MARKETS SPECTATOR: No-brainer rally
Stocks may be in for a bit of a breather as investors take profits, but a continuing flow of money away from cash paints a bullish scenario for high yielding and cyclical shares.
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Comments PolicyThew problem is that many stocks are already overvalued based on a number of indicators so to call a rally is bit rich (MARKETS SPECTATOR: No-brainer rally, December 6).
The other factor is that this bull run is very long in the tooth and overdue for a correction
Brokers have had an easy job lately getting people to buy high yielding stock helped by the RBA lowering rates (MARKETS SPECTATOR: No-brainer rally, December 7). The people believing brokers unfortunately may not know that you get high yields when risk is high for capital loss so it is anyone's guess who will be laughing last. One thing is certain though brokers are happy and fund managers will be getting a performance bonus this xmas. Wouldn't you agree Mr Potter?