Morning all,

Only a brief note this morning as Sydney traffic has ganged up on me to provide a two hour bus trip…so will keep it brief…

US looks so much better despite the Government attempts to stuff it up(same here really)..our jobs numbers are pointing the way to more rate cuts perhaps and China GDP today will confirm the rosey outlook..Zombieland seems to have been temporarily off the agenda and events in Africa have helped the oil price…so all looks good for an assault on 4950…RIO writeoff is a blip..a very big blip but a blip none the less …the market has known all along that they overpaid for everything..they all do..it’s an ego thing…my deal is bigger than yours..call that a deal..this is a deal…If the Chinese numbers are ok it’s off to the races…sorry no more Tesco Horse jokes…anyway could try for 4800 today ..still plenty of shorts out there and lots of money sitting in deposits earning very little now..especially after paying tax…banks still attractive but boring old industrials will do well as well..a rising tide lifts all the boats.

Oil stocks may get a boost after WPL and STO results yesterday and the increase in Oil Price..still fancy a go at MPO…cash backing..everything else for free..new CEO and sure to do the rounds and try to impress…35 cents easy!

As they say in Trading Places..”Get back in there and buy!”

Enjoy the ride!!

 

Clarence 

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