Welcome to all our new subscribers and welcome to the start of the new financial year. This morning in the Strategy section we explain what the Strategy section is all about. We look at the positive and negative headlines. Look at the main sectors. Do a bit of education including a three step strategy for picking stocks and a comment about big bank economists and strategists and we include as usual, our STRATEGY SUMMARY which remains unchanged. We are still waiting for the next trend to develop. We have a strategy in our funds of trying to "Step up, Step out, Step up, Step out". We call is "Step Performance". At the moment we have stepped out and are waiting for a new step up to start before we get involved again.