More selling for local stocks today - catch up on the #CommSec midday report here:
Thank you for posting your firm's mid-noon report. I suppose Aussie miners are still being impacted by the so-called end to the 'commodity supercycle', and there could be some profit taking by investors and fund managers to cap off the year's returns, and avoid taking large bets. The Chicago VIX is at an all-time low, and shouldn't this be a concern that there is much complacency in the global markets.
I will also like to add that ASX 200 index is trading in the 16.0 to 17.0 times P/E. Is this a typical trend we're seeing in developed economies? I read somewhere that Chinese markets are trading like 11.0 to 12.0 times P/E.