The outlook for the banks has improved substantially in the past six months. Housing lending has held up better than expected and business lending has been very, very strong.
More Quotes from Paul Xiradis:
Commodity companies have in the past been price takers rather than price makers, and that won't change dramatically, but if you have greater control of your supply, that makes it more favorable to the mining companies.Paul Xiradis
It's hard to see where the future of Telstra's business lies, ... Its ongoing battle with the government isn't inspiring shareholders either.
Paul Xiradis
I'm still backing the miners to outperform because there's no let up yet in the commodities boom. A lot of the good news about demand from China may be understated and you'd have to think this rally has some way to go yet.
Paul Xiradis
Rita is one big question mark that's been removed and it's safer to buy stocks now. Companies that do business in the U.S. are naturally going to be more relieved.
Paul Xiradis
A bit of softness in steel and building materials was expected, but perhaps not to this extent. The market overall has moved up in accordance with expectations for earnings, so any company that doesn't meet them will take a bath.
Paul Xiradis
Commodities are still looking strong and brokers continue to upgrade their numbers. It presents an opportunity to buy.
Paul Xiradis
Readers Who Like This Quotation Also Like:
Based on Topics: Past QuotesI don't try to guess what a million people will like. It's hard enough to know what I like.
John Huston
If you don't give your kid freedom to make choices with money, including stupid choices, he'll make plenty when he gets to college.
John Gardner
I really, really love music. I'm affected by it and uplifted by it, and made to laugh and cry, and almost fall in love with the person who has made me feel so brilliant and communicated so profoundly to me.
Siobhan Fahey