If it wasnt for Governments and CB's interfering in markets we would be done with the next big collapse but we are not.
US stocks way over valued and the building industry struggling, wages going backwards, huge government debt, Fed one of the biggest holders of equities, treasuries and other assets. This makes it impossible to continue the same direction it is going. In any case the markets are only being held up by just a few big stocks.
ASX Banks down nearly all week and dragging the market with it.
CBA down around 30% from 2015 and other banks except MacQuarie.
That is 30% of your money if you held these companies and many many people do and they state the Divi's are good.
Ive had conversations with a couple of people who have a lot of shares in banks and one of them didnt even know what the SP is. They just go on blind faith the banks will continue upwards.
The long run is not where you make money in the market it is the collapses.
Sure in the long run like 20 or thirty years but do you want to bet on that. The world is changing and in another 20 years the banks may be completely different entirely.
Housing prices coming down now and will probably accelerate downwards. The government is planning to push migrants into the country areas in an attempt to stimulate growth, growth of government debt is about all.
