I can’t agree more. I agree DOW is just one I compared, as I said MFG out performed all indexes bar All ord which is par. With market falling you will see more and more MFG doing better every day. Sure MFG earnings are dropping too, but others are dropping much faster including indexes. With the global interest going up and stocks were over valued range, S&P 500 PE of 21 fwd EPS, market will correct itself. However world economy is still growing at fast pace, market will settle down. If today’s drop in the Australian indexes are compared to MFG fund, you will really start to see increased out performance of MFG fund total. This is not reflected in MFG shares yet. Hopefully one day.
MFG Price at posting:
$34.26 Sentiment: Buy Disclosure: Held
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