AMP - Olivers Insights
Key points
- Shares and other listed growth assets have hit an air pocket in the last two weeks – with most share markets having fallen around 5 to 7%.
- It is too early to say that the pull-back is over and we doubt the cyclical bull market in shares and other listed growth assets that started in March is over.
- However, it is likely that shares are transitioning from a price to earnings (PE) driven rally to one which is dependent on earnings growth. This could lead to more constrained returns going forward.
 olivers-insights_Is-the-cyclical-recovery-in-shares-over_05-11-2009.pdf | [Read the full article here] | 567 Kb |
