ASX value Icarus soars towards Sun

The Australian dollar is still flopping around this morning:

Long-end bashed:

XJO to the moon:

Big Iron still firm:

Big Gas is running as oil jumps with value:

Big Gold is still getting hosed. Not helped by a virus case at Lihir:

Big Banks are the Icarus of value:

Big Tech is going to go bust if this continues:

But will it? Yes, later next year. But between then and now there is a wildly out of control virus in the US that is going to demolish two-quarters of earnings without appropriate fiscal support.

And the Treasury curve is steepening? Good luck with that!

David Llewellyn-Smith
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  1. NoodlesRomanovMEMBER

    SEEK has some long support against the shorts. I thought they were massively overvalued prior to the fuss, but apparently anything online doesn’t have to have value.

    • I am more concerned that my Macrofund balance is stagnant while my amateur (self-) run local stocks portfolio is performing much better.
      The professionals should be slaying me.
      I am worried that the fund is being run as the world ought to be rather than as the world actually is.

      • The90kwbeastMEMBER

        I’ve complained about this all year. Kudos for missing the crash, but the foundation fund is run so conservatively at this point I may as well put it all in cash and bonds myself.

      • The problems of running a fund, some people want all the gains when it’s good and none of the losses when it’s bad. I’d hazard a guess that having a fund produce these results might the the holy grail. Disclosure, I don’t work in the finance industry.
        “It’s tough to make predictions, especially about the future” Quotes by many people over the last century.

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