Dear %%first_name%%,

I’m on the island of Patmos enjoying the blue sky and blue sea, but my Switzer Super Report subscribers are much more important! Interestingly, over here they’re not talking about a Greek exit (Grexit) from the eurozone, but a Grecovery! But it’s only less bad news for a country with 27% out of work, but the finance minister can see positive economic growth in 2014, which will be good for stocks worldwide if its true!

So, with the Aussie stock market down in recent times, how should you play stocks now? I look at this issue in today’s note.

Also in today’s Switzer Super Report, we have a product road test – Paul Rickard takes a close look at Balmain Discrete Mortgage Income Trusts. And back to the future – Tony Negline looks at the three year in advance rule and a must-read Administrative Appeals Tribunal case that serves as a warning on what could go wrong. Also, could Fairfax go the way of the Ford Falcon? Greg Fraser looks at the hard road ahead for the media company. Plus, we have the weekend’s auction rates and this week’s broker wrap from Rudi Filapek-Vandyck – finally there are more upgrades than downgrades.



Sincerely,

Peter Switzer

The Australian economy expanded 0.6% in the March quarter following a rise of 0.6% in the December quarter. Annual economic growth was 2.5%, which was below long-term average of 3-3.25%.


Net exports contributed the most to growth with one percentage point, while the biggest drag on growth was public investment, down 0.9 percentage points. Only six out of 19 industry sectors contracted. Financial and insurance services contributed the most to growth with 0.2 percentage points. Among the industries contributing 0.1 percentage points were mining, retail trade, agriculture, transport, postal and warehouse, administrative and support services, and public administration.