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Morning all,

Well onwards and upwards sports fans..this week will be make or break for the ASX200 as the banks report..as everyone is aware the banks have been driving us ever higher and to sustain and  justify these prices things will have to be good…no room for disappointment..BUT the money machine, that they are, should reward shareholders with lots of lovely dividends maybe the odd special even..

Big Troubles in little China on interest rates seem to be a sign that things are going well and that 7.8%GDP growth is sustainable..no issues with a credit crisis. At least according to some.

One of my really good friends is in China this week with the Melbourne Mining Club and I look forward to his lucid comments from the ground on what’s really happening there..least hope they will be lucid!

In the meantime expect our market to push higher 5400 assault again today..like climbing a Himalayan Mountain..siege tactics required.

Idea of the Day

Still convinced we will see 5600 by Xmas…next leg up will be in the recovering resource sector…if China is growing at 7.8% that  is a major positive…

This is what is going to drive markets higher..

Tues, 29 Oct – ANZ FY13 results

Thurs, 31 Oct – NAB FY13 results

Fri, 1 Nov – MQG 1H14 results

Mon, 4 Nov – WBC FY13 results

Wed, 6 Nov – CBA 1Q14 update

Things to make me go mmmm!!

Go Chelsea..sorry had to write that.Torresssssssssssssssssssss!

Biggest Storm since October 1987 about to hit the UK!! Deja Vue anyone…

Seems really odd that the US President who has gone to war with Congress about the major policy of Obamacare and has staked his credibility on this, had the web site built using Freelancer on the cheap. EPIC FAIL mate..If it is so important top your legacy and mojo do it right!!Really weird! And while we are on Obamacare in order to qualify for the tax credits that are at the heart of the plan you need to buy the policy through an exchange established by the State…trouble is 36 States haven’t signed up for it!

Still seems the US can organise spying on their mates ….Moaning Mertle was tracked for more than ten years!!Why? Looks like even the CBA have been at it! 

RIP Lou Reed…now having the ultimate Walk on the Wild side


Good to see Fairfax pumping up the property market with their front page headlines…combination of Offshore money and first home buyers with Daddy and Mummys money chasing prices higher..at least in the inner West,Chatswood and the East…not so much up on the sleepy old Northern Beaches thankfully..from the SMH today..

“Changes made by local governments in China are now creating waves in Sydney. In response to an overheating investment property boom, the local government in Beijing imposed a 20 per cent capital gains tax on profits from a second home. It also restricted single people to owning a single home. And banks are no longer allowed to finance the purchase of a third home. (It has to be cash.)” Coming to a suburb near new..the wall of money!

House inspections in the Inner West at the weekend!!

China Holiday

This will be a big focus for the markets now the US situation is resolved for a few months…Chinese Politburo member Yu Zhengsheng said reforms to be discussed at a Communist Party meeting next month will be unprecedented, adding to signs that leaders are resolved to spur far-reaching policy changes.

Do not expect any more rate cuts I am afraid! Looks like that is the bottom of the cycle.Inflation numbers and run away housing will stay the RBA’s hand..

Carsales.com Says “comfortable where it is sitting” against fiscal 2014 EBITDA consensus of A$142m.Nah…

Freelancer  the owner and operator of the World’s largest market place for outsourcing, may close its initial public offering early because global demand for shares has overwhelmed the supply of 30 million shares offered. Get your form in quick!!

Rio Tinto has sold its 50.1 per cent stake in the Clermont thermal coal mine in Qld to Glencore Xstrata and Sumitomo for more than $US1 billion in cash.

Telstra  chief David Thodey is banking on an explosion of mobile use in the next five years, predicting the mobile market that generated $9.2 billion for the telco last year will triple by 2018. Telstra has 15.3 million mobile subscribers, which represents about 48 per cent of the market.

It is difficult to get a man to understand something, when his salary depends upon his not understanding it.  ~ Upton Sinclair

And finally…

The middle-aged couple had finally learned how to send and receive texts on their mobile phones.

The wife, being a romantic at heart, decided one day that she’d send her husband a text while she was out of the house having coffee with a friend.

She texted: “If you are sleeping, send me your dreams. If you are laughing, send me your smile. If you are eating, send me a bite.

If you are drinking, send me a sip. If you are crying, send me your tears. I love you.”

The husband, being a no-nonsense sort of bloke, texted back:

I’m in the dunny. Please advise.

Have a great day



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.

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