Marching On
The market was down 0.50% this week closing the past 20 weeks of trade on a sour note. Buoyancy has however reigned supreme over the last 5 months with 13 positive weeks versus 7 negative. Having said that, the market is still only trading on a forward Price to Earnings multiple (PE) of around 17.9 times; expensive in a normal world, but not when the official rate is still a measly 0.1%.