FAR TOO HIGH11 Jun 2020 09:32
All the major stock markets are far too high, possible retrace in the coming weeks. FTSE, European markets & US markets all too high, too much optimism too much greed. Reacting to to governments and central banks, ignoring the facts.
IMO Everything needs to drop 15-20% and stay there for a number of weeks before any reliable recovery.
FTSE is 16.6% down from 21st Feb........... Considering everything going on 16% just isn't offering value for the amount of risk out there. The FTSE around 5500 (25% down from 21st Feb) is my target to even look at financials again.