I have had a few requests for the chart above. We are now back at levels in the p/e that in 2004 heralded a pullback. I think the Indian market is getting a tad pricey...
Wednesday 16 September 2009
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A blog featuring macro trading ideas in FX/Equity/commodity and related markets. Analysis covers both technical and fundamental approaches.
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- USD Index - Falling wedge. A potential false break...
- GBPUSD - How weakness in GBPUSD effects EURGBP
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About Me
- You buy the high, I sell the low
- I am a foreign exchange analyst/trader working in the City of London. I also take macro views in other related liquid markets. If you would like to contact me please send an e-mail to greyheroninfo@gmail.com.
Thanks for the P/E update. The sale of treasury shares by the leader Reliance is a pointer that the treasure has been encashed. Time to fall to 18P/E around Christmas time?
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