Sharemarket Update November 2011

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Running Time: 4:52

Date: 01/11/2011

The stock market's recovered ground - has it hit bottom and is the worst over?

The recent sharemarket rebound has raised hopes that it's hitbottom and started to turn the corner. Lincoln Stock Doctor's Elio D'Amato says it's still hard to tell, but what is certain is that there's deep value in the market, with strong Australian companies trading at share prices well below their real value. And a number of well-performing businesses have been buying back their own shares - a sign of confidence in their prospects which bodes well for shareholders.