Stampeding bears undeterred by declining EPS horizons.


With worsening FY18 earnings forecasts (RHS) and the S&P/ASX200 around 5,700, you'd think a bit of moderation might be on the cards? 

Nope, not today - and it's not because everyone's a bull. It's just as much about bears continuing to run with bulls to keep warm. The alternative is an uninspiring, icy cold cash rate cave (LHS).

eps int rates.jpg

Stampeding bears? Another QE irrationality.  


Subscribe to our periodic Newsletter, NextPerspective.