The FTSE 100 doesn’t look expensive on a P/E basis — though it hardly looks cheap — and the 3.7% dividend yield isn’t unattractive. However both metrics will turn partly on performance of the energy and mining sector, and who can be confident of any imminent recovery there?
Is The FTSE 100 Cheap Right Now?
VIDEO: One Fool takes a closer look at the FTSE 100 (INDEXFTSE:UKX).
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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