Hi Keith,
Thanks for your views.
Certainly interesting times are ahead. This coming week in the US will make for an interesting one. And of course as mentioned reporting season here in August will be keenly awaited by investors.
It's a strange situation here in Oz. As stated petrol and interest rates are real killers. But the gov't is sitting on a pile of cash it wants to spend but it can't due to capacity constraints and inflation. Housing is unaffordable but a significant undersupply is building. The resource sector is going well thank to China so our dependence on the US is less. However the biggie is sentiment which in some cases seems to be well and truely overriding fundamentals which is not unexpected given human psychology when faced with so much doom and gloom in the press.
In our case we have been steadily buying into quality Industrial shares offering attractive dividends since mid-June but fortunately we were cashed up and have only used a relatively modest amount of borrowed funds. I'm assuming in some instances a probable reduction or no increase in dividends. But the SANF is good. However it would seem that there is unlikely to be any quick turnaround given the problems out there. But I'm a contrarian and I'm patient.
Cheers - Gordon
Thanks for your views.
Certainly interesting times are ahead. This coming week in the US will make for an interesting one. And of course as mentioned reporting season here in August will be keenly awaited by investors.
It's a strange situation here in Oz. As stated petrol and interest rates are real killers. But the gov't is sitting on a pile of cash it wants to spend but it can't due to capacity constraints and inflation. Housing is unaffordable but a significant undersupply is building. The resource sector is going well thank to China so our dependence on the US is less. However the biggie is sentiment which in some cases seems to be well and truely overriding fundamentals which is not unexpected given human psychology when faced with so much doom and gloom in the press.
In our case we have been steadily buying into quality Industrial shares offering attractive dividends since mid-June but fortunately we were cashed up and have only used a relatively modest amount of borrowed funds. I'm assuming in some instances a probable reduction or no increase in dividends. But the SANF is good. However it would seem that there is unlikely to be any quick turnaround given the problems out there. But I'm a contrarian and I'm patient.
Cheers - Gordon