Pete Wargent blogspot


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Friday, 13 March 2020

This is why price matters

Buy low, sell high

A quick repost from late January, on why price matters, and why during the rampant speculation phase of the market cycle you need a plan to manage your way through the inevitable bear market.

As we noted in January, we're now heading into a secular bear, which requires a different approach and model.

The ASX will open up to 10 per cent lower today, likely at around 4,900, having traded at 7,200 a few weeks ago.

See here for more or click the image below:

We also discussed why stock markets must inevitably be heading sharply lower herehere, here, here, and well as in much more detail at our Low Rates, High Returns blog here