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..........A view of the markets from the world's keister
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About Me
- PazzoMundo
- One time tobacco-chewing alchemist - now put out to pasture with knitting needles, rocking chair and enough hay to rival Fort Knox...just give me time
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2009
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July
(29)
- To be of not to be?
- Another twist of the urn?
- Short XJO at the close
- Trend reversal in CRB
- ALZ - On reflection...I'm a buyer at 40 cents
- Australand - buy into rights issue?
- In the shadow of the Matterhorn
- Australian Sentiment Indicators
- Not drowning, waving
- The Sentimental Bloke
- The Woman's Day approach to investing
- Jumping ship?
- Small XJO short as a trading hedge and selling CEU
- How far can we go?
- Stocks for review (comments welcome)...
- Trading Rules - CXO Advisory
- Market commentary on economic barometers
- 'The Financial Instability Hypothesis' of Hyman Mi...
- Some kinda crazy 5th wave
- TTS - dodgy analysis
- Follow your green glow
- XJO versus XAO
- XJO to follow the US
- Defensives looking bid?
- Long DUE and TTS
- That's whose been buying CEU
- Watch for stop hunting into OPX expiry
- CEU - price strength in the face of poor traffic
- Gold and the market
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July
(29)
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Today's market is doing you no favours. I hope you're not too early again :-)
ReplyDeleteHappy to build on the short... for the moment...
ReplyDeleteCame across this today, which certainly backs up your view (from Chief Investment Officer at Evans & Partners)
ReplyDelete"Market trading ~16x forward earnings (Industrials not as stretched at ~14x). Will come a point where it is either too far ahead of reality (with respect to a broad based profit upswing) or, in the event that economic/profit conditions do improve rapidly, it will be exposed to the valuation drag from the surge in interest rates that would inevitably accompany such an environment. Have not reached that point yet, but another week or two at this pace…"