Investors May See Upside Down Under
Scharar concedes that the housing market, particularly in Australia, could be a weakness.
"The market could certainly be deemed to be overpriced in terms of the relative valuation of housing," he says. "While I don't disagree that there is going to be some softness, I don't think it is going to drag everything else down. It won't be as painful as it was in the U.S."
Australia's still-evolving election outcome may prove beneficial for investors, Scharar says.
"The winner with the Australian Labor Party,
>To contact the writer of this article, click here: Joe Mont. >To follow the writer on Twitter, go to http://twitter.com/josephmont. >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV