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Market slightly overpriced

posted 11 Jan 2013, 16:09 by Ronald Bewley
Since we have the ASX 200 overpriced by about 2.2%, we are very comfortable with the 7-week rally of postive returns coming to a 'gentle' end.
We just posted the Weekly and the ASX 200 exuberance charts. The S&P exuberance charts will go up later today when the data comes through.
Despite cutting the links between Word and Excel - and starting again - we continue to get Micrsoft problems that cut into our Thomson Reuters data feed. We continue to try to find a fix. Until then, we are offering less info on the S&P 500. We reiterate that this problem does not affect our market analysis - only the difficulty of putting reports together.