Sydney, Jan 11, 2011 (ABN Newswire) - There are no excuses for missing out on this lingering low level of the equity market, according to Clifford Bennett of Herston Economics. After three days of hovering near ASXSP200 4,700 in what can only be described as a hangover of the fear issues of 2010, the market is very close to resuming an upward trajectory.

Oil and the Australian dollar are the favoured markets to watch, while Sterling and Gold are building as well. The European sovereign debt crisis is on its last legs according to Bennett, who expects more positive than negative surprises out of Europe as Greece proves it can achieve and exceed the austerity targets it has agreed with other European nations.

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