Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property advisory & buyer's agents.
Check us out here www.allenwargent.com - to invest in Sydney/Brisbane property or for media/public speaking requests email email@example.com
Pete Wargent blogspot
Co-founder & CEO of AllenWargent property advisory & buyer's agents, 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'.
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Friday, 25 January 2013
Dow 14,000? (LOL)
The Dow Jones Industrial Average (DJIA) continues its great recovery from the depths of the financial crisis, ticking up another 0.4% to 13,833.
14,000 looks to be in its sights as and when the debt ceiling crisis threat recedes.
By any measure this is a great recovery from the depths of the financial crisis when the Dow plumbed the depths of below 7,000.
OK, so it's not quite the 40,000 that the Dow was supposed to reach by 2009 as predicted here and in his book by Harry Dent (the Dow in 2009 was actually below 7,000 - doh!).
Source: Yahoo Finance
Dent also predicted the NASDAQ would reach 20,000 by 2009. Again, simply miles out, but today at least after a few years of recovery the NASDAQ is above 3,000.