what I don't like about the US is S&P500 still something like 17 times earnings
assuming the e gets hammered in near future I don't see how US can sustain those multiples, US market doesn't demand a premium to other markets by any measure, safe haven my arse
that doesn't mean Australia is overvalued but unless our market decouples and until China shows it can weather the storm we're vulnerable...what do others think?
Regardless I am not selling my core stocks now at fire sale prices.
possibly the bottom , page-4
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