Well Done axt!
I read the article during breakfast and I missed out her name. (I really missed her.)
Familiar style... how could I missed it.
Quote:Consider the price of the Singapore market, relative to the 10-year average of its earnings per share, as calculated by Thomson Datastream.
In the past 30 years, the highest the market price has gone up to was 33.5 times its 10-year average earnings. That was in August 1987 just before the October 1987 Black Monday crash.
The lowest the market has plunged to was 10.3 times its 10-year average earnings. That was in February 2009, the darkest point of the recent global financial crisis.
Now, we are at about 14.1 x.
So based on patterns in the past, in so far as companies' earnings are not artificially propped up by low interest costs and barring any structural change in the economic environment, investors who enter the market at current levels have a good chance of earning satisfactory returns from the stock market over the next five years.
The above is an extract of her article (which I keyed in).
The last paragraph is her closing paragraph.
On my first read, I thought that this is a call to buy.
On second read, I highlighted her popping assumptions and then I'm not sure I understood her completely... (sounds like ex-Feb chairman)

Relax...it's Sunday...