Surely The Resource Sector Looks Like Good Buying Now?

Surely The Resource Sector Looks Like Good Buying Now? by Hamish Carlisle, Merlon Capital Partners

When I head out to a group function with old friends and run into people outside financial markets – doctors, dentists, university professors and even CEOs – I invariably get asked what I think of markets at current levels. In Australia, this is a topic centred on commodity prices. Surely the resource sector looks like good buying now?

To these questions I usually take the advice I was provided when prepped for a court case some time ago and respond with the answer “I don’t know” or “it depends”. This response usually solicits a polite laugh and the conversation ends or a polite laugh...