Month: March 2014
This morning, the papers are discussing Telstra’s role in the NBN as they are shaping up to play a major role in the construction of the national broadband network (NBN Co.). My question is whether Telstra / Telco’s are a place to invest some funds away from banks as interest rates start to rise. I have generally been very disappointed with Telstra as a company (perhaps they have put me on hold too often!), as their share price remains below 2005 highs and over 40% below 1999 levels. However, the share price has had a stellar run since 2010 almost doubling and paying great dividends but so it should with its monopoly in areas, plus excellent market take up of mobile phones, internet etc.
The ASX 200 was surprisingly strong today, closing 39 points higher as the month and quarter end led to a complete lack of selling.
The gold price has fallen over $US100/oz from the highs of this month and is now only $US100/oz from the lows since 2008.
The ASX 200 was solid today, closing up 16 points after trading -22 points lower intraday.
The ASX 200 closed 26 points, led by the resource sector with BHP -57c & RIO -49c.
The Dow is off 99 points overnight after being up 91 points the day before. People keep asking me ” where is this the market going ?”. My answer remains boringly the same “ I believe it’s a mature bull market, that will be choppy but is going higher”. Markets are like a jigsaw puzzle, but when you have all the pieces, it’s history. The sooner you can predict the picture / outcome with a few pieces of the puzzle the better your position and the further ahead of the pack you can be.
Fund Managers have enjoyed equity strength recently, so how can we capitalise on their gains?
The ASX 200 was surprisingly strong today, closing 40 points higher with an apparent inflow of money via the futures market.
The release of poor economic data continues flowing out of China, pointing to a slowdown in GDP growth and a potential failure to meet 2014 government growth targets.
The ASX 200 yet again saw value buyers enter the market after lunch with the intra-day low bouncing to a close of just -9pts. The rally was led by resource names with BHP closing +18c, FMG +8c & RIO +88c.
Really bullish, there's more to go in the reflation rally
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