Sunset Strip | Aussie market jumped up on positive global lead to post GFC high and then pulled back with some profit taking

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market jumped up on positive global lead to post GFC high and then pulled back with some profit taking. Aussie market was slight positive 0.06% with turnover was just below $5.8b. Financial sector inquiry has left the banks in the same place as ASADA left the football codes. The lack of understanding drove all the yield investors to jump into TLS and drive it up to 13 year high level. Spot gold bounced from $1290 as we expected...now $1305...more to come. Carbon tax was finally put to death while we wait on the new direct action tax comes on board. Not sure if the public realises, but we just transferred the tax from corporates to the public. Pick of the day remains with Southern Cross Media (SXL)...expect it to go over $1.40 in the next 12mths. (VIEW LINK)


Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

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