The Market Wrap Friday 14-8-09

When will it stop?

Last week I called 4800 before Christmas, the way the market performed this week it could be before the end of August. Regardless of how high the current market rally goes keep in mind that we are still in a Bear market. There are still some real economic issues to deal with both in Australia and around the world.

I still expect some weakness in September and October so I for one will be looking to take profits and lock in some of these recent gains. Do not exit the market but look for the cycles and grab the next wave.

My pick next, is the property sector and I will bring out my ideas on this shortly.