Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

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.

Monday, 28 January 2013

China stocks up 2.4%; bumper start to 2013

With Dow only a few % from its all time highs, and China's Shanghai composite notching up another 2.4%  to hit a 7 month high, it could be a bumper year for Aussie stocks which have languished a little to date.

From Bloomberg:

"The Shanghai Composite Index (SHCOMP) rose 2.4 percent to 2,346.51, the highest close since June 1. The CSI 300 Index (SHSZ300) climbed 3.1 percent to 2,651.86. The Shanghai index has risen 19.7 percent since approaching a near four-year low on Dec. 3 amid signs of an economic recovery. The CSI 300 rallied 26 percent."

This is when it pays to use your own eyes and ears.

Certain internet forums have positioned themselves as "alternatives" to the mainstream media and will continue to highlight any doom any gloom they can find.

Don't be surprised by that: there is a big market for doomsaying and it will be filled. A loss of 100 jobs will attract a major headline, but economist projections of unemployment topping out are barely deemed worthy of a mention.

Plenty would like to see a collapse in the world order in the mistaken belief that their lives will become easier as a result.

It's extraordinary to think that against this backdrop of apparent misery, smart stock investors have continued to do what they always do and have made a killing.

The Dow Jones index at close to 14,000 is at double the level that it was at in 2009.