A.I.M. Users Bulletin Board

[Neil Scott]

PYA
Hello Tom, I also have made note of the IW readings as Australia's market follows the US market to a certain extent.
Currently I think the Australian market is overextended but it's amazing how the sirens want to beckon us to the rocks.
Fund managers that were six months ago were saying the market was looking expensive at 4200 are now saying its cheap and good value at 4600.
It keeps hitting new highs each week on the back of the China story, any wobble there and it will come crashing down. I'm keeping my ears open for bird flu reports.
I've not started any new AIM accounts for a while and those I have, have been the variety where I only put $1000 down and wait to see if we get a downside move to fill up the tank.
I've just transferred some cash to a Vanguard Bond Fund so I'm just happy to wait around and hopefully get a few last customers through the door before the storm.

Regards

Neil