At 17.5 we're getting pretty close to my "warning light" level for an overvalued market. No-one knows how far this market will go, but from an expected return vs risk perspective I'm slowly covering my long positions with put options.
Friday 31 May 2013
JSE ALSI PE Ratio
At 17.5 we're getting pretty close to my "warning light" level for an overvalued market. No-one knows how far this market will go, but from an expected return vs risk perspective I'm slowly covering my long positions with put options.
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