Meridian Weekly Market Update – 26/10/09
Posted on 26. Oct, 2009 by Anthony in Stock Broker Reports
CORRECTION WHAT CORRECTION ? – “BEWARE ITS COMING”…
I did say when everyone believes that this market will keep going up, only then
will we see a healthy correction, surely we must be close now as even I am beginning to think right now our markets will never fall again..
To the untrained eye some may have thought it was a flat week for our Aussie market. Don’t be fooled, take a look at our weekly sector performances & it is
crystal clear that a defensive move is under way with food and health sectors showing signs of strength.
The telecommunication sector & Telstra “FINALLY” had a good week as investors went bargain hunting..
Our Aussie commodity stocks continued to climb higher during the week & a much anticipated U.S dollar rally OR Aussie dollar breather remains still on hold..
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