ASX 0.66% $64.26 asx limited

10% overvalued but no bubble 1212 [Dow Jones] ABN Amro Morgans...

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    10% overvalued but no bubble 1212 [Dow Jones] ABN Amro Morgans chief economist Michael Knox says S&P/ASX
    200 is overvalued by almost 10%, but not even close to a "bubble." Defines
    bubble as a period when valuations are more than 3 standard errors above average
    earnings per share and bond yield. Calculates fair value at 4,503. Index last
    4973.0. (DWR)
 
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