Must say, most all the trading statements released in the last two to three weeks dissapointed to the down side. Maybe a commom theme for the next year ?? Most companies traded off a very low base coming from 2009 onwards. I think we're not going to see a very exciting 2013 on the markets. My thinking is high single or low double digit movement on the TOP40, but stock pickers choosing the right stock will easily outperform the general market.
agree,market has priced in very good earnings.That being said does not mean market cant go higher from where we are but a pullback would be healthy.Many fund managers got fooled at the end of last year and underperformed the market.I am waiting for APN trading statement ...mmm.Will have to wait and see