News

June quarter returns poor but don't panic

Wednesday 26th of July 2006
"We continue to be concerned (about the market)," he says. The market was "too sanguine" about earnings risk going forward, and valuations were relatively full, Elliffe said yesterday.

His view is that earnings forecasts are too rosy when compared to what is happening with GDP growth. Assuming GDP continues to weaken, then history suggests earnings will weaken, however the opposite is being...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.