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.

Saturday, 24 January 2015

Shares Post Gains

The biggest weekly gain in shares seen in about a year.

The XJO (ASX 200) surged by 3.8 percent, spurred on by the ECB's stimulus program decision to buy €60 billion of bonds per month in a bid to stave off deflation in the Eurozone - stand by for one trillion Euros ($1.16 trillion) of newly created money.

Hardly the most inspiring reasoning for stock gains in Australia it must be said, but that seems to be the nature of the asset-buying program beast - bad news can be deemed 'good' news.


There also seems to be a growing swell of support for the notion that interest rates will fall further in Australia too, a view which I've been mulling over for a long time here