Sydney, Feb 17, 2011 (ABN Newswire) - The equity market still represents remarkable value at current levels, and can in fact be described as cheap, say Clifford Bennett of Herston Economics. While company balance sheets are healthier, and profits higher than pre GFC, their stock prices are still only half what they were back then. With the world growing faster than others had forecast or expected, leaner corporations will reap the dividends.
On the data front the US recorded another good month in manufacturing, taking December/January growth to 1.2%, and on top of retails sales for the same period of 0.8%, despite adverse weather conditions, the outlook remains strong for the US as well as the world economy.
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