The case for sticking with stocks was made even stronger when Australian Treasurer, Joe Hockey, talked the G20 finance ministers into going for growth targets, which will pump up growth by 2% or $2 trillion over the next five years. And be clear on this, the stronger the global economy grows, the greater the chances are that this bull market for our stocks will keep running.
This good news about a more pro-growth G20 is especially important for an economy such as Australia, where many of its top companies are key exporters. The likes of BHP and Rio will be big beneficiaries of a faster growing world economy.
Results support 6000
Right now the results from the local earnings season have been encouraging for optimists like yours truly, who have a 2014 target for the S&P/ASX 200 of 6,000.