The FTSE 100 share index is now up 30% over five years, while earnings have fallen by 80%. On an earnings yield of 1.6%, the stock market could fall by 80% and, provided profits did not fall, would be on a 13x P/E multiple. The Bank of England is proud... Show More
The FTSE is at 6,000, a level it was at five years ago and indeed in 2007/8 and in 2000. So far, we have only lost 16 years. However, the level isn't the cause of interest: it's what earnings have done between 2011 and today. In 2011, the earnings of... Show More
The Eurostoxx50 index generated a technical sell signal on 13/6/16 at 2853. The further sell off last night resulted in the minimum downside target located at 2700 being reached. The index technical outlook remains negative given there is no sign of base forming emerging. The declines that have occurred over... Show More
On the Australian market, as covered in previous wires, the ASX200 index originally generated a technical sell signal on 20/4/15 at 5833 and is now approaching the minimum downside target located @5375 – which is the minimum expectation for a pullback. There is no sign of base forming emerging on... Show More
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The FTSE, DAX, CAC indices generated technical sell signals last Friday. The expectation is for further downside to occur. It is an extremely negative technical / momentum indicator for the European region market outlook that three key indices have simultaneously generated technical sell signals. The sell off has continued overnight. Show More
