Good morning sports fans,

Happy New Year to everyone and let the games begin. After a very relaxing Xmas break it’s hard to get back in the saddle I must say. The market has behaved impeccably whilst I have been sunning myself in God’s Country and hit the 4750 mark which I optimistically talked about..I did get my timing wrong as I hoped it would be 4750 by Xmas, I then revised down to 4650, and then lo and behold as the ‘big bluff’ issues in the US were kicked down the road, we pushed ahead..so what now..well, it will grind higher.

I will put together the usual format next week but a few interesting things to think about…

In October 2011 I talked in my morning rant of the 100 buck packages..I even went on TV and talked about them…at that time you could buy all four banks for $100 and BHP and RIO and FMG for the same $100…I suggested both 100 buck chucks were worth an investment.,..well, here we are some 14 months later and if we look at the prices the Bank Package is over 140 bucks and the Resource package is 110….there are of course dividends which in the case of the banks is not unsubstantial….not rocket science but a 40 % gain in four banks plus divs is so much better than bank deposits!!

Happy to see that AGO which I recommended before Xmas have rallied 37% since I talked about them..better than bank deposits!!

So what advice can I give you….read my emails!!If they go to junk, sign up to my blog and you won’t miss a thing..it’s not too difficult..the idea of the day is worth a read alone!!

As they say if you get enough monkeys and typewriters eventually they will write Hamlet….so it is with my emails I guess some people think, but I do try and pick winners and let you know what to buy…if you need to keep me honest then this blog has all the emails I wrote last year in one handy spot…

So Happy New Year, the market last year had a really good 2012 ,suspect 2013 will continue in much the same vein for a while yet…skies are clearing of issues on the macro front and it’s time to look at individual companies…which we will!!

And finally….

The proper behaviour all through the holiday season is to be drunk. This drunkenness culminates on New Year’s Eve, when you get so drunk you kiss the person you’re married to. P.J. O’Rourke

Have a great day …its gonna be a hot one in Sydney today so stay safe!

Clarence

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Any financial product advice contained in this email is general financial product advice only and does not take into account any one person’s objectives, financial situation or needs. Therefore, before acting on any financial product advice in this email, you should consider, with or without the assistance of an independent adviser, the appropriateness of the advice, having regard to your objectives, financial situation and needs.