Update: A Blip
November 29th 2006 03:55
The Portfolio 1.5 - EW* took a blip yesterday by posting a loss of 0.36% to a closing return of 34.35% or $56,584 in total portfolio value. Profits were down by $153 to $13,537 after deducting first round of transactions of $30 per trade.
The market yesterday took a dive as well as fears of consumer spending slowdown in the US during the festive season looks to be solidifying by the day. The ASX S&P 200 benchmark index slipped 1.2% or 67.9 points to 5384.3 points after investors took into consideration of the pessimistic US situation and crude oil price fears, currently at USD60 per barrel. But all is well as there needs to be some correction for the market for it has been a rather volatile period lately. Analysts believe the market will go sideways for the time being but would eventually recover back to level as it should be at the end of the year, afterall the local market is not overvalued, there are still some stairways to run up.
Adding to the optimism, the RBA expects inflation for the coming year to be controlled as oil and banana prices are believe to head south. If the expecatations are indeed true, it augurs well for the people as interest rates will be remain as it is.
*Disclosure
NOT SPECIFIC INVESTMENT ADVICE
This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person.
The blogger makes no recommendations as to the merits of any investment opportunity referred to in its website. It is advisable to obtain specific investment advice before making anyinvestment decisions relying on the information provided. While the information available in this publication is obtained from sources believed to be reliable, the blogger gives no assurances or guarantees that the information is accurate, complete or current.
The information is provided for informational purposes only and not intended to constitute legal, financial or professional advice. It has no regard to the investment objectives or circumstances (financial or otherwise) of particular recipients, and is not an exhaustive outline of available investment opportunities.
Appropriate professional advice should be obtained prior to acting on any information contained in this publication. The blogger will not be liable for any loss or damage incurred by any person directly or indirectly as a result of reliance on the information contained in this publication.
PAST RESULTS
Any past results shown or mentioned in any of our reports or web pages do not guarantee future performance.
ACCURACY OF DATA
Whilst all information on this site is believed to be accurate, we take no responsibility and give no assurances that it is accurate. We advise that you to double check any
data before acting upon this information.
Winner stocks are highlighted in yellow
The market yesterday took a dive as well as fears of consumer spending slowdown in the US during the festive season looks to be solidifying by the day. The ASX S&P 200 benchmark index slipped 1.2% or 67.9 points to 5384.3 points after investors took into consideration of the pessimistic US situation and crude oil price fears, currently at USD60 per barrel. But all is well as there needs to be some correction for the market for it has been a rather volatile period lately. Analysts believe the market will go sideways for the time being but would eventually recover back to level as it should be at the end of the year, afterall the local market is not overvalued, there are still some stairways to run up.
Adding to the optimism, the RBA expects inflation for the coming year to be controlled as oil and banana prices are believe to head south. If the expecatations are indeed true, it augurs well for the people as interest rates will be remain as it is.
*Disclosure
NOT SPECIFIC INVESTMENT ADVICE
This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person.
The blogger makes no recommendations as to the merits of any investment opportunity referred to in its website. It is advisable to obtain specific investment advice before making anyinvestment decisions relying on the information provided. While the information available in this publication is obtained from sources believed to be reliable, the blogger gives no assurances or guarantees that the information is accurate, complete or current.
The information is provided for informational purposes only and not intended to constitute legal, financial or professional advice. It has no regard to the investment objectives or circumstances (financial or otherwise) of particular recipients, and is not an exhaustive outline of available investment opportunities.
Appropriate professional advice should be obtained prior to acting on any information contained in this publication. The blogger will not be liable for any loss or damage incurred by any person directly or indirectly as a result of reliance on the information contained in this publication.
PAST RESULTS
Any past results shown or mentioned in any of our reports or web pages do not guarantee future performance.
ACCURACY OF DATA
Whilst all information on this site is believed to be accurate, we take no responsibility and give no assurances that it is accurate. We advise that you to double check any
data before acting upon this information.
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