STI close (31 July 2015): 3202.5
PE10: 13.45x

Local markets have been really quiet. Surge in volume in pennies, Noble getting whacked, oil-related counters also bearing the brunt. Lots of external news such as the financial market joke that is China and Greece’s debt problems (which, like the proverbial can, got kicked further down the road).

The STI has fallen quite a bit, especially in the last few days of July which makes it quite attractive, honestly. Getting close to valuation levels where I would start to get excited.

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