I know I should not be amazed at the limited grasp of market reality that afflicts both financial journalists and fund managers but this one is a corker.
Five-year bull run continues
“Given a five-year bull run it is impossible to argue stocks look cheap, but the market is not necessarily too high,” MLC Investment Management senior investment consultant Brian Parker said.
What market are you looking at sport? The All Ordinaries has gone sideways for since the GFC and has only shown any sort of trend since July2012 and even that has occurred in fits and starts. It is any wonder that 99% of all fund managers under perform the major benchmark indices when they cannot even identify what a trend is.
To give you some idea of what a five year bull market actually looks like here is the All performance compared to that of the S&P500
Well, I had little bit of experience with MLC.
They are members of the financial mafia in the superannuation industry here in Australia.1 things You can sure with MLC, customers always wrong!
😉
By the way the private wealth management department need more than a month to figure out, what’s the different limit orders and market orders.
When they found out, they told me do not worrie about anything, when 1 practicular share price come back the level where they make a mistake. They going to correct the mistake what they did.
I just had 1 question after that, and what’s going to happened if the share price didn’t come back or coming back 20 years later????
I got the answer it’s always coming back….
That was the day when I made the decision I do not want people manage my super anymore, who has close to 0 financial knowledge.
Or I can say they are rubbish!