TIP: Click on subject to list as thread! ANSI
echo: aust_biz
to: Graham Comitti
from: Lindsay McKeon
date: 1994-10-28 19:28:20
subject: Austoft AGM

GC> I see its run back up from around the $1.15 over the past month, and 
 GC> jumped 4c yesterday.  Be interesting to see if it can continue to run 
 GC> against the tide, as volume is way down now.  

I dunno. The reason I posted this info (and some others, maybe) is
that info for the smaller stocks is hard to come by, especially
if it's outside of your broker's state. I'd like to hear of other
companies that readers of this echo may have knowledge of.
 
Went to a free seminar put on by Bains on Thursday. One speaker
was Don Stammers, the economist. His guesses for the next year or
so included the 10yr bond rate going to 11% and the short term
bond rate going to 8-9%.  He believes the bond market's fears of
inflation are overdone, but we'll have to wait until the high 
inflation rates don't eventuate and the US growth rates fall before
the 10yr bonds fall back.
 
His bets for the next year is that the US economy will slow faster
that most believe and the Japanese market will recover much faster
than people expect.
 
He also believes the Japanese trade surplus will be pegged back, 
contrary to people's expectations.
 
For the short term (6 months) he believes resources are the hot spot
in the share market, but it will become dangerous after that.
He believes industrials will be weak until long term bonds come
down again. He believes they're not finished yet in this cycle, 
with good prices to be achieved over the next 3-4 years.
 
He believes economic conditions are now more like the sixties, with
solidly based growth on top of low inflation rates.
 
LM

--- Maximus/2 2.01wb

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