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Morning sports fans and welcome to 2015!!

Have to say it’s good to be back in the office…that’s right I Have to say that..even if I don’t mean it. Anyway plenty out there at the moment to keep us amused in financial markets…the rise of the gold price for one…the fall of the oil price another…in fact all the talk at the moment is on oil…now I am a simple fellow and would have thought that a lower fuel price is a good thing…obviously not for oil companies but like gold companies and other commodity companies they have had plenty of time to hedge their production…I mean that’s what the futures markets are for after all..but for the rest of us it’s a great thing…less money on petrol means more spending power…it’s like a rate cut …good for industry and good for consumers…what’s not to like unless you are Santos or building a dirty great big gas plant in Queensland…now at some stage this oil thing is going to reverse…it will only take the words of a Saudi Prince to give oil a huge bounce…it’s just a question of when…but they will cut production at some stage,the question is how low will the price go and for how long..but one thing is sure as eggs are eggs (as my Mum says) OPEC will cut production…I would love to be able to buy all my petrol for the rest of my natural at $1.00 a litre…lock it in Eddie!!

There are a number of biggish events looming on the horizon which have the ability to increase volatility and the downside dramatically…ECB moves to enact the long awaited and talked about QE program..remember “Whatever it takes” Mario…well it’s time to actually do something…the great Euro experiment is hanging by a thread..Greece is the word again..plus Italy is stagnating..France is in serious trouble and recent events won’t help the economy once the initial reaction wears off. Uk elections looming as well which should be interesting given the rise of the UKIP…Still good to see all those world leaders out there holding hands…not sure where the US was though…they sent no one of consequence..John Kerry was busy ..Obama was playing golf and Janet Yellen was too busy overseeing the printing presses..whilst here in Australia we have a government that are completely detached from reality running the country back to the 1950’s ….just waiting for Dr Emmett Brown to show up with his dog Einstein…

‘Hello? Anybody home? Think McFly, Think!’


So where is our market going…we had a massive pre-Xmas run from the 5100 level back up to 5500…now you know that was never going to last don’t you..you did realise that was just stupid…I suspect that we may start to test he lower end of the range again…in fact I suspect that the range of 5100 to 5500 may be in place for a while…commodities are really on the nose at the moment and we are a commodity based economy…would be nice to get a bit smarter but that  is not going to happen with the current muppets in charge..or even the opposition for that matter…profit season is coming up soon and that will be a doozy…expect nothing but volatility and surprises..retailers I reckon did it tough over Xmas …sales were good but margins may have been an issue…the economy is deteriorating and the government is learning to play the violin..fiddling really…Queensland will be another shock for Tone and Peta and we will get lots of rhetoric about listening to the people…

Idea of the Day

Medibank Private…gone way too far..time to take the money, ladies and gentlemen…amazing that it has got to $2.40…

Things to make me go mmmmmm!!!

Traffic is so much better this time of year!!

Lots of banking analysts now talking the rise of the bad debts for banks…this theme will start to get more traction..

BHP downgrades starting to come through…hit in Oil and Iron Ore although the Aussie dollar decline helps a bit but Andrew McKenzie has a much tougher job than the last bloke..bit like George Lazenby did…

Why does anyone watch Fox news in the US…one so called expert told viewers that Birmingham in the UK was a Muslim city now and a no go area for non muslims!!!Expert?…Fox News?…that’s a Foxymoron…


Mirvac Group has taken advantage of sky-rocketing prices for office towers and has brought to market a more than $200 million property portfolio….these guys know something.

An Index of US and Canadian smaller oil stocks has fallen 55% since June and wiped out $350bn of value!!!More worryingly the companies in the index owe a combined $248.5 billion, an 86 percent increase from three years ago. The bulk of them are entering survival mode…expect to see some casualties soon…its not about resources in the ground it’s about debt…

It’s results season in the US and we have a few biggies this week..

14th: JP Morgan

15th: Wells Fargo, Blackrock , Bank of America, Schlumberger, Intel

16th: Citigroup, Goldman Sachs, Charles Schwabb

Alcoa is always first to report and last night we saw a better than expected result and the stock rallied 1.9% ..a positive…

And finally…..it’s the first of 2015 so I have a few up my sleeve now as they have been coming thick and fast..cracker jokes too!!!

This is one of my all-time favourites

A bloke calls his mate, the horse breeder, and says he’s sending a friend over to look at a horse.

His mate asks, ‘How will I recognize him?’

‘That’s easy.  He’s a dwarf with a speech impediment.’

So, the dwarf shows up, and the breeder asks him if he’s looking for a male or female horse.

‘A female horth.’

So he shows him a prized filly.

‘Nith lookin horth.  Can I thee her eyeth?’

So the breeder picks up the dwarf and he gives the horse’s eyes the once over.

‘Nith eyeth, can I thee her earzth?’

So he picks the little fella up again, and shows him the horse’s ears.

‘Nith earzth, can I thee her mouf?’

The breeder is getting pretty ticked off by this point, but he picks him up again and shows him the horse’s mouth.

‘Nice mouf, can I see her twat?’

Totally mad at this point, the breeder grabs him under his arms and rams the dwarf’s head up the horse’s fanny, pulls him out and slams him on the ground.

The midget gets up, sputtering and coughing.

‘Perhapth I should rephrase that. Can I thee her wun awound a widdle bit?’

Have a great day



Any financial product advice contained in this email is general financial product advice only and does not take into account any one person’s objectives, financial situation or needs. Therefore, before acting on any financial product advice in this email, you should consider, with or without the assistance of an independent adviser, the appropriateness of the advice, having regard to your objectives, financial situation and needs.

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