Sharemarket Update October 2011

Listen to a Preview

Running Time: 7:08

Date: 01/10/2011

With even European policy makers unsure about what to do next, uncertainty continues to grip stockmarkets - including Australia's, though our economy's in good shape.;

Stockmarkets worldwide are still on a roller-coaster, as Europe struggles to find solutions to the debt crisis that's now infecting even some of its major economies, with questions being asked about the strength of German and French banks. Elio D'Amato, of Lincoln Stock Doctor, says that, despite the fundamental strength of the Australian economy and our position on the doorstep of Asia, the growth engine of the future, we can't escape the global uncertainty.

But, with the recent reporting season producing growth in earnings per share by ASX 200 companies of 8%, and dividend growth of 7%, depressed share prices mean there are plenty of opportunities for investors to buy into strong companies at bargain rates.