alan kohler says biggest correction since 1987, page-8

what a rediculous statement alan kohler has made. Does he not look at charts or something, just takes a guess. People have to remember that back in 87 the XAO has a high a little over the 2000 mark and in around 1985 the low was around the 500 mark, that was a 400% rise in 4 years.

So in 2004 to the current 2008 the market has risen from around 3000 to around 6000, in percent terms the bottom to the top in the 87 crash was around 400% gain in 4 years, from the bottom of 2004 to the current is about 100%, for us to equal the 87 returns our market would have to be around 12000.

so all that said we are was undervalued compared to 1987.