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Morning sports fan,
Well Super Mario,was that it?..I mean really…best you could come up with…let’s face it we all know that the Zombieland Economic Zone will be a basket case for years to come..in fact apart from Germany and the Scanda Countries, it is well and truly up the creek without a paddle…the sad fact is the Euro experiment is a total failure..the only ones to benefit are ze Germans..coincidence?…anyway even Christine Lagarde came out last night and stated the bleeding obvious…”Yes, there is a recovery but as we all know—and can all feel it—the level of growth and jobs is simply not good enough,” Lagarde said. “There are some serious clouds on (the) horizon.”……..In short the economic rebound is worse than the IMF thought 6 months ago…the only country doing ok seems to be the US powerhouse…low energy prices and a stuffed USD have helped…but that will not last forever…
Sums it up nicely…actually this sums it up…the disconnect with the real world and the equity markets..
Now at some stage these lines must cross…bit like in Ghostbusters or Harry Potter.
So to our market which is becoming more and more volatile…remember that volatility equals opportunity…but you have to trade it…I am convinced we are going to see 5200…rally today pre the long weekend despite the massive hits to the Euro Markets…Dow held up..so too did Iron Ore…Aussie dollar is where the action is though at 88 cents…good rally yesterday which we ignored…
Anyway small rally expected but all depends on the banks..as usual…
Idea of the Day
Yen at six year lows…Europe stuffed…China????…Japan not going great…..growing chorus of experts warning punters about the excesses of the markets and the absolute flood of IPO’s placements ,private equity selling stuff, governments selling stuff etc…if all the smart guys, or supposed smart guys, are selling stuff to instos and mums and dads, isn’t this a sign…a big sign…I mean a really big sign ..I mean even Jokin Joe is flogging the taxpayer owned Medibank Private back to the tax payers..what a neat trick…just saying…
Things to make me go mmmmmm!!!
Warren Buffet has admitted he has stuffed up buying Tesco…the man is fallable…
Hong Kong open again today…not looking good though…expect downside risk as protests continue and the Chinese lose their patients.
Couldn’t happen there, could it?
Is it just me or is the whole bachelor thing demeaning to women and devaluing the whole institution of marriage..must be just me…still TEN doing well on the ratings…now they are targeting small business to advertise on the TV..really…do they think we want to watch ads for the local builder or a slick car ad with beautiful people…TEN you are gone!
Sad truth from the US…Ben S. Bernanke said the mortgage market is still so tight that he’s having a hard time refinancing his own home loan.
In Japan yesterday stock indices plunged with the Nikkei down 420 points or 2.61% to 15,661 and the Topix 36 points lower to 1280.Yen is the problem as it is coming under pressure..hardly surprising given debt to GDP at 250%
Here is Leunig’s recipe for Cult pie
Went to another fine disruptive technology lunch yesterday courtesy of our corporate team…always thought provoking…always interesting…Brain chips,wearables and ordering meals by smartphone…love the passion behind these ideas…shame the CEO’s getting paid millions in big corporate haven’t got the same passion…
A lead adviser to German Chancellor Angela Merkel on climate policy has attacked Australia’s complacency on global warming and described the Abbott government’s championing of the coal industry as an economic “suicide strategy”.
Never ceases to amaze me how people can believe in a divine invisible being but not climate change! Makes perfect sense doesn’t it? Must be part of a plan?
Apparently 80 people in the US were exposed to the Ebola man…
JPMorgan Chase & Co., the biggest U.S. bank, said a previously disclosed data breach affected 76 million households and 7 million small businesses.
The Argentinian Stock index is now down 16.5% since the chief bank bloke resigned…ouch!!
In CBA, shareholders will next month decide if boss Ian Narev can be paid up to $4.7 million in shares as a long-term bonus.
Starpharma’s VivaGel anti-viral condom will hit the shelves this month after the product achieved final regulatory approval from the Therapeutic Goods Administration.
Tonight is the deadline for the Telstra buyback
And finally……so as not to offend anyone today!!! I give you this one…my thought for the Day..thanks, as always to my good friend Hans…
A father left 17 camels as an asset for his three sons.
When the father passed away, his sons opened up the will. The Will of the father stated that the eldest son should get half of 17 camels while the middle son should be given 1/3rd (one-third).The youngest son should be given 1/9th (one-ninth) of the 17 camels.
As it is not possible to divide 17 into half or 17 by 3 or 17 by 9, three sons started to fight with each other.
So, the three sons decided to go to a wise man.
The wise man listened patiently about the Will. The wise man, after giving this thought, brought one camel of his own and added the same to 17. That increased the total to 18 camels.
Now, he started reading the deceased father’s will.
Half of 18 = 9. So he gave the eldest son 9 camels.
1/3rd of 18 = 6. So he gave the middle son 6 camels.
1/9th of 18 = 2. So he gave the youngest son 2 camels.
Now add this up: 9 plus 6 plus 2 is 17 and this leaves one camel, which the wise man took back.
MORAL: The attitude of negotiation and problem solving is to find the 18th camel i.e. the common ground. Once a person is able to find the common ground, the issue is resolved. It is difficult at times. However, to reach a solution, the first step is to believe that there is a solution. If we think that there is no solution, we won’t be able to reach any!
Back on Sky TV this afternoon at 5.30…
Have a great weekend