P/E ratios suggest that the market is actually quite cheap, even though the market is hitting new highs. Data is up to the end of February 2006. We haven't seen P/E's this low since the early 90's.
Data from http://www.rba.gov.au/Statistics/AlphaListing/alpha_listing_s.html - you can download the spreadsheet for Sharemarkets.
Stevo
No comments:
Post a Comment