The first chart below provides a historic view of the Real (CPI adjusted) FTSE 100 Price and the Real FTSE 100 P/E. Look at the trend line of the Real Price. After you strip out the effects of inflation the perceived market value is doing not much more than oscillating above and below...
The pound rose today in anticipation of the deal. I’m sure the markets understood what kind of deal it was. The notion that the ‘strong’ pound and the (ludicrously inflated by QE) bullish stock market somehow vindicates Brexit is too absurd for words. Why does this post even exist? T...
The first chart below provides a historic view of the Real (CPI adjusted) FTSE 100 Price and the Real FTSE 100 P/E. Look at the trend line of the Real Price. After you strip out the effects of inflation the perceived market value is doing not much more than oscillating above and below...