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World Stock Markets Trading Discussion - Decompressed diagnosis


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w?s=%5EAORD

 

All Ords closed +0.4% and looking at the 5-day chart tomorrow's action is an each-way bet.  Financials +1% continued to lead with Telecomms -0.4% down the most.  Gold flat.

Over in Asia, China -0.1%, Honkers +0.7%, India +0.6% and Nikkers +1.9%.

 

 

On to UK/Europe:

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If you want the best analysis of the current P/E regime, the best source that I have found is Crestmont Research, where they look to terminal P/E ratios in various economic environment.s

 

www.crestmontresearch.com

 

Basically, their point is that the P/E ratio can't get that high outside a stock market bubble.

 

However, now we are at forced 0% interest rates, so...

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