Market Wrap - Week Ending Friday 12th September 2008

There much commentary around at present, but be careful who you listen to. Many economists change their mind more than I change my shirt. I heard on the news last week that the Aussie dollar will go to 0.75c, wow what a great insight. What I didn't hear is why. Statements with out any supporting theory should be left where they belong, in the pub.

This is where our chief economist Michael Knox is different. Why? Because everything he tells us, he puts in writing. He publishes his view on a regular bases. You can go back and check if what he is telling you today, is in line with previous comments, or if he has done a back flip.

His view is that the market is cheap right now. Based on key issues in his market model, the market is discounted 20% and so is the Aussie dollar.  The US dollar is over bought and will pull back, it must. That is the only way they can keep their economy under control.

Based on his latest report there is only a 1 to 2 percent chance that the Aussie dollar and the market will stay this low. He is also very confident that there will be a further resources boom over the coming 2 years.

Even if his is only 50% right on his model, you will still make a lot of money.
Go on; take a look at what he has to say. (When you click the link it will open a new page)

Until next week...