Stockmarket Sleuth Archive August 2009

Global markets have made staggering gains this year. But there’s one that stands out above the rest: The Chinese Shanghai All Share Index. It’s rallied an unbelievable 75% from the start of the year to its 2009 high. This is huge in any investor’s language. However, it’s since fallen victim to profit taking.

*So far the GDP has contracted for a third quarter but this time only by 3%.
*The JSE has jumped 38% from its March lows.
*Will SA start to see positive growth before the years out?

I’m sure you’ve noticed the massive construction projects happening across the country. The government is pouring big money into infrastructure! Last year, Trevor Manuel announced, in his medium-term budget, that government will spend about R783 billion. That’s R183 billion more than the previous year! I can’t wait to get Stockmarket Sleuth’s portfolio in on the action.

Our local market ended its seven day rally this week thanks to some profit taking and Tito made his final Monetary Policy Committee meeting appearance yesterday.Farewell Tito and thanks for the extra 50 bps drop in rates. Now, let’s see what Gill Marcus has up her sleeve.

 

Most international markets are trading in no-man’s land right now. The last eight days on the Dow and S&P 500 have been flat, while the FTSE is still horizontal after five weeks of trade! Let’s have a look at the Dow and FTSE more closely...

The markets have continued to rally after the great economic news from the US late last week. This sent major indices rocketing up on Monday. The JSE ended the day 2.2% higher, while US markets all closed more than 1% up on the day. It seems the risk appetite of investors globally is on the rise. Let me tell you why...

All Content. Copyright © 2012. Fleet Street Publications Pty (Ltd)

Footer Menu

Disclaimer: All material on this site is provided for information only and may not be construed as medical or financial advice or instruction. The information and opinions provided on this site are believed to be accurate and sound, based on the best judgment available to the authors, but readers who fail to consult with appropriate authorities assume the risk of any injuries or losses. The publisher is not responsible for errors or omissions.