The Market Wrap Friday 11th October 2009

By Jason Fittler

Is this the pull back.

The pull back we were looking for may have already happened.

At present all news seems to be good news in this market. The market is knocking on the door of 4800, next target is 5400. What we know is that there is a lot of cash sitting on the side lines and with in increase in the interest rates more cash will be coming into our market.

So what to do, there is at lot of value out there but the big blue chips are looking fully valued. You need to start looking at the under performing sectors and into the next level of stocks to find value.

Many investors think that they have missed the jump, well they have. But we are now in a market which is much more stable and there is still value out there if you know where to look.