Morning sports fans,

I will make this short and brief today as I need more time to peruse the horses for Melbourne Cup…partly as not really much happened last night…oil down, US down…small…..

US Mid-terms are the focus in the US…it’s always something…RBA meeting today …no change and same old rhetoric…banks are in the spotlight as Murray enquiry results loom…record profits all round…….time to take a little off the bank table..maybe sell some calls or just take a few profits on the cheap ones you bought Mid October..

Idea of the Day

Medibank Private-Our allocations are out and I will be contacting clients regarding their measly shareholdings..it is fair to say I am not happy Jan!!pretty much a waste of time for all concerned…parcels so small it looks like Santa wrapped up the Reindeer poo…the only way now is to apply through the general allocation and hope you can get some more that way…let me know if that is something you are interested in and I can talk you through the process but suffice to say that small shareholders will be happy..if you apply for lots then you won’t be happy!!

WOW got walloped yesterday as Coles continues its resurgence…fell 5% yesterday and starting to look attractive…another couple of percent down and then time to nibble away…have to believe that they will bounce back for Xmas..33.70 should be a good place to buy…

Things to make you go mmmmm!!!

 

Spot gold fell 0.5 per cent to $US1167.61 an ounce…four year low.

Brent crude oil slumped 1.9 per cent to $US84.25 a barrel

Iron ore dropped 1 per cent to $US78.63 a tonne

US Dollar 7 year high against the Yen and two Year high against the Euro

 

Tomorrow (with hangover) is the start of my Reboot with Juice diet for 25 days…every day I will be posting a couple of pictures and weight details plus commentary to keep me honest…should be interesting…I will let you know the blog site tomorrow!!

Here’s a sample of what’s in store!!!

Wake up: 8 oz (250 ml) hot water with lemon

and/or ginger

Breakfast : Go Orange or Red Juice

Mid-Morning: Drink 16 oz (500 ml) coconut water

Lunch: Go Green

Afternoon snack: Go Yellow or Red Juice

Dinner: Go Green Juice

Dessert: Go Purple or Orange Juice

Bedtime: Drink herbal tea

Throughout the day: Drink lots of water

Can’t wait!!! FOR 25 Days!!!!!

Oil dropped to the lowest level in more than two years after Saudi Arabia reduced the cost of its crude to U.S. customers in the face of soaring North American output. Futures tumbled 2.2 percent to close at $78.78 a barrel in New York.

The S&P 500 has rebounded 8.3 percent from a six-month low on Oct. 15, fuelled by better-than-forecast economic growth and improving earnings reports. The gain has pushed the index to trade at 16.8 times the members’ projected profit, near its highest multiple since 2009.

Housing continues to be the one strong point in an otherwise moribund economy…up our way even Lleyton Hewitt’s house has sold!!!It seems too that every house in our street has a siold sign on it..changing of the guard …some are selling in days!!!Bubble anyone? The rules for Bubbles…”you only get out if you panic before everyone else does” – is that you also have to decide whether to look like an idiot before the crash or an idiot after it.

Putting your money where your mouth is… The chief executive of damaged education group Vocation has shelled out almost $500,000  to buy shares at steeply lower prices in a show of strength as he prepares to announce a heavy restructure in the coming days…..seems most of the Instos are calling for his head…expect a whole host of law suits….

Feels like the BOJ move on Friday night was similar to this surprise…no one saw that coming!!!

Air_raid_pearl_harbor_RGSmith

And finally…’Unchain my Heart’ each way!!!

And cos it wouldn’t be the same without it

I’ve torn out my alarm system & de-registered from the Neighbourhood Watch.

I’ve got two Pakistani flags raised in my front garden, one at each corner

and the black flag of ISIS in the centre.

The local police, ASIO, ASIS, CIA, MOSAD, and several other intelligence services

are all watching my house 24/7.

I’ve never felt safer.

Have a great Melbourne Cup

Clarence

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