Qohel Home Page

Click photo to go to Peter's profile






Quality Web Hosting at the Best Price






www.1and1.com

After gains in US markets yesterday, and the Wells, Fargo and Co bank announcing a higher than expected profit.

But Comsec chief economist Craig James says there is still a bumpy road ahead. “Investors shouldn’t be surprised if companies report declines of up to 50 per cent in earnings per share compared with a year earlier,” he said.

Between counter-productive government stimulus plans, high unemployment and reduced profits, I don’t think we can expect any gains for a while yet. Anyone needing to get their superannuation out now is not going to be happy.

But if you have spare cash and a long term plan, it is a better time to be buying shares than selling them. And the same goes for real estate.

Leave a Reply