There is a lot of interest in resources stocks and the sector looks set for a good move forward. There are all the usual stories about overseas predators targeting Australian miners, which look cheap on a world-wide comparison.
More Quotes from Martin Angel:People are unwilling to take positions. There is concern about the Australian dollar because of its connection to rates, but also because everybody gets nervous around such volatility.
A lot of investors are still unsure which way the market will go and so are reluctant to jump in.
Everyone is sitting on their hands. No-one wants to play with everyone calling a 25 basis points rate rise on Wednesday.
There may be some bit of caution since we're trading at record levels, but there's a fair bit of money waiting to go into the market.
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