The Last Market Wrap for 2009

Downside risk!

By Jason Fittler

The last week has seen the market unable to push up towards 4800 again, however, we have stayed in the trading range. Given that we are moving into the Christmas break I would expect to see trading slow over the coming weeks.

The news out of the US is still mixed while at home it is more upbeat. Last week we had NAB looking to take over AXA and Telstra’s negotiations with the Government looking to have a more positive outcome than first thought.

My money is still on buying good quality stocks paying exceptional yields, the price of a company may jump around on news, but if the company has sustainable dividends it will eventually bring the price back up.

Wishing you all a Merry Christmas and Happy New Year.