Morning all,


As the police said after a the theft of a lorry load of toilet rolls…”there is not much to go on this morning”….Big surprise on Friday night with the US jobs numbers coming in a dismal 74,000!!!The experts ,and I have to put my hand up as I said on Sky they may be better than the 200,000, were all completely wrong!!The unemployment rate looks ok though at 6.7%, the lowest level since October 2008, only because participation dropped to its lowest level in over three decades…so why have all those people given up looking for a job? Seems everyone is blaming the weather for the huge miss…well hasn’t the weather just got a lot worse..just saying not expecting a huge bounce back on that basis!!But looks like the Fed is sticking to its plan on the gradual tapering..jobs growth or no jobs growth!

Expect a dull day today as more people struggle back to work and research gets cranked out and the fund managers get back on board….back down under 5300 I reckon with maybe a little bargain hunting to be found in the resource sector…Nickel was a star performer on Friday up nearly 4% as Indonesia changes its rules on exports of nickel ore and bauxite. Gold also good on jobs numbers so expect some interest in that sector too…

Idea of the Day

My idea from last week to buy AGO on the back of the Iron Ore price may have been a tad early as the sellers seem to still be targeting this sector…still believe this  one offers value as these prices ..in fact after they have fallen to 1.00…they offer even more value!

Things to make me go mmmmm!!


Macquarie has announced that it has completed the distribution of SYD shares to its shareholders today …


US earnings season kicks off with Alcoa which was underwhelming as usual and this week we see a whole bunch of financials reporting, so should prove interesting…

The Zombie markets went bananas last week as short term rates in Spain and Italy went sub 1% and the fear receded…

Greece +7.7% – best week in 8 months
Portugal +4.7% – best week in 9 months
Spain +4.98% – best week in 16 months


Seems that Francois Hollande is doing his bit to stimulate interest in France! With news that the First Girlfriend has been taken to hospital after revelations that the First Bloke is having an affair with Actress Julie Gayet…The French asre so civilised about these sorts of things..he didn’t even deny it just got upset about the invasion of his privacy when the media broke the news!

TELSTRA has sold its struggling Sensis directory business to an unnamed US-based private equity concern. The multibillion-dollar war chest ¬Telstra is building from the sale of ¬Sensis and other assets is set to be spent on acquisitions such as Asian technology services providers and the return of funds to shareholders.This is a great deal as Sensis has been an outdated dog of a business and a thorn in TLS side…never going to make money or get back to its glory days …good riddance…

Warnings Australia’s new $200 billion wave of liquefied natural gas projects will be under severe threat from cheaper United States exports to Asia are premature as Australian exports may end up cheaper than shipments from the US, a leading oil and gas ¬consultancy has advised. Martin Wilkes, principal adviser at RISC Advisory in Perth, said there was a “real possibility” Australian LNG could be delivered to Asia at lower prices than US LNG, depending on the future direction of US gas prices and global crude oil prices.

Overstock.com accelerated its plans to accept Bitcons by many months, and the early rollout has been a massive success. The company’s CEO just tweeted:

Patrick M. Byrne @OverstockCEO


#Bitcoin‘s first full day on @overstock.com was a huge success: 840 orders, $130,000 in sales. Almost all new customers. #stunned

8:25 AM – 11 Jan 2014

Chinese Authorities also released data for all of 2013 which showed Chinese exports rose by 7.9% to USD 2.21 trillion, while imports  rose by  7.3% to 1.95 trillion, making the total trade figure USD 4.16 trillion, the first time it exceeded USD 4 trillion.

Saw American Hustle at the weekend…not sure what all the fuss is about…

This made me smile!!


And finally…..

Two sisters, one blonde and one brunette, inherit the family ranch.   Unfortunately, after just a few years, they are in financial trouble..

In order to keep the bank from repossessing the ranch, they need to purchase a bull so that they can breed their own stock.

Upon leaving, the brunette tells her sister, ‘When I get there, if I decide to buy the bull,  I’ll contact you to drive out after me and haul it home.’

The brunette arrives at the man’s ranch, inspects the bull, and decides she wants to buy it.

The man tells her that he will sell it for $599, no less.

After paying him, she drives to the nearest town to send her sister a telegram to tell her the news..

She walks into the telegraph office, and says, ‘I want to send a telegram to my sister telling her that I’ve bought a bull for our ranch.

I need her to hitch the trailer to our pickup truck and drive out here so we can haul it home.’

The telegraph operator explains that he’ll be glad to help her, then adds, it will cost 99 cents a word.

Well, after paying for the bull, the brunette realizes that she’ll only be able to send her sister one word.

After a few minutes of thinking, she nods and says, ‘I want you to send her the word ‘comfortable.’

The operator shakes his head. ‘How is she ever going to know that you want her to hitch the trailer to your pickup truck and drive out here to haul that bull back to your ranch if you send her just the word’comfortable?’

The brunette explains, ‘My sister’s blonde. The word is big.

She’ll read it very slowly… ‘com-for-da-bul.’

Have a great Monday




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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