2011 Stock Market Profit Prediction
According to analysts at Kinetic Securities, an ASIGroup affiliated broker, 2010 is poised to go down as the third best full year gain in earnings. While this doesn’t mean that 2011 will follow suit, it is a good indicator of things to come. It would be hard to believe that Australia could go from the third best year of earnings and straight into no earnings growth, especially when the economy is now starting to move forward with decent GDP numbers.
In 2010, resource stocks crowned the share market investment return tables, and all of the 20 biggest gainers amongst the All Ords were part of the mining and energy industries. This year, analysts anticipate a similar story, with resources and materials stocks expected to continue to dominate. This is in line with forecasts of solid economic growth in Asia translating to a strong demand for commodities.