Dear %%first_name%%,
Is there nothing that can stop the irrepressibility of Wall Street? I really don’t think so, at least not for the medium term. The Dow finished up 2.18% last week and since the beginning of the year has almost put on 10%. Read why I think it will continue this way, and what that means for the Oz market, below.
I’m excited to welcome veteran superannuation columnist Barrie Dunstan to the Switzer Super Report this week. If you don’t know Barrie, and I’m sure most of you will, he has five decades experience writing about business and 25 years at the Australian Financial Review commenting on superannuation and investment management. He’ll be writing for us monthly and today takes a look at China and how you can access that burgeoning market via your SMSF.
Also today we have a look at the auction clearance rates for the weekend – the signs are good there – and James Dunn examines internet darlings Wotif.com and Webjet. Margaret Lomas explains why you should never chose a property on price alone and Nufarm, Westpac and Westfield Retail Trust all get upgrades in Rudi Filapek-Vandyck’s weekly broker wrap. Paul Rickard also details the changes in the ASX/S&P 200.
Sincerely,
Peter Switzer