Friday, August 04, 2006

Stock Market update

Just a quick update today ...

The market has taken a tumble today including some of the stocks which have been reported. These are followup losses to the interest rate rise I believe.

I expect the Austrailan stocks to move sideways for a while before starting a new trend. Which way this trend goes is still up in the air and will depend alot of profit results of companies and the economy.

Corporate Express Limited (CXP) needs to be analysed soon to determine if this is a stock worth buying for the future. Is it a better alternative then some of the stocks we currently own. I will get to this as soon as I have a chance.

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