Pedaling hard but gone nowhere in 10 years
![Overall forward earnings for the local sharemarket has, by and large, been zero for the past five years.](/content/dam/images/g/m/x/u/h/x/image.related.afrIndexLead.320x210.gnk945.glm88m.png/1458112264710.jpg)
Before celebrating the ASX's recovery, a look at history shows that there have been plenty of false dawns and it can be hard to pick the bottom.
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Before celebrating the ASX's recovery, a look at history shows that there have been plenty of false dawns and it can be hard to pick the bottom.
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