Veteran stock picker says market bounce may not last

Australian investors should not think they are out of the woods yet, says the founder of fund manager Investors Mutual.

Anton Tagliaferro, founder of fund manager Investors Mutual, says he would not be surprised to see the market recovery reversed.Tagliaferro is calling the recovery a potential "dead cat bounce", a term used to describe a false, temporary recovery from a significant decline, or a bear market followed by a prolonged continuation of the downtrend.

Telstra shares can be bought on a cash dividend yield of about 5 per cent and Coles shares can be bought on a yield of about 4 per cent, he says.

1929

It will soar even further when Trump wins in November

To be fair, Stevie Wonder could look at the markets and say that too.

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