again at 0.8c, spud this week, fingers crossed.*
* *Sold down part of NZO just prior to capital raise dipping the price, couldn't exit fully sadly.*
* *Invictus took all profits (except options) at 24c (watched it zoom to 30c) and bought part back in at 21c today, board are grubs (placement to instos only, just like the pitiful SP last time) and progress is slow which is making me anxious.*
For what it's worth, my favourite three are (still) Pancontinental, Prominence Energy (even though it is wrecking me these last 2 weeks) and Invictus (even with the board being grubs), but I also (still) like Pistachio Icecream over Mint/Choc so don't @ me.
Edit: Finder result dropped, unfortunately, it's a bad one for Finder holders.
Thanks for the write up. My favourite is PCL too! Still cheap not to have a hopium punt.
It's raining again in October right? So if they were to miss that window for prepping the second it'd be another ~six months on top
It's amazing people think IVZ is going to go up close to spud when PRM/GLV are a day away and dumping out hard. Btw I'm in both, PRM is crushing me
Pistachio is the best flavour ice cream, but I would respect a hazelnut enjoyer. But anyone who ranks toothpaste icecream anything above bottom tier can not be trusted.
Amen, i can't stand mint choc icecream. Mint slices are passable, but the icecream is definitely toothpaste flavour.
You’ve obviously never enjoyed a frozen Colgate bar. Pleb.
S&P500 and NASDAQ both strong greens, 1.31%, 1.41% respectively.
So ASX strong red tomorrow?
US volatility has been off the charts recently, they could all be 3% and still end red by the time I wake up
*Prays u/BeardFactory doesn’t wake up*
Probably, next rate rise around the corner now.
If the weak handed cucks and shorters could all just capitulate and sell / close their positions tomorrow, thus finally ending weeks of reds days, I'm fairly certain the remaining investing bulls will sincerely thank you for your sacrifice! 🙏
Translation, Chzakalwe you suck. Got it.!
Even in a stagflation environment, Feds and other central banks will always tackle inflation first.
Yeh, you cant have meat and other groceries costing x2 (or more). Unsustainable. Political upheaval. As we’ve seen in developing countries.
It is most unfortunate that a shift of the Aggregate supply curve to the left means the Aggregate demand curve must also retreat to the left to stifle price rise. Econ 101
I majored in economics, AD and AS are trigger words and it’s giving me PTSD (I also forgot what the shifting of those curves mean 😂)
I do remember though, econ being the most fun and practical course/subject ive ever learnt.
LoL don't worry, you can forget them all now. Economics was fun. Econometrics however are a completely different animal
Nah it’s super relevant and useful in the world of investments (which we’re in) - knowing how demand / supply works and the elasticity of products
GAL loss porn is going to be tasty in the next week or so. Ridiculous valuations at this stage on what 1 confirmed HG intersection and 2 pending assays.
Ofcourse, 1% chance it's the next Julimar, and goes for 50km or whatnot at high grades and widths..
LOL, I skimmed the last 3 months of reports this evening, as I was wondering WTH was going on with SP, severe retrace imminent!
Alright someone give me a rundown on Alan Joyce and why he is a dog... intrigued seeing all the hate from the Qantas post and want to know how I can do my part and get in on the action
Pisses and moans about anything and everything, then expects more government gibs simply because it’s quantas. Fuck that speccy little cunt
not sure if he has done something new, but the unions and staff hate his cost cutting measures ever since he became ceo. Lately, outsourced their ground crew jobs, sacked 2000+ staff as a cost cutting exercise during covid.
GAL already at a market cap of $237m worth about 10% of CHN by market cap. Seems a bit excesssive for a stock that drilled like 6 holes and still needs to prove a resource large enough to mine. I can't realistically see it worth more than this considering it has years of drilling, met work, studies and funding requriments ahead. I really need to go over the geology to try and see how likely it actually is this is a new CHN because if Julimar has taught me anything its one good tenament means nothing for the surronding 20.
POD is next julimar. 5pge and plenty of it with more drilling results due “soon”. WA assay labs need to pick up their game.
What are their pros and cons?
Lots of it but it’s a long thin strike over 15 km. It also appears to get better at depth, possibly even below 500meters, so it might be expensive as a conventional pit doesn’t really work (so I’ve read).
More drill assays for depth analysis and total 5PGE. Gold and copper in the mix too. Australian based.
The curse of Julimar nearology
MAN and nearology was and willl hopefully be the biggest investing lesson I ever learnt
PUR for me 🙋🏻♂️
ADV nearology checking in... albeit I still believe management fucked over shareholders by selling off the Li assets for a pittance.
Blow off top today me thinks
US GDP data out and its a doozy!
Some talking heads now claiming Fed will have to...cut rates LMAO
Powell is literally going to top tick the world economy.
Maybe markets will bounce on wiff of recession because they'll bet Powell might not raise as much as first predicted
This is the fun of stagflation. Inflation cannot be allowed to run and will take importance over GDP and the USA will have to sacrafice some economy to deal with inflation first and growth second. If anything he is raising rates a little too slowly which could cause ongoing inflation stress for their economy and prolong the pain. It takes about 18months for the effects of a rate rise to kick in so we arent even experiancing it fully yet.
Considering a P/E is really a reflection of investor sentiment on growth I would expect the P/E ratio of stocks to get slashed if the economy is contracting. Happy to see opposing views but my understanding of economics is inflation will be dealt with as a priority.
Only a complete Ape would bet on lower interest rates. Pain is coming.
Nasdaq +1.51% rn