Buy Australia – the share market looks cheap

When viewed with a long term perspective the Australian share market is looking cheap.

Strong company earnings combined with the fearful market sell-off has provided an attractive buying opportunity. With the market down 16% from its year high the trailing price to earnings (P/E) of 12.63 is flashing a buy signal.

An average dividend yield of 4.7% on the All Ordinaries (^AORD) is the icing on the cake.

Data Source: Colin Nicholson

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