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, 26 November 2012

Shares tick up cautiously pending Greece deal outcome (again!)

I seem to be posting all about property at the moment. Not intentionally, I might add. In fact, after a prolonged absence (mainly due to be being busy doing other stuff), I'm looking to trade the share markets this week, though only if there is a positive outcome from Greece.

The Aussie XJO (ASX 200) ticked up by a quarter of a percent of so today, but progress was very circumspect. Dow futures are down as all eyes are on Europe's "merry-go-round"...yet again! Reports SMH:

"The sharemarket has finished marginally higher today as investors awaited the outcome of a meeting between European finance ministers to determine the next move on Greece’s debt. The benchmark S&P/ASX200 index rose 11.2 points, or 0.3 per cent, to 4424.2, while the broader All Ords gained 12 points, or 0.3 per cent, to 4443.5.

‘‘It was quite a positive week last week and that just seems to have flowed over, with risk assets like stocks, commodities and currencies performing pretty well, so I guess just a shift from the defensive assets into the growth assets,’’ said Darryl Conroy, markets analyst at Suncorp.

Investors were generally cautious as eurozone finance ministers are set to meet for the third time in two weeks to discuss Greece’s aid program.

Greece, after a €130 billion bailout was approved earlier this year, is waiting on several loan instalments to help ease its crippling debt, but so far European leaders have failed to come to an agreement on the details of the plan.

‘‘It’s an absolute merry-go-around [in Europe], it just seems to come up every couple of months. Once again, don’t expect any real, long-lasting solutions. Hopefully markets are just hanging out for what they want to hear,’’ said Mr Conroy"