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Here comes the Fed!!!
You better watch out
You better not cry
Better not pout
I’m telling you why
Janet Yellen is coming to town
She’s making a watch list,
And checking it twice;
She’s just punish,
Who’s short, it’s not nice!
Janet Yellen is coming to town
She sees you when you’re shorting
She knows the bonds will quake
She knows if you’ve been bad or good
So just stay long for goodness sake!
You better watch out!
You better not cry
You better not pout
I’m telling you why
Janet Yellen is coming to town
Janet Yellen is coming
Janet Yellen is coming
Janet Yellen is coming
Janet Yellen is coming to town
Morning sports fans,
Have just walked up to Martin Place to pay my respects…extraordinary sight and overwhelming smell too…anyway as this is my last update for 2014 I hope you have a great Xmas, stay safe, don’t drink and drive, stay awake on those long trips and give your loved ones and friends a huge hug and tell them that you love them..
Anyway extraordinary moves from the US over the last two days..hard to take them seriously anymore..700 points in two days on the back of a few little words from Yellen…Must have been a few shorts who have been battered badly in this stampede for the entrance…now it is once again an example of the consequences of the crowded trade…we always think of the melt down but this appears to have been the meltup…when someone yells fire or free money the herd takes over..actually it’s the computers but you get the idea.
So my call of 5000 is disappearing into the rear view mirror…my target was 5150 then 5000..one out of two was ok, I reckon..the market is in a range..it will not go too far with the downgrades to the economy, the metal prices, the oil prices and the banks under the kosh a little..TLS still looks like $6.20 to me..talked about it yesterday…all going well..we will jump again today and expect to see 5300 at some stage…just because..interestingly this day last year the market closed at 5202…so gone a huge way in a year…
Strange that everyone was jumping into oil yet it closed down!!!!…Reality has left the building as the bloke in the Red Suit warms up the Reindeer…..Ho Ho Ho!!!
Things to make me go mmmmm!!!
I find it amazing that Sony has canned its new film “the Interview”about North Korea because of hackers intimidating the film company with threats…sad indeed…
The Algo Trading programs liked what they heard from Yellen…off to the races..I think this is madness but maybe it’s just me!!
The Chicago Board Options Exchange Volatility Index lost 14 percent to 16.81. The VIX plunged 29 percent over two days, the most since January 2013. The Bloomberg consumer comfort index was reported at a six year high of 41.7. Stocks in the S&P 500 are trading at 18.2 times annual earnings after valuations reached a four-year high of 18.3 times profit earlier this month. Income among the gauge’s constituents is poised to rise 3 percent in the fourth quarter and 7.3 percent in 2015
Russia!!Amazing that RasPutin spends 3 hours answering questions from the press and they are a communist (ish) country..yet here we are in a democracy with Abbott and he won’t even go on Question Time…strange days indeed..this situation as Russia implodes remains a massive risk to the West…if we continue to stick it to him as if we have once again won a war then I suspect that things can turn ugly…history shows us that punishing beyond what is reasonable to the vanquished can lead to big trouble…I am thinking Germany 1919 and the Ottoman Empire..just saying..
Boral and CSR have been given a surprise green light by the competition watchdog to merge their clay brick businesses.
Profit downgrade to Flight Centre yesterday due to low consumer confidence .The company has downgraded its pre-tax earnings guidance by up to 4 per cent due to the poorly performing Australian ¬leisure travel sector.
Another delayed IPO as they look to what happened to iwebgate(IWG) ..issued at 40cents…down to 14 in a matter of days ..so Wisetech Global ,or something ,is delaying til next year and raising up to $50 in pre IPO funding…good luck with that!!!
And finally….
Sums it up nicely…
Have a Merry Xmas and a happy New Year
Talk to you in 2015.
Clarence
XXXX
Beeks Downunder-Because not all financial news is boring! 