Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Tuesday, 3 January 2017

ASX hits 19-month high (Thundermentals)

For the record, I don't believe this is sustainable.

Quite probably we'll see falls once commodity prices wake up to themselves, like a suspended Wile E. Coyote pedalling manically off the edge of a steep cliff. 

Still, here it is: Aussie stocks at their highest level in 19 months.

The FTSE 100 clocked up another intra-day record high today, too.

Exuberant times...