Bill Gross in his wonderful July missive suggests, “short-term policy rates will be kept low for longer than cyclical norms, and the outlook for risk assets – stocks, high yield bonds, and commercial and residential real estate will involve just that – risk. Investors should stress secure income offered by bonds and stable dividend-paying equities.”

Steve Johnson at the excellent Bristlemouth blog declared it’s Time to Get Defensive (again).

FormFactor bucks the downward tech trend.

If the NBN doesn’t work out there’s still plenty of scope for any good news to send Telstra’s shares higher. The Telstra share price reflects the worst outcome .

While it is way to early to be calling a bottom in anything I find Telstra very attractive at current prices. The current yield is around 8.9% and held within a Self Managed Super Fund that translates to over a 10% yield.

I hope you enjoy my alternative “Telstra” press release.

Telstra announced today that the government has shut them out of the national broadband network tender process. Investor panicked and sold Telstra down $0.480 (11.62%) to $3.65, it’s lowest price in over two years.