As requested by an encouraging commenter, BB, here is an update for the Australian All Ordinaries (^AORD) Long Term P/E Chart. I’ve included the long term average this time. As always click to enlarge.

Hat tip to Colin Nicholson for his wonderful data.

What if Jeremy Grantham is right and this time is different? What if this secular bull commodities run doesn’t bring enough new resources online to meet the growing demand?
While there are certain to periods of weakness in demand for resources and in the very long run a revolutionary technology or fundamental change in the way we live will bring balance, over the next 20-50 years there seems to be a good chance that Grantham is right and this time is indeed different. We appear to be running out of what …

At some point the Australian residential property bubble will pop. It’s not a matter of if, it’s simply a matter of when. Everything else is noise.

A pull back to the 200DMA would seem to have the shortest odds, so that probably not going to happen. Now is one those times to up the focus on the market, to check up on your watchlist candidates and a final check for dross you should have been selling into this rally. At least that’s what I’m doing.

As the chart highlights the elastic band is very stretched.

Not only is Australia yet again officially the second the best country in the world, it’s the first to raise interest rates.
See you at parity my US friends See you real soon! This raise took AUD over 88 cents. I’ve been banging on about the short USD long AUD trade for most of this year and despite the sudden rush of people late to the party I don’t see it breaking down yet.
I love this comment “Only one of 20 economists surveyed by Bloomberg News forecast today’s move. The …

I continue to up our Australian allocation as I pull back from my favoured investing destination of the US. Regularly taking your Australian potion should help with some of the common side side effects of a devaluing greenback and inflation.

Overview for international investors on why and how to invest in Australia via American Depository Receipts (ADRs), index funds, ETFs and direct investing.

When thinking about investing in Australia most international investors first think of mining. They may be surprised to find that “Australia’s economy is now a service-based economy, with service industries accounting for around 70 per cent of total gross value added. The finance and insurance industry is larger than the booming mining sector…”

The ten best Australian business sites for news, data and opinion on Australian companies and the economy.

International investors should consider the Australian stock market as part of both their stock and currency diversification.
Let’s get cracking with all that’s bonzer, beaut, ace and corker with investing in Australia. I’ll start with the big picture, the Australian Share Market since 1900.