abbott, anz, asx, Asx 200, ASX200, aussie dollar, australia, Australian Sharemarket, bank of england, banks, ben, Ben Bernanke, Bernanke, BHP, BHP Billiton Limited, billabong, boe, BOJ, BRU, cba, Charlie aitken, china, commonwealth bank, Commonwealth Bank of Australia, copper, CPU, crash, cyprus, diggers and dealers, dollar, dow, draghi, ECB, economy, geneva, swiss franc, zurich
“Well what can a poor boy do
Except to sing for a rock ‘n’ roll band
‘Cause in sleepy London town
There’s just no place for a street fighting man ”
Morning sports fans,
I am truly confused about the world!!Last night we saw whathappens when a sure thing turns sour…the Swiss Franc… virtually a sure thing to stay around 1.20 to the Euro..the Swiss National Bank said so…actually said so as recently as the 13th!!Then last night they changed the game…moved the goal posts…and it was mayhem…40% down against the USD at one stage and the Swiss Stock Market fell up to 10%….of course what did the Germans do…celebrate as this was seen as a precursor to a massive printing job from ‘Do Nothing’ Draghi…Dax went through the roof so did the FTSE….at times the currency markets were untradable in Swiss Franc ..lots of pain out there…lots of banks gonna be in series trouble…ouch…
So Europe (except the Swiss ) up,US markets closed down for the fifth day as results disappointed…China was very good yesterday as was Japan…but th powerhouse of the goabal economy seems to be going a little wishy washy…I remain cautious and expect to seethe ASX 200 test the lower end of its recent range…Iron Ore has stabilised though…Gold looking the goods and some bargain hunting around in oils may help…
Idea of the Day
My rudimentary bank index is currently around 181..(you just add up the share prices of the big four)..thats still pretty high given the environment we are in I reckon…would be looking to take a little off the table…
Easy to see why gold shares could have a solid few weeks given their low levels and appreciating gold price…shame about the Aussie dollar though…
Things t make me go mmmm!!!
Swiss Franc shows what happens when crowded trades turn bad…
More Zombieland turmoil as Greek vote approaches…
Hands up who believes the ABS anymore….nah didn’t think so …yesterdays jobs numbers were good and will take way the pressure for the RBA to cut…with fuel prices down and employment looking good why would they cut..unless they don’t believe the RBA either…
Another backflip from our wonderful leadership…really guys…
And finally…..as we approach the Fifty Shades of Grey premiere..
The novel has seduced women – and baffled blokes.
Now, Fifty Sheds Of Grey, offers a treat for the men.
The book’s author Colin Grey recounts his love encounters at the bottom of the garden. Here are some extracts…
Fifty Sheds Of Grey
We tried various positions – round the back, on the side, up against a wall.
But in the end we came to the conclusion the bottom of the garden was the only place for a good shed.
She stood before me, trembling in my shed.
“I’m yours for the night,” she gasped, “You can do whatever you want with me.”
So I took her to Bunning’s.
She knelt before me on the shed floor and tugged gently at first, then harder until finally it came.
I moaned with pleasure. Now for the other boot.
Ever since she read THAT book, I’ve had to buy all kinds of ropes, chains and shackles.
She still manages to get into the shed, though.
“Put on this rubber suit and mask,” I instructed, calmly. “Mmmm, kinky!” she purred.
“Yes,” I said, “You can’t be too careful with all that asbestos in the shed roof.”
Have a great weekend