BIS Shrapnel associate director, Kim Hawtrey says “We are at a turning point. We are seeing headwinds looming in the residential market … it will be turning point from a seller's market to a buyer's market. There will not be any bubble bursting or a crash, we don't see it as a bubble anyway but a calming."

On Morgan Stanley analysts are calling the peak of the housing cycle -

Seems that rate cycle has certainly bottomed. With the QE debate unlikely to be factored into the investor psyche until 2014 it feels like there are few impediments to an increase in the momentum of a recovery on the East Coast of Australia. AUD obviously is the key concern for RBA and I think they would be happy to let inflation run a little (if it emerges) before they look at hiking rates.

On Swaps market now pricing 22bp of hike from the RBA, although this is dwarfed by the 86bp of hikes priced in from the... -

Similar arguments in the Australian today applied to Australian Banks. Investors in the Big Banks such as Argo and UBS are saying it is hard to find the banks attractive at this point and that PE's can't continue to expand. Aitken believes most analysts fail to understand what has been driving investor interest in the banks and that they will continue to rise in line with dividends.

On Ron Dewhurst, the former head of Legg Mason's international asset management business (Legg Mason are the 4th largest listed fund in the US and manage around... -

John, another interesting chart here. I have been watching the small resources sector for the last few years and wondering what it is going to take to bring money back into the sector. Sustained recovery in commodity prices is clearly the answer in my view as evidenced by iron ore stocks. Is a recovery from developed nations such as the US + Europe more important to commodity prices or are emerging markets a more powerful influence?

On Strengthening emerging market equity prices may be needed to help precipitate a turn in resources sector stock prices -

A default looks unlikely but the fact we are all talking about it has bruised confidence. Equity markets look to have brushed this aside for the time being but you have to believe volatility will be a feature of the coming months

On No need for the candles and tinned food Read more:... -

This news comes after Abu Dhabi Investment Authority dumped a 4.8% stake in Transurban Group on Monday - the $477million block trade was launched b y UBS when the market closed on Monday afternoon. UBS lodged a substantial shareholder notice on Wednesday afternoon, which showed it had underwritten the t rade on behalf of ADIA subsidiary Tawreed Investments. The block was underwritten at $6.76 a share. Transurban was trading at $6.82 on Wednesday afternoon (0.88% discount).

On Toll road owner Transurban (ASX:TCL) has recorded a 198% profit increase, rebounding after heavy writedowns last year -

On Wall Street jobs ax is swinging again -