Maybe they're amongst those who are apparently 'on strike', doing voluntary abstinence? Two more excellent contributors gone, hopefully only for the meantime.
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Sounds very vague and rumoury; anyone got some facts here? Will pm KW.
Meanwhile the show must go on. XJO below 5000!!. Not good, its feeling like a Glacier is slowly sliding over rendering and wearing down:eek2:. Sorry not very positive at this moment in time. Thoughts?
Hoop - here's an updated ASX All Ords PE chart
Looks like from 2009 been in a secular bull market .... but in saying that that does make the secular bear that started in 2000 a very short one (only 8 years).
Maybe the world moves faster these days and cycle times are shortening. If so maybe the current secular bull will end next year
For the record from July15 to July16 the All Ords is down 1% even though its EPS is down 10% - the PE expanding from 15.8 to 17.4 has saved the day for punters
All Ords closed at a 2016 high at year end and slowly getting back to where it was a few years ago
Earnings (market EPS) still trending down but market PE still trending up
PE at December was 17.1 - the up trend from 2008 is still in tact which is a sign of a secular bull market
Even though Australia economy a bit dodgy market should do well in 2017 - positive momentum in PE expansion
No worries
This seems to be the right thread for this post. Robert Gottliebsen thinks that Australian franking credits may be under threat from potentially lower Aust tax rates if the USA lowers theirs and Aust needs to follow suit. The result could be lower Australian shareprices, generally.
https://www.investsmart.com.au/inves...weekend-200117
For what's it worth the PE (trailing) of the ASX All Ords has reached 18 which is highest it's been since 2002. My chart below based on Colin Nicholson's numbers
Comes at the same time when Factset reports the forward looking PE of the S&P500 is at it's highest since 2004 https://insight.factset.com/earningsinsight_02.17.17
The world sure is a happy place at the moment