Good morning,

Last night financial markets rallied as it appears likely that the Bond holders will accept the inevitable. We like certainty and we can now move on…US consumer confidence and Jobs figures also pointed to blue skies ahead..

We will once again show a tentative rally but with reporting season behind us the catalysts for a big run have got to come from outside..we are still in the range 4000-4300…nothing has changed unfortunately.

We have a new research partner and I have enclosed their morning note..obviously not as good as mine but probably somewhat less irreverent and maybe a little more factual..if you like it let me know and I will keep it coming in the days ahead..if you hate it just tell me!

A few stock ideas…nah got nothing…although we saw SWK yesterday and feel that this is a unloved stock that is going to prove the critics wrong…LDW was this unloved before the Ebay bidding war broke out..what was once 3 bucks is now 11 dollars!!!Suspect SWK will attract a few circling sharks further down the track..

Few things that caught my attention:

Tim Geithner has proclaimed that the Germans have been very tough on Europe! Now or in the past.

Good win for Macquarie Group with Facebook adding them to the like list!

ANZ to announce their rates today..who needs the RBA..maybe we will get a rise!!Would be very unpopular to say the least..

Loads of economic data out of China today…CPI, Industrial production, Retail sales and from Uncle Sam Jobless Claims

ECB and Canada keep rates on hold

Brazil cutting rates again aggressively..take note Glenn!

Thought for the day

Investing: 60% of the time it works every time!

Back on TV next Wednesday!

Clarence

XX

If you have money, men think you are wise, handsome, and able to sing like a bird.

Any financial product advice contained in this email is general financial product advice only and does not take into account any one person’s objectives, financial situation or needs. Therefore, before acting on any financial product advice in this email, you should consider, with or without the assistance of an independent adviser, the appropriateness of the advice, having regard to your objectives, financial situation and needs.