“Some of the people I know lost millions. I was luckier. All I lost was two hundred and forty thousand dollars… I would have lost more but that was all the money I had.”….Groucho Marx writing in “Groucho & Me” Send article as PDF
Daily Archive: April 8, 2009
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Apr 08
Don’t be deceived with low valuations
The lcaol sharemarket continues to show some very low PE Ratios and very high dividend yields which look terribly attractive. As the following chart shows, looks can be very misleading while analysts continue to sharply downgrade forecast earnings. Send article as PDF
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Apr 08
Credit Crisis Continues…
Whilst the Reserve Bank drops their cash interest rates the credit spreads (as shown above) on investment grade corporate bonds are doing the opposite. It doesn’t matter whether you are a AA, A, or BBB rated corporate you are paying a record interest rate above the government interest rates. It amazing that these credit spreads …
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