Archive for June 18th, 2008

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Wednesday, June 18th, 2008

Bear markets are never fun

By Shaun le Roux
Equity markets around the world are struggling. Most markets are down in 2008 and are not significantly above their lows earlier this year. The Shanghai Composite in China is more than 50% down on its October 2007 high.
Equity markets have had to grapple with a toxic combination of […]

No Comments » - Posted in South Africa by Prieur du Plessis
Wednesday, June 18th, 2008

US Stock Market – Muddling Through the Fundamentals

A shrinking economy bodes ill for corporate earnings and current indications are that the S&P 500 Index’s earnings could be down by as much as 30% to 40% in year-ago terms by the end of Q2 2008. The key to assessing valuation levels, however, is to get a grip on the forward numbers. This post analyses this aspect and concludes that it would be irrational to bank on above-average returns from these valuation levels. A muddle-through outlook seems to be what the US stock market has in store.

7 Comments » - Posted in Stocks, Money, Markets, Investment by Prieur du Plessis
Wednesday, June 18th, 2008

Inflation Bang!

Source: Tom Toles, The Washington Post, June 17, 2008.
 
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No Comments » - Posted in Humor by Prieur du Plessis
Wednesday, June 18th, 2008

Xenophobia – a different perspective

By Cees Bruggemans
As a foreigner of longstanding in this country, I have some interest in the phenomenon that got a burning man on the front page of the New York Times and Financial Times last month, in addition to numerous local papers.
What’s going on?
It has been a much-asked question, especially overseas. By the time I […]

No Comments » - Posted in South Africa by Prieur du Plessis
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