US & Asia Pacific Equity Markets Commentary 03 - 10 Aug 07

The commentary for 03 - 10 Aug 07 have been posted and they can be viewed at:
US and Asia Pacific Equity Markets Commentary

The U.S. commentary is being done at the moment and should be up in a few hours.

The overview page is current "work in progress" and will be done if when I get the time. I've written a short section about why fundamental analysis should not be used by itself in the Australian Market commentary here. The reason why I did it was because one of my mates at Mariner Financial showed the webpage to one of his mates working at an analyst (I think), and I was immediately branded as a Technical Analyst. Not that I've any problem with that, but what he commented was very true about the retail investment funds industry - that they are all very fundamentally driven and view technical analysis as a high risk methodology.

I don't blame them for thinking like that because that's what they've been taught to believe in, and how they got the job in the first place. And when I go for interviews at such places, I had to "hide" the fact that I do technical analysis because it was frowned upon. I was telling Geoff that I might be better off "playing the game" by trying to be fundamentally inclined and get the job, and if I play it well enough, I'll hit 6-figures in 2 years as an analyst. But alas, my wretchedness got the better of me, not wanting to give in and to keep doing what I know is much better. But don't get me wrong, I believe in fundamentals and incorporate it into my methodology, I just don't use it by itself.

Went for a psychometric test for a position in Macquarie Bank last Friday, but have really no clue about the outcome. I answered the questions as truthfully as I can and hopefully I'm what they want.

Take care.