Saturday, 15 June 2013

Bull market 15 June 2013

  I expect gains to continue , as we are at median point in the 2009 bull market . FTSE trading between 6000 & 6800 this year ,  thus far .
  Assuming 7200 by the year end . A good buy in point is available now ( for you index buffs ).


  On a personal note , at least Rurelec has held up nicely in this little downswing . As for the others Metro Baltic is excellent value . Oxus has been a problem ,stick with it .
  Finally Churchill we await news with bated breath .


S&P 500 PE Ratio Chart
Current S&P 500 PE Ratio: 18.80 -0.11 (-0.59%)
4:33 pm EDT, Fri Jun 14
Min:5.31(Dec 1917)
Max:123.79(May 2009)
Price to earnings ratio, based on trailing twelve month “as reported” earnings.
Current PE is estimated from latest reported earnings and current market price.
Source: Robert Shiller and his book Irrational Exuberance for historic S&P 500 PE Ratio.

"[The Subprime Solution is] a lucid primer on how we slipped into this money pit and what it might take to clamber out of it. . . . Shiller is sometimes called a Cassandra, and his prophesies about the dot-com and housing bubbles did come true. Yet in these pages he sounds more like a visionary optimist who considers today's emergency to be a grand opportunity."--James Pressley, Bloomberg News

   As my forecast is to aim for a sell point of 36 . The road ahead is upwards .
   Company profits and balance sheets are calling you .

 Happy trading and may your Prophet go with you .

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