March 30, 2010
Australia is dependent very much on growth in the world economy and interest rates are moving up in a pre-emptive move against (asset) inflation.
March 23, 2010
The markets have developed a speculative tone. "Investment is not speculation" and to further emphasise the point we stress "speculation is not investment".
March 16, 2010
Two weeks ago we were of the opinion that March would be a good month to stay long and strong in equities. Then last week our technicals and quant data indicated that markets were hesitating and that an imminent retracement might be on the near-term horizon.
March 9, 2010
Over the past two weeks the market has not surprised us, but we have entered limbo-land waiting for the next move
March 2, 2010
Our global proxy, the SP500 is above 1100, closing last night at 1115. In the 19 day downwave which (on our calculations) finished on 15 February, the downwave low was 1057, about 6% below current levels.