Many of the Kiwis appearing in powerful business circles around the world come from accounting backgrounds. Yet often people have preset ideas of how an accountant walks, talks, smells - although not in the business community. For me it is a career that offers a lot of variety and challenges and I love it. |
The Dow is down about 0.4% for the year and the yield is 2.3%, so you're going to end up with a total return of less than 2%. It's virtually unchanged for the year, and it may be the smallest [annual move] ever. |
The other indexes are better than that, but the bottom line is that it was a struggling, rotational type of year. We were in the mature stage of a cyclical advance. |
The real story this past week is that we've had continued broad strength in secondary stocks. Some laggards are bouncing to not just cycle highs but all-time highs. |