Dear %%first_name%%,
News flash! And no it’s not about the proposed media reforms and which dictator Stephen Conroy resembles today – it’s something way more important than that – the Dow Jones is up by more than 10% in the first quarter. Did you know that since 1950 the Dow has risen by 8% or more in the first quarter in 12 out of those 63 years?
Of course there are risks and today I look at what could slow this rally down and the possibility of each of those things happening.
Keep an ear out for Ben Bernanke’s news conference during the week too, because when Benny speaks, we all listen!
Also in the Switzer Super Report today, Paul Rickard looks at how close a bond market Armageddon might be and Lance Lai analyses the possibility of a pullback in his chart analysis. In property, Penny Pryor examines auction clearance rates and Tony Negline explains why the questions you ask the ATO are sometimes just as important as the answers. Rudi Filapek-Vandyck’s broker report includes downgrades of DJS, Myers and NAB.
Sincerely,
Peter Switzer