Morning all,

Is this the dog of war?

Ahhhh!!

Move along nothing to see here as Crimea settles down to life under Czar RasPutin! Seems like the West has already moved on to L’Wren and the missing plane. Overnight markets were once again firm despite a few worrying signs…still free money fixes everything! Anyway Germany looks to be slowing dramatically and in China we had a big property developer going to the wall…Zombieland is still a mess and looks likely to slip back into a deflationary low growth environment…UK on the other hand is booming…Londongrad is driving the UK economy as property rises once again combined with low rates make everyone feel happy and spend more on their refinanced mortgage(ATM)! Aussie dollar strengthening as well as all the economists start to talk rate rises not falls..even Bill Evans from WBC

Here today expect another day much like yesterday as the fog of war clears and the US cries Sanctions and lets slip the dogs of War…banks will lead the charge with Iron Ore stocks a tad better…Industrials also set to improve with building stocks attracting some broker interest. Iron Ore was up last night, Nickel is at a one year high and Gold slipped again as the hot air seems to be leaking out of the conflict balloon.

Another 25 points today as we look at have a go at the top end of the channel in due course…ie 5450 again…I remain cautious and happy to sell into this rally due to the old budget coming up and the sell in May theory..know it’s a way away but readers will know that I have been talking about a sideways market for a while…that’s what we have but there are opportunities along the way…great support at 5100 and a massive ceiling at 5450…trade it accordingly!

Idea of the Day-ISU Continue to like –DNA take profits

 

Good to see iSelect on the move…looking like they will take out 120 today…new man at the helm takes over on 31^st March and we are hoping to meet and greet him with a briefing.April 1^st also sees lots of heath fund rises and and a big push from the company  on marketing and advertising..could be a catalyst for share price movement.

Talked some time ago about DNA. It’s building a  440 room casino and hotel in Vietnam very close to the Chinese border….now when we talked about it the stock was around 80-90 cents from memory and I thought they would go well as the opening of the casino drew closer..well the stock is now $1.50…casino not opened yet but I would be starting to take some profits here…60% return can’t be bad!!!Sell some as it has gone a long way in a short space of time..could go higher of course but time to ease out…

Things to make me go mmmmm!

 

Best news of the day is researchers have found that saturated fat isn’t so bad after all..yippeeee!!Cheese and butter go baby!!

Chelsea beat Galatasaray 2-0

Stones cancel their Aussie tour…few guesthouses in the Macedon ranges on Wotif!!!Thoughts are with you Mick…

Someone thinks there is trouble ahead… A punter paid about $7.95 million for a trade that will pay off if the Chicago Board Options Exchange Volatility Index rallies at least 60 percent by May. The trader bought 150,000 bullish contracts on the VIX expiring in May with a strike price of 22, while selling the same number of May 30 calls in a strategy known as a call spread….currently the VIX is 14.5…long way to go…

Is it just me or have we all lost faith with our politicians….they ALL seem to have their snouts somewhere in the trough…no one is exempt from this…Liberal or Labour..do these guys live on a parallel universe or have they just got so arrogant that they don’t rerally care about the rest of us poor taxpayers..they are supposed to set an example…not the right one it appears.

Rio Tinto: Writes down value of unit developing Oyu Tolgoi mine in Mongolia by $4.7b.

CANADA FINANCE MINISTER FLAHERTY RESIGNS FROM CABINET

FLAHERTY SAYS DECISION TO LEAVE POLITICS WAS NOT RELATED IN ANY WAY TO HIS HEALTH

Bout time this happened.. New York’s top law enforcer has opened a broad investigation into whether U.S. stock exchanges and alternative venues provide high-frequency traders with improper advantages….and even last night there was evidence of this with a sudden surge on the FTSE at 11.10am, the FTSE100 futures contract  suddenly rocketed up 1.3% on huge volume… and then, just as remarkably most of that price exuberance returned to normal within 10 seconds..

Big focus will be on Thursday when Yellen ‘not screaming’ will issue her first post Fed meeting briefing…with numbers from the US weakening and inflation no where to be seen..in fact deflation and stagnation seem more likely…expect the Taper talk to moderate..that will drive the market…

Mark ‘circus’ Carney, the Governor of the Bank of England, is this evening giving the Mais Lecture at Cass Business School, arguably the most important set-piece speech in the Square Mile’s calendar. Economists are on tenterhooks, expecting another big impact speech from the Governor. Mr Carney is expected to unveil major reforms to the way the Bank of England is managed.

UK budget also tomorrow…

Bizarre as the dog ate my homework excuse…Seven executive John Stephens has blamed heavy painkillers for his brief defection to Network Ten. The veteran television programmer announced he was leaving Kerry Stokes’s Seven West Media on Friday, March 7, but, just three days later he changed his mind. In an email to Ten chief executive Hamish McLennan on March 10, Mr Stephens wrote: “Now that I have stopped the painkillers and other drugs and with a clear mind, feel that I can no longer accept the appointment and will not be commencing employment with Ten.”

Casino operator Crown Resorts is poised to swoop on the remaining 50 per cent of online betting exchange Betfair that it doesn’t already own, increasing the odds that chairman James Packer is ready to make a major play for the $26 billion wagering market.

US Treasury figures reveal that as of January, the US has a brand new third largest holder of US Treasurys, one which in the past two months has added over $100 billion in US Treasury paper, bringing its total from $201 billion in November, to $257 billion in December, to a whopping $310 billion at January 31…..The country? Belgium….anyone believe this ?

And finally…..why a wife should always trust her husband….

 

For example…

 

The wife comes home late at night and quietly opens the door to her bedroom. From under the sheets she sees four legs instead of two. She reaches for a baseball bat and starts hitting the sheet as hard as she can. Leaving the covered bodies groaning, she goes to the kitchen to have a drink. As she enters, she sees her husband there, reading a magazine.

 

“Hi, sweetheart,” he says. “Your parents have come to visit us, so l let them stay in our bedroom. Did you say hello?”

Back on Sky TV at lunch today…12.til 1.00..see you there..ring me with a question if you like!!

Have a great Wednesday

Clarence

XXXX

 

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.