40 Quotes by Shane Oliver

U.S. interest rates are pretty close to the top. By year- end it is quite likely the Fed will be shifting toward easing monetary policy and investors will be starting to wonder about a renewed widening in the Australian and U.S. interest-rate gap.

Returns aren't going to be as tragic as some are portraying because the mining stocks are still looking fine. The resources stocks rely more on global growth so, to a degree, they're insulated from many of the woes afflicting our own economy.

Based on the current level of bond yields and earnings fair value around 5 600 points, the dividend yield remains attractive compared to alternative investments.

I don't think we will fall as much as Wall Street. Our market will lose 50 points or 1 per cent.

For the retail investor, a stock that costs $1 seems easier than a big-cap stock that costs $30, $40 or $80, so people are pushing into small caps.

Global share markets appear to have entered a period of correction after most markets had a fairly strong start to the year.

It is a significant psychological milestone, the approach of which has triggered some profit-taking over the past six weeks.

Our assessment remains that Australian shares will continue to outperform mainstream global shares thanks to a combination of higher dividend yields and slightly stronger earnings growth.

Our assessment is that house prices may have a bounce but this is unlikely to mark the start of a sustained recovery.