Share markets have added another 30 points or so or 0.6% after a thumping overnight trade in the US.
This puts our Aussie share markets right back up there nudging 6 year highs, and thus it's realistic to expect that a dividend-rich portfolio should have recovered well from the financial crisis correction.
In terms of market valuations, the trailing PE ratio makes our market seem a little on the expensive side as measured by the MSCI indices.
But forward PEs as measured across the MSCI indices put valuations in a seemingly more reasonable range.
After the 2008/9 lull, the market has returned to a more realistic long-term valuation.