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Morning sports fans,
How will this end from ‘Bazooka Joe’ Draghi!!
We wait…seems the markets are pregnant with expectation as we await ‘Do Nothing’ Draghi to pull the bazooka out of his pocket..just like spoilt children who crave ever more attention or gifts from mummy and daddy ,there is never enough..the markets will never be satisfied ..they want more free money to throw at assets..so the question is will whatever Draghi has up his sleeve be enough…well it may be enough to give the markets the sugar hit but it will never be enough to lift the Zombie zone out of its decline..unless governments are brave and change their economies that will never happen…they have got too lazy and expect the ECB to do all the heavy lifting as they don’t want to be thrown out of power…
Funny how our market has been the dog…even EuroTrash markets are pushing all-time highs as is the Dow yet here we are …everyday looking sick and sad for ourselves..hell even China is up a massive amount in the last few months…over 50%…yet here we are..so why is this…is it because we are linked inseparately now to Chinese Iron Ore demand? ..is it the high(relative currency)? …is it our leadership and short sightedness? Is everyone long banks and TLS and no other worthy to buy?…Is our economy teetering on the edge of an abyss?OR is everyone else just plain wrong and they are in for the shock of their lives when their markets come crashing down?……would love to hear your theories though!!!
So today we will see some positive vibes as we catch up a little..Chinese GDP numbers were ok..I mean 7.4% is a number most economies would give their eye teeth for …it is slowing but it should as it gets bigger…this news lifted us yesterday and will do today…gold stocks will be in demand as the shiny stuff taps $1300 on the shoulder …and in Aussie Dollars its $1585 odd which is pretty damn good…oil stocks not quite yet…
Idea of the Day-WPL-Who wants to catch a falling safe?
I was looking yesterday at Woodside at around $32 …crikey I thought, a bargain…can’t remember the last time it was this low…so I asked myself is now the time to buy WPL…lots of broker downgrades coming through and the momentum appears to be to the downside…as they say even the pretty girls get hurt in the bus crash..and so it is..now at some stage they will be a screaming buy…at some stage, as will all the oils and I think that as oil starts to find its new trading range, we will see the punters return to these stocks..first name on the list will be WPL then they will move down the risk curve to STO,OSH,etc…but WPL is the one when it turns it will turn hard…not saying buy today but if you are looking at getting some exposure to the inevitable bounce in the oil price then this is a good place to start..as they say, timing is everything in life and close to $30 I would be locking it in Eddie!!
Things to make me go mmmmm!!!
BHP update may be taken as a little disappointing…oil still under pressure as rigs are cut back…copper production slipping…the plan to split good BHP and Bad BHP is stillon..excpet there is more now to go into bad BHP but at least Iron Ore seems to have bottomed although Chinese New Year will affect demand and sentiment…should bounce a little but may be short lived…
Gold stocks to be the superstars…long way back up but the journey of 500 dollars starts with a single ounce!
APA says retail entitlement offer completed, raising A$593m.
Plummeting iron ore prices have made the Chinese government-backed Citic write down the value of its Sino Iron project in Western Australia by up to $2.2bn a further blow to one of the mining boom’s most disastrous projects.
In the US, Business deaths have exceeded Business Births for the first time ever!! The US Census Bureau reported that the birth and death rates of American businesses crossed for the first time ever! 400,000 new businesses were born last year, but 470,000 died.
Good article today about how the Government should borrow to build some visionary infrastructure..that would be very ‘courageous’ indeed..so unlikely to happen ..let’s face it the 2015 budget in not far away and I don’t remember the 2014 one being passed yet!!!Long term interest rates in Australia have never been lower!!
“We have had the biggest monetary stimulus that the world must have ever seen, and we still have not solved the problem of weak demand. The idea that monetary stimulus after six years… is the answer doesn’t seem [right] to me.”
Meryvn King, Ex Chief of the BOE
And a quote from an uber rich hedge fund manager… “Quite frankly, a lot of us thought that by buying politicians, rewriting tax laws, and hiding money overseas, we were getting it done .If, at the end of the day, all we control is a measly half of the world’s wealth, clearly we need to do more – much more.”
Number One priority for people in the US is Terrorism!!!Really? You are 35,079 times more likely to die from heart disease than from a terrorist attack.You are 33,842 times more likely to die from cancer … 23,528 times more likely to die from obesity and 110 times more likely to die from contaminated food than terrorism.
The world economy will grow 3.5 percent in 2015, down from the 3.8 percent pace projected in October, the International Monetary Fund said in its quarterly global outlook released late Monday in Washington. The Washington-based lender also cut its estimate for growth next year to 3.7 percent, compared with 4 percent in October.
It’s about earnings stupid…….Earnings results from Morgan Stanley and Johnson and Johnson disappointed. Morgan Stanley slid 1.4% and Johnson and Johnson shares fell 3.4%.
Seems Aldi is killing it in supermarket sales at the moment ….3 times bigger growth than Woolies or Coles!!! Aldi Australia’s sales reached $6 billion in the 12 months ending December 2014, compared with $5.3 billion in 2013. The growth was underpinned by strong same-store sales growth and 25 new stores.
Remember when S&P downgraded the US from AAA rated…well seems hell hath no fury like a country scorned… S&P SAID IN SETTLEMENT TALKS FOR $1.5B and the SEC SAID TO BAN S&P FROM RATING PART OF CMBS MARKET FOR A YEAR….suspect they won’t try that trick again!!!
And finally……for your education marketing explained
* You’re a woman and you see a handsome guy at a party. You go up to him
and say, “I’m fantastic in bed.”
That’s Direct Marketing.
* You’re at a party with a bunch of friends and see a handsome guy. One
of your friends goes up to him and, pointing at you, says, “She’s
fantastic in bed.”
* You see a handsome guy at a party. You go up to him and get his
telephone number. The next day you call and say, “Hi, I’m fantastic in
* You see a guy at a party; you straighten your dress. You walk up to
him and pour him a drink. You say, “May I?” and reach up to straighten
his tie, brushing your breast lightly against his arm, and then say, “By
the way, I’m fantastic in bed.”
That’s Public Relations.
* You’re at a party and see a handsome guy. He walks up to you and says,
“I hear you’re fantastic in bed.”
That’s Brand Recognition.
*You’re at a party and see a handsome guy. He fancies you, but you talk
him into going home with your friend.
That’s a Sales Rep.
* Your friend can’t satisfy him so he calls you.
That’s Tech Support.
* You’re on your way to a party when you realize that there could be
handsome men in all these houses you’re passing, so you climb onto the
roof of one situated towards the center and shout at the top of your
lungs, “I’m fantastic in bed!”
Have a great day…
Back on Sky TV for the first time in 2015!!Lunch Money at 12.00pm