You are correct, the market has become a lottery - but this does not mean people (investors) should accept the situation, and indeed the Australian Government and other institutions should be concerned.
You say you are waiting for the right time to invest -what if everyone had the same lack of appetite for risk ? how would you raise finance for any project?
It is fast approaching the point when the stock market is back where it was years ago and the man in the street simply will not part with his hard earned to this dishonesty - and the shisters involved will only have themselves to blame when the gravy train stops IMHO of course
Albalad
GBG Price at posting:
11.0¢ Sentiment: LT Sell Disclosure: Held