Dear %%first_name%%,
I’m still positive my predictions for the stock market will come true, but a few disappointing developments, particularly overseas, may cause a slight delay. Today I reveal what these problems are, and why I’m still investing based on my favourable scenario.
Also in the Switzer Super Report, Paul Rickard focuses on Telstra’s off-market buyback. Whether you should accept or not depends on your tax situation – and if your SMSF is in pension phase, he says you are mad if you don’t.
With the price of coal having dropped 51% since January 2011, Nathan Lim says the long-term outlook remains pretty bearish and why some of the reasons for its fall are secular, rather than cyclical. And James Dunn looks at the big companies to report this week, including Wesfarmers and BHP.
In Buy, Sell, Hold – what the brokers say, CSL was upgraded, while two Queensland-centric financial institutions, Suncorp and BOQ, copped downgrades. And auction clearance rates were steady for another week, but more houses have been sold so far this year compared with the same time last year.
Enjoy the read.
Sincerely,
Peter Switzer