pe of the all ords

Folks

IF you bought the weekend Fin review you will see the PE of the market. Last week it was only 15.1. With this fall it would be even less.

In 1987 the market PE was 20.

THIS IS NOT A CRASH but simply a correction.

We are in the second phase of a bull. That is a Wall of Worry.

The next phase is the MANIA phase. This has not begun yet. Stocks havent gone on that rampant speculative phase yet. They are not even reaching broker valuations at this stage.

Hang in there and reap the reaward at the end Sell and regret