The Bulls are running and the Rat is coming….

• The S&P ASX-200 closed slightly lower yesterday (7,066) after a bull run that saw record highs being recorded day after day. We are now the world’s most expensive with PE ratios at more than 18 times (20% above the long term average). With multiples at record highs will investors look to real property? Cash is certainly not an option.
• After rising 18.4% last year (it’s best performance since 2009), the ASX 200 is up nearly 6% already this year.
• Financial markets see a 55% chance of the cash rate being cut to 0.5% on February 4.
• All eyes will be on key employment figures released on Thursday. Most economists expect the unemployment rate to remain unchanged at 5.2%.
• The Aussie dollar is at $US .686c
• We’re entering into the Chinese Year of the Rat, so a happy Lunar New Year to everyone and have a great and safe Australia Day this weekend.
• There are 12,562 properties for sale in Perth at present which is 24% lower than levels seen a year ago; so no wonder buyers are complaining of a lack of stock.
• Call me to see if I have your Buyer in my extensive database.