Ben Griffiths: Aussie market will hit pre GFC high this year

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Ben Griffiths: Aussie market will hit pre GFC high this year. Ben Griffiths from Eley Griffiths Group is betting on further gains in the Australian market, underpinned by a view that large sums of offshore money are making their way down under. If you ask the guys in the office, they will tell you I have laid down a bet that the Australian market will reach the old high this year... According to my sources there are a number of sizeable offshore investors who have done their work and now think Australia is looking like a pretty good setup. Grifftihs says the combination of the falling dollar and easing of domestic interest rates provide a strong setting for equities. In addition, Griffiths says one of the important elements the domestic market needed was a major bid of some description. This came in February via the sizeable bid for Toll Holdings by Japan Post, which he says, 'has been an incredible fillip for the market.' Watch the interview via Switzer: (VIEW LINK)


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