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1.Market Observations

28 Nov 2013 (AFR) – Australian shares start to look a little expensive

(28 Nov 2013, AFR, p25, Philip Baker)

‘Much has been made about the expansion in the price-earnings ratio that has gone on for the past year and been a key driver behind the sharemarket gains. At a multiple of about 14.5 times forward earnings shares are now looking a little expensive when compared to other global markets.’

Read more at AFR.com (might need AFR login access)

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