Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.

4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email pete@allenwargent.com

Monday, 6 August 2012

Confidence returning to stocks?

Trivia: what are the 3 largest Central Business Districts (CBDs) in Australia? (Answer at the end of the post).

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So, is confidence returning?

Well, stocks have now bounced 7.5% over the past two months after a shocking performance in May...



But, commodities are still fairly weak (after a very shocking performance in May)...



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Just an amazing sunset today, though I did feel a slightly green-faced recollection while taking my daily hike around the Botanical Gardens when I noticed the Spirit of Tasmania II moored up at Woolloomooloo Bay on Sydney Harbour. No idea why it is there as I recall the Sydney-Devonport service being terminated way back in early 2006.

Long-time readers of my Blog may recall that I had an unfortunate incident with the vessel during my travels around Xmas time, involving a diabiolically rough overnight Devonport-Melbourne crossing, a vegetable korma and a shortage of sick bags. Shudder.

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Answer to the trivia question is (apparently):

1- Melbourne
2- Sydney
3- North Sydney

Though I do suppose that to some extent this depends on where you draw the boundaries of the respective CBDs. I must say, I had the chance to compare Sydney and North Sydney while out on my early evening constitutional and the difference in size is far less than you might expect.