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Morning sports fans,
Again not much to go on last night as Veterans day in the US kept bonds sidelined and the volumes low…Zombieland was better on some goo corporate numbers from Vodafone and others …not going to be very exciting here today I am afraid…Medibank Public is the focus as everyone puts in for way more than they really want because the scale back is going to be so huge…the big question I guess is will those punters make money..I expect so but they won’t have enough shares to make it worthwhile..the government would hate to be accused by the opposition of selling it too cheap…so modest premium and the play book a bit like Aurizon as the company cuts costs and becomes more efficient..
The problem for our market is we appear to be range trading at the moment with sector rotation the name of the game..one day Financials In Resources Out then all change the next day…we are back to the perennial question of Banks v Resources…it’s like the taco ad…soft or hard tacos and the little boy asks why can’t we have both!!Well can we ..can we?probably not…
Looking forward to the ‘Smokin’ Joe Mini budget in December when he gets to update us all on the state of the economy(not good)….budget emergency will give way to cirsis..of course he will blame the falling tax receipts as Iron Ore prices fall just like the last guy did…the song remains the same…and 8 month son from the budget …nada done except of course hit the ABC and SBS cut the carbon tax(now get out there and pollute!) and the mining tax (didn’t actually raise any money anyway) …why do we vote in these bozos…I mean who the hell voted for Jackie Lambie!!
Idea of the Day
The big theme for 2015 is rising interest rates..the US will keep rates on a crisis setting forever…I suspect that in March we will see a token raise and that will bring some reality to the markets…
Anyway with the Aussie dollar where it is we should be sucking in tourists like a find the lady game in Kings Cross…Tourists spend money …and we should see a lot more Chinese tourists round and aboutespecially if the FTA goes through…winners may be the casino, aren’t they always, Crown and Echo spring to mind…Echo has already had a run so maybe look at Crown..maybe have a look at Ardent Leisure…theme parks ,bowling alleys, marinas and health clubs!!Code is AAD..
MYR reports its numbers today…overseas raiders arriving by the day Uniqlo opening in the city I believe…think it’s time for a radical overhaul Bernie…you are just not hip anymore…finding wonderful cheaper elsewhere!OOOPS news just in ..nothing like that up 0.1%…hopeless gotta go Bernie…new catch phrase new man!!
Things to make me go mmmm!!
Oil at a four year low ahead of the OPEC meeting in Vienna later this month..better than a rate cut..petrol prices in the US(gas to them) are at a price not seen since 2010!!
Getting pretty excited at seeing the Stones in the Hunter Valley on Saturday..with my daughter too!!
APEC….love those outfits…easier to shirtfront in ..
Alibaba’s Singles day Sales!!!Just massive!!!
This watch is the most complicated in the world…it has 24 of them..much like some people I know..there is no watch as complicated as this that has been made without the aid of a computer…commissioned in 1925 it is a Patek and sold for $24m….the seller was an Arab prince who ran into money troubles..interestingly he died the night before the auction!48 years old..strange…you have heard of Peak Oil ..now we have Peak Patek!
What does a free trade agreement really mean..I mean we have one with the US but has it made a difference..love to hear your views…
Myer is expected to increase first-quarter sales by 3.5 per cent on Wednesday, with analysts keeping an ear out for commentary on the strength of consumer sentiment and its online sales
I like big butts and I cannot lie!………….In the US the trend for ‘Butt Implants’ is now growing strongly…everyone wants to look like Beyonce and Nicki Minaj…really? This is what they do!!!It’s called “Brazilian butt lift,” in which fat is sucked from a patient’s stomach, love handles or back and put into their buttocks and hips…and maybe their brain too..if they had one!!And the cost 10-13,000 bucks…
We hear a lot about Russia and her place in the World…now it is worth remembering that their economy is the same size as Italys…of course the Russians have nukes and a big army with RasPutin in charge whereas Italy has …..Bungasconi!!
BHP Billiton will shelve the sale of its Nickel West assets after it was unable to find a buyer.In a statement on Wednesday, the miner says that its review of Nickel West, announced in May was “now complete and the preferred option, the sale of the business, has not been achieved on an acceptable basis.
Aurizon to undertake on-market buyback of up to 5% share capital…CBA AGM today
Turnover surged to a record in Shanghai ahead of the exchange link with Hong Kong next week.
Nikkei at 7 year high…yen at 6 year low to the USD and Abe thinking about an election….
Here’s a nice chart of the wealth in the US…the top 0.1% now are worth more than the bottom 90%…..Revolutions were born in worlds such as this!!
Paddy had long heard the stories of an amazing family tradition.
It seems that his father, grandfather and great-grandfather had all been able to walk on water on their 18th birthday.
On that special day, they’d each walked across the lake to the pub on the far side for their first legal drink.
So when Paddy’s 18th birthday came around, he and his pal Mick, took a boat out to the middle of the lake, Paddy, stepped out of the boat ….and nearly drowned!
Mick just barely managed to pull him to safety.
Furious and confused, Paddy went to see his grandmother .
“Grandma,” he asked, “Tis me 18th birthday, so why can’t I walk across the lake like me father, his father and his father before him?”
Granny looked deeply into Paddy’s, troubled blue eyes and said, “Because ye father, ye grandfather and ye great-grandfather were all born in December, when the lake is frozen, and ye were born in August, ye fekin idiot !
Have a great day