By historical measures, ASX stocks may appear inexpensive, but I propose they are not good value.
Growth measured by historical performance and current and future prospects are unexciting, and likely to disappoint.
The most appealing companies appear to be in the online space, but the minute I see them venturing offshore, I know they too are facing saturation domestically.
Waiting for them is an ass-lickin from the international competition.
The All Ords reached around 6800 just before the GFC. I propose it is likely to be at least another decade before we re-visit that lofty plateau.