I note that every single Aust super fund fund manager produced a
negative return in 2002 - the worst returns for near thirty years. Same
article goes on to say the super industry is about to embark on a
marketing campaign to restore its credibility. Yep
Don't forget to keep an eye out for long term double or triple bottoms
(or tops) on some of the bigger stocks. See may. I can refer here to
some earlier comments made about this stock - useful to not buy into a
down trend, especially if the price is still below the moving average,
and don't buy until at least you get a moving average crossover, or
price hits and obvious price that gives a double or triple bottom. A
simple Gann rule there. Stocks make clear double and triple bottoms
often enough to trade sensibly. One caveat tho, faster money is made
trading long with the trend, and buying breakouts to the high side.
Monday's AFR headline, 'Unions to target manufacturers in wage push'.
This is quite significant. Now don't get me wrong here, unions always
seem to be pushing for higher wages (except at recession lows), but such
a new push, organised as "Campaign 2003" comes as rents have climbed
astronomically in the past two years. Go back and re-read the first
property summary I sent a few months ago, and you will see where this
fits in. As the rent (land price) gets higher, living costs get
squeezed, unions will push to be compensated. You can expect greater
union militancy this decade, and into the 18 year property cycle peak.
More importantly, this campaign is targeted at the manufacturing sector.
Mainstream economists will not see the meaning of this as described
above because they are unable (or unwilling) to see the third factor of
production as natural resources, which they consider to be part of
capital. It isn't. Around 2005, as manufacturers get squeezed on the
rent front yet further, then on the wages front, then finally on the
profits front as interest rates rise a little, you can expect less money
flow into manufacturing, more into the specualtive rent seeking
activities. It is then that property will go right over the top. ( In
Remember to watch for other patterns in the trend - see adx. A flag
here, the bottom of the flag often around mid points. Can be quick
trades back to the top of the flagpole if you can see the flag early
enough at the mid point.
ADX - PDF
MAY - PDF