The Gold Blog

The London Independent leads with the headline “The Great Depression” today.
1.1 million Ohio residents alone recieve food stamps, nearly 10% of the Ohio population, and more are elegible.
…and this is no April Fools.

Gold
Gold is down in Asian and early trading in London this morning. Gold was down $14.40 to $916.20 per ounce in trading in New York yesterday while silver was down 62 cents to $17.16 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $897.00, £453.90 and €572.32 (from $937.25, £472.17 [...]

Equity and Bond investments relative value
Equities (as at 31/3/2008)

Equities

Level

Change YTD

Div Yield

P/E

ISEQ

6153

-11.3%

3.3%

7.0

FTSE100

5693

-11.8%

4.3%

11.4

S&P 500

1315

-10.4%

2.3%

19.9

EuroStoxx 50

3030

-17.8%

4.5%

10.3

Nikkei 225

12800

-16.3%

1.7%

14.2

Source: Dolmen Securities Ltd

Are equities cheap?
The P/E ratio of equity markets should be an indicator of fair market value.