A bit of speculation -I dont know what others here think, but i sense..
A lot of people picking up "bargains" on stock markets at the moment , may be getting ahead of themselves.
They may be working out p/e's based on past data.
Sure the p's (share prices) have come down as we know, but the e's are probably set to come down by the same degree - so we're back to the p/e ratios when the markets were booming.
So where is the value ?
I think people may get a shock when earnings data is released in the US for the March quarter.
then when they re-do their p/e calculations they may be in for a rude awakening that the p/e ratios may still on average be 15 x or over, back to what they were at the market's peak .
That they do not indeed hold bargains.
Gold may look like a good thing post the next quarter reporting season, as the next wave of fear sets in in the USA, with even more bail outs and stimulus needed - and with less people keen on buying treasuries fearing a bankrupt USA or heightened inflation.
- Forums
- ASX - By Stock
- XJO
- markets may be still overvalued
markets may be still overvalued
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,150.0 |
Change
-55.200(0.67%) |
Mkt cap ! n/a |
Open | High | Low |
8,205.2 | 8,205.2 | 8,107.6 |
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
XJO (ASX) Chart |