Australian Investment Blog

For our members who missed out on yesterday’s webinar, please click here.

The press loves to lead with a headline and today one was “NASDAQ closes at all-time high”, but of course there was no mention of the DOW’s 0.3% gain from the highs of December 2014. I always try and remain open minded about the position of markets and as I watch for a decent top in the US stock market, the DOW’s minor advance over 6 months is far from impulsive – see chart 1. The questions I received during last night’s webinar were dominated by my thoughts of an equity market correction and the old favourite iron ore.

• My experience is identifying tops is ten times harder than bottoms, as investors want to by definition buy not sell.