Had a peaceful week. The "Taper" is here at last. Global markets look poised for a good 2014 & 2015....The OZ market will lag the pack because we are heavily weighed towards resources names with no much diversity....It is a struggle investing solely in local outfits. The broad themes for the next couple of years will be heavily influenced by: # the resurgence of the US as the undisputed leader with its energy independence & resilient economy. # The rise of Europe & Japan. # The change/reform in China. We better get serious & start separating the winners from the losers. The winners will be those with global operations particularly in the US & Europe....Lucky I hold a few...SDI...AZV...ICS...MBE...MNW...MKB...RFT...MIX...Plus a few biotechs. One sector I am keen on is Hospitality/Tourism....Chinese middle class will travel....We will likely see our tourism industry pick up significantly ,specially with a subdued AUD....Don't miss this sector. I know who the losers are....small explorers...Goldies...Mining Services ...the likes of BOL...AAX...TSE...MAH have no hope in hell...They may look dirt cheap ,but don't fall in the trap of buying cheap stocks....some of them may go belly up...The picture will look gloomier in the next year or two.
