Bizarro AIMo part 4
The NASDAQ powers to a six year high, and the AIM does…zip.
The AIM is up 0.17% on the day, and more than 8% off its one year high.
If the AIM is the market for growth stocks, not to mention speculators, why are the Dow and the NASDAQ hitting all time highs while the AIM is sleeping?
MRM
Excellent question.
Below is a great “marketing” document for the AIM and related myths. One of the charts show that (PE) valuations on AIMo have actually gone down consistently over the past few years and are more inline with other exchanges. The marketing spin put on that particular chart is that the “oil & gas” companies are bringing the average valuation down for the AIMo (and not that investors had been historically overpaying and this trend is correcting itself with increased liquidity/number of issuers).
http://www.londonstockexchange.com/NR/rdonlyres/542999EC-D677-435F-B492-CB20FE3642A2/0/ExplodingSomeMythsWhitePaperFINAL28112006.pdf