The “panic attack” that gripped investors over the last couple of days will pass and financial markets will rebound, according to investment experts. Professional Planner reports that while the timing of a rebound is uncertain, investment research firms said the fundamentals of the Australian market are strong. Fund managers also said the Australian market is currently valued at about 10 to 11 times earnings, with a 5 per cent dividend yield. However, Australian stocks have historically traded at between 14 and 15 times earnings, and market returns, from dividends and earnings growth, may be as much as 15 per cent in the coming year.
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