Wall St, your street and the Warriors

Wall St stocks rose last night as investors anticipate the banking bail out – mean while the rest of the world holds its breath. Closer to home, the latest figures just released by Statistics New Zealand confirmed the obvious; New Zealand is suffering a shrinking economy.

Interestingly, against this, the latest consumer confidence survey shows a positive bounce back, with more optimists than pessimists. BNZ's Tony Alexander re-enforces this recovery belief in his latest post.

Our observation is buyers are cautiously on the prowl, understanding the merits of buying at this time and with a desire to get on with life. By and large values appear relatively intact, albeit off the highs of previous years.

Certainly for us, September is proving a much better month – with more sunshine and fingers crossed, another Warriors win on the way.