The downside due to a golbal slowdown has not even started to bite the market. We have had a very controled leaking of data to the market by world economies to prevent a run on the stock market. This leads me to beleive that the emotional factors of a decline, due to its slowness has had little effect on the market and have not been reflected in share prices.
pe ratios are still way too high given the huge downside and uncertain losses ahead. OXR made a huge mistake going joint venture with ZFX I have been waiting for a buying opportunity for Ozl but I dont see any sense paying for a pe ration 20, ozl earnings per share is 8 cents that makes a realistic pe ration of 8 place their share price at 64 cents.
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The downside due to a golbal slowdown has not even started to...
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