This chart, courtesy of Jim Hamilton, shows the stock market relative to the average of the past ten years of earnings. The red line is the historical average. (Click on the graph to enlarge.) According to this metric, stocks are now cheap, but not exceptionally so.
Andrew says
Hi Charlie,I'm emailing you in regards to an email I sent to you last month about a partnership, have you had a chance to think about it?If you have any questions or would more information, please advise me and we can go from there.Kind Regards,Andrew KnightWebsite ManagerBanking & Finance DivisionOMG.com.au Pty Ltdp: (07) 3368 2666f: (07) 3368 2670e: andrew.knight@omg.com.au w: http://www.omg.com.au