Flirting with 5000 yet again, Where in the world are you KW and Hoop; helpeth!!!
Maybe they're amongst those who are apparently 'on strike', doing voluntary abstinence? Two more excellent contributors gone, hopefully only for the meantime.
Meanwhile the show must go on. XJO below 5000!!. Not good, its feeling like a Glacier is slowly sliding over rendering and wearing down. Sorry not very positive at this moment in time. Thoughts?
Meanwhile the show must go on. XJO below 5000!!. Not good, its feeling like a Glacier is slowly sliding over rendering and wearing down. Sorry not very positive at this moment in time. Thoughts?
Certainly looks like it's slip sliding away JT. Is NZX following ASX?
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
”When investors are euphoric, they are incapable of recognising euphoria itself “
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.
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
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