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'.

"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

Thursday, 31 October 2013

"Stocks the only game in town"

With the Fed Reserve 'taper' of stimulus looking to be months away yet still, stock markets are now really firing again.

In the US, it's been said that "stocks are the only game in town" with fixed interest investments generating such low yields and the Fed continuing with its bond-buying program.

We'll likely see some moderate losses on the ASX today following falls in the US overnight (from US all-time highs in the previous trade - the S&P 500 remains over 1,760 and the DJIA above 15,600).

Nevertheless, the Aussie stock market is now back on track and enjoying another tremendous run since late June, the XJO (ASX 200) having broken through the 5,400 barrier.

The Aussie bank shares have to date ignored the "bubble" calls and have moved up to around all-time highs, but price-to-book ratios are now just starting to look a little elevated again based upon historical averages. 

And if those P/B ratios move above 3...look out.

Traders will be getting increasingly nervous as stocks climb the "wall of worry" but will also be concerned about missing out. 

Long-term holders and regular buyers should focus on their growing dividend streams. Traders, of course, should keep close stops in place!

Source: ASX