mem
in regards your question on which index had a PE of roughly 10 prior in 1987, just prior to the crash, I believe it was the aussie All Ordinaries index.
I don't know what the other major indexs were trading on.
The reason I asked for the stat was to give me a perspective on from where a market can crash, and it became very obvious that excessively high valuations is simply not required for a crash to happen, much less a correction. It would be logical to say it is required, but history tells us very loudly and very clearly its not a necessary requirement.
however, a poor economic outlook is!! you'll find that every major crash that has affected most world indexes, has been followed by economic recession to some degree - the stock market is a leading indicator, and it tends to lead by yrs!!
- Forums
- ASX - By Stock
- XJO
- a must read on us market a fall is near
a must read on us market a fall is near, page-23
-
- There are more pages in this discussion • 12 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
7,740.2 |
Change
22.000(0.29%) |
Mkt cap ! n/a |
Open | High | Low |
7,718.2 | 7,741.0 | 7,718.2 |
Featured News
XJO (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online