Market is pretty expensive right now. OPEX madness is done and the punters got their 4800.
Lets hope for the retail FOMO's sakes they won't get stuck in the market with 22 p/e - 21.5 p/e forward estimates and 1.5% div yld - you want to see the yield closer to 2% if you want to buy this market. Potentially 35% too expensive right now on yields and p/e needs to be closer to 16 which is 25% too expensive.
There is no Alpha in the market so staying in cash and sticking to trading until there is.
Market is pretty expensive right now. OPEX madness is done and...
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Last
7,814.4 |
Change
-66.900(0.85%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,881.3 | 7,885.1 | 7,810.3 |
| XJO (ASX) Chart |