Dear %%first_name%%,
The Ukraine drama has put pressure back on stocks today, and the market did not get off to a good start. But if you can ignore the day-to-day ups and downs for just a second, you should take heart from RBA Governor Glenn Stevens comments in Hong Kong overnight, when he suggested that the handover from mining to private demand was beginning.
Charlie Aitken is another advocate of the private-demand led recovery and is big on the banks, based on the East Coast housing led recovery. Also, in the Switzer Super Report today, we have property guru Margaret Lomas telling us all about her SMSF.
Ron Bewley details what stocks not to buy in his update today and in Buy, Sell, Hold – what the brokers say, JB Hi-Fi and Kathmandu get upgrades. Tony Negline examines whether you need to make any changes ahead of the introduction of deeming next year on account-based pensions and in Questions of the Week, he also examines some more estate planning issues.
Finally, watch Paul Rickard and I talk about why the Australian Market is lagging the US market, in our Super TV session.
Sincerely,
Peter Switzer
Earlier this week Paul Rickard and I sat down to talk about why the Australian market has been lagging the US market and why we haven't yet got back to our pre-GFC highs. Watch the video here.