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Morning sports fans,


Has to be said!!!

 lame duck season cop2y_thumb[2]

The US midterms have been a decisive victory to the Republicans..as a result the US dollar rallied and the Aussie sank to 4 year lows…Obama is now officially a Lame Duck President as his last two years will be one of frustration and lots more golf…expect his handicap to come down a lot as he takes to the links…anyway gold got whacked and so did silver..Dow went to all-time highs again and oil rebounded…looks like the battle lines have been drawn in the Saudi v Frackers war…expect oil to be pushed down further…good economic news from the US coming through but Zombieland is stuffed…ECB meeting on Thursday but Super Mario is running out of good will and tricks…the big game changer has been the new round of money printing from Japan and the resurgent US dollar…


Meanwhile stuck in the Aussie backwater, we have business rapidly losing faith with Abbott and his team, an RBA that is fixated on house prices driven by investors and foreign buyers, an economy based on financial services and property, the downturn in mining, retail punters buying stuff online and a terrible cricket team!!Our market will start to get nervous on the banks as the Murray enquiry results loom…ex div very soon will also take away the urge to pile in so the engine room is in danger of stalling…of course we will get dragged along by the overseas tail winds(sorry mixed metaphor) but would suggest that we may have already seen the best of Santa..course the biggest thing to hit our little market for a while is Medibank Public(along with all the other floats and cash raisings)…good luck with that..seems every man and his dog is over bidding for stock knowing they will get scaled back and it will be a bonanza…we shall see…so where to for our market…downside is probably limited by the hunt of yield still and low interest rates..upside may be limited too as headwinds in the banking sector constrain rises…iron ore not helping either!!!

Idea of the Day


Aussie below 86 as USD rallies…implications for many!!Anyone that earns USD will do ok…RMD,QBE,BXB,MQG and others…

Retailers will be happy that the online leakage may ease but the stuff they buy to sell in the shops costs more to import and so the margins get squeezed…hard to turn a trick…


Things to make me go mmmmmm!!


Sotheby’s record $422 million Impressionist and modern art sale in New York…..the canary in the coalmine?

How does IKEA make $1bn in profits here but not pay any tax? Is this fair?

Those nice people at Morgan Stanley are predicting nasty times ahead for Australia with sub-par growth, under 2%, and unemployment at 7%

Private education company Acquire Learning is the latest to be accused of inappropriate conduct, only a week after Vocation ­Limited was forced to restructure its Victorian operations Acquire is believed to be preparing to list, with a float that could value the business at up to $700 million….or not perhaps!!


Over in Euro Disney land of Spain, the military is moving a few troops into Catalonia ahead of this weekend’s ‘illegal succession vote’


More interesting news from overseas for RIO as the Mongolian government lost a no confidence vote and the PM and cabinet has stepped down!

Yesterday the UK celebrated Guy Fawkes night …some say he was the last honest man to enter parliament….


Apparently the Discovery Channel is looking at bidding for TEN..seriously…

Wages in Japan rose by the most in more than six years amid efforts by Prime Minister Shinzo Abe and the central bank to spur sustained price gains in the world’s third-largest economy.

Went to see Henry V at the Opera House yesterday…renewed my faith in great theatre…I would urge anyone who likes theatre to see it you will not be disappointed…

So excited about seeing the Stones in the Hunter in a few weeks!!!Let’s hope Keith lasts that long!!!

And finally…Day 2 …it’s fair to say I am feeling pretty hungry and grumpy….so to cheer us all up!!!

A doctor in Dublin wanted to get off work and go fishing, so he approached his assistant.

“Murphy, I am going fishing tomorrow and don’t want to close the clinic. I want you to take care of the clinic and take care of all me patients”.

“Yes, sir!” answers Murphy.

The doctor goes fishing and returns the following day and asks: “So,Murphy, how was your day?”

Murphy told him that he took care of three patients. “The first one had a headache so he did, so I gave him Paracetamol.”

“Bravo Murphy lad, and the second one?” asks the doctor.

“The second one had indigestion and I gave him Gaviscon, so I did sir” says Murphy.

“Bravo, bravo! You’re good at this and what about the tird one?” asks the doctor.

“Sir, I was sitting here and suddenly the door flies open and a young gorgeous woman bursts in so she does. Like a bolt outta the blue, she tears off her clothes, taking off everyting including her bra and her panties and lies down on the table, and shouts: ‘HELP ME for the love of St Patrick! For five years I have not seen

any man!'”

“Tunderin’ lard, Murphy, what did you do?” asks the doctor.

“I put drops in her eyes.”


A girl was visiting her blonde friend, who had acquired two new dogs, and asked her what their names were. The blonde responded by saying that one was named Rolex and one was named Timex. Her friend said, ‘Whoever heard of someone naming dogs like that?’ ‘HELLLOOOOOOO……,’ answered the blonde. ‘They’re watch dogs’

Have a great Thursday