Andrew Page

Are we headed for another great depression? Many seemingly credible commentators seem to thinks so, although as is often the case there is conflicting views and rigorous debate.

All traders know the trend is your friend. That is, you buy when prices are rising and sell when prices are falling; a seemingly self evident truth that is entirely logical, or is it?

When it comes to the federal budget, it’s virtually impossible to keep everyone happy.

There is a long standing though controversial theory known as the Efficient Market Hypothesis. Basically, it rather bizarrely claims that well informed markets react with almost perfect efficiency in pricing new information into shares.

Since hitting the bear market low in March last year the share market has gained an impressive 56%. Although the damage done by the worst financial disaster in decades was not insignificant, the most dire of predictions failed to pass and we are increasingly seeing more cause for optimism. Though any recovery may indeed be difficult, prolonged and uncertain, there is money to be made.