Selmax I agree on the REITS (although I would qualify that by saying those that specialise in the Australian market - I'll stay away from anything with US exposure), but I think banks (execpt for CBA) have been weighing down the market while resources have been going gangbusters - I suspect there'll be a rotation at the latest when there's the 1st hint of rate rises in the US or China putting the brakes on.
Last night's US results of a positive market finish despite worse than expected job results suggests there's still a good deal of bullishness in the market. Probably with earnings reports about to start and expectations of good numbers. I've dipped my toe in the water with a couple of small shorts, but I suspect my toe is gonna get singed - again.
Cheers, Sharks.
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