It's been a while since anyone passed any observations / predictions on the future of the ASX200.
Clearly, the market has moved in line with the global trend over the past few months. As always there are optimists, the confused and pessimists.
Any money (mainly super) that I had left in the market got punished through the ups and downs. I pretty much decided when the ASX200 gets back to 4600, this would be a reasonable point to move to cash, waiting for the underlying conditions to return following the removal of the stimulus and the slowing growth in China. We are at that point now, and I am interested in your views about the market for the next 6 months.
I guess the other indicator is the value of the AUD, which has now got back to 0.91US. When the 2008 crash hit, the dollar was sold off quickly due to the connection with commodity demand and prices.
What do you see? What actions are you taking?
Thank you so much for the post.
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