Back in 2001, resource prices were the cheapest ever in the history of capitalism and tangibles were not on the radar screen of many investors (they still are not). Fast forward to early 2008, where prices of resources are heading to the heavens, money is starting to pour into the sector and investors are beginning to take notice of the boom. So, where do we go from here? It is my observation that the current bull-market is still in its early days and fundamentals indicate that we have a long way to go.
June 20th, 2008 | Puru Saxena | 3 comments | ContinuedAll Posts Tagged With: "resource bull market"
The Industrials Show Us the Effects of Rising Energy Costs in the Real Economy
You don’t need to be DaVinci to decode this performance do you? Resource and energy producers are up with higher oil and bulk commodity prices (and probably some hot foreign money). Financials are down as investors wonder how banks will grow earnings in 2008. The consumer discretionary sector is the market shrieking in horror at the effect of all the interest rate rises on the Aussie consumer.
May 19th, 2008 | Dan Denning | 0 comments | Continued