Although markets are a bit hot and could cool a little in the next couple of weeks, I am bullish into the first month or two of next year. Driven by low rates, increased optimism, improving economic conditions. From the first few months of next year I think markets will have a wobble as the recent rally starts to feel stretched, we enter reporting season (where companies need to deliver) and tapering takes center stage. That cooling off should signify a significant low as the XJO moves to all new highs within 2 years from now and continues to grind higher till about 2018. That could all completely change of course which is why we find investing in the markets so exciting!
Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
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