I am predicting the asx will be dragged down by 40 to 60% , The asx 200 are paying around 2.3% return which means the market is overvalued. 60%. Traditionally the market would have a pe ratio of 12 to 15 but some crazy blue-chip stock have a pe of 30. The asx 200 should settle between 5000 and 6000 if they are lucky but this does not take into account the effect of a recession. How does this effect RMS. RMS is considered a mature miner therefore it will be dragged down with the market to some extent. I dont jump in and out and have stuck with RMS from 25 cents to 1.70 , and a fall back to 5 cents up to 1.70 then back 60 cents then up to 2.80. The question is not overpaying but can you afford to ride out a correction without a need to cash in. RMS has tremendous upside and a full bank account therefore it doesn't really matter if they fall in price if you are here long term.
RMS Price at posting:
$2.36 Sentiment: Hold Disclosure: Held
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