Is it time to pounce?

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Key points

  • Conditions look good and a financial year forecast for 2015/16 might leave us just under 6,500 in June 2016.
  • Property is probably the least attractive sector at this point in time but financials, with a yield back above 5% (plus franking credits) and a forecast capital gain over the next 12 months of 9% look tasty.

 

The market has undergone a major adjustment in the last little while. Some saw it as a market correction and the demise of the high-yield play. I see it as a time to get set with a little more confidence than normal. The backdrop for this posting is that it looks like our financial year forecast for 2015/16 might leave us just under 6500 in June 2016!

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