After the Yanks sucked up a shocking GDP number - a 1% fall, which was double the expectation - and personal income as well as spending was down in April, the S&P 500 still hovers in record high territory! So w..

Here’s an interesting idea if you want to go against the flow. It’s not for “widows and orphans”, but Charlie is optimistic and takes heart from two big US funds buying 25% of the stock.

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The calls for a correction are gathering, and yes, there might be a stock slide on the way, but the big picture forecast is for a long gradual move upwards. This means any falls are buying opportunities.

With the media over-preoccupied with the Budget, Tony’s women issues (which is code for Fairfax/ABC issues) and the legitimate concern of how badly Joe and Tony have sold this ‘tough’ Budget, in the words..

The next few months will see a short-term value correction, but this is just a blip, or buying opportunity, on the way to 6000.