Morning all,
As we approach the 19th Nervous Breakdown (or 19th ‘Zombieland’ Summit) we finally had some good news from Spain as they pushed past Portugal in a penalty shoot-out. They now face Germany or Italy in the final…Spain v Germany would be a interesting showdown..much like what is happening on the Economic front..and where is France nowhere…of course nor is England but we won’t talk about that.
Last night we finally had some better economic news out of the US ,this coupled with hopes of Chinese stimulus package was enough to lift markets into the end of month close. This is not a rally to get carried away with I am afraid with the continual storm clouds over Europe and the refusal of Moaning Mertle to consider Zombie Bonds then it’s truly hard to see any sustained upside…one commentator described it as a slow motion derailment…I read last night that France is moving to increase the minimum wage and reduce the retirement age…aren’t they supposed to do the opposite…two days of nothing will ensure the Zombie’s fate is sealed..my only surprise is the citizens of these Southern States have been as well behaved as they have..
Here in the land of OZ expect more green on your screen..yippeeee…not that there will be too much business again..$3bn yesterday..even the audience numbers for CNBC are at a 7 year low..seems no one is watching anymore.SPI is up 28 points so lets get this party started…expect a solid day with the usual suspects pushing up..Mainly banks and defensives..risk is still a dirty word..
I remain a fan of BBG at these levels…for the brave but could be worth a punt…
Newscorp (NWS) look to be about to split into the Death Star and the Fourth Estate which is a positive according to some..may start a trend..Investment Bankers take note..lets split everything back up after putting Humpty together..good money in that surely. Enclosed research report on NWS..
Our market to test the 4100 level before reality bites! Still amazed that the Dow is 12600…looks like a safe place to hide..
Things to make me go all gooey!
1.The Queen finally meets the IRA chief Martin Mc Guiness and gets to ask why they scattered her cousin over a Lake!Not to mention the poor boys that were with him.
2.Barclays finally admits that it fiddled their LIBOR rate and gets smacked with a big fine….not sure how they got away with this …amazing stuff..
3.Dr Doom or Dr Roubini has some dire warnings for the Financial markets “”It’s getting worse, there’s already a sovereign debt crisis, a banking crisis, a balance of payment crisis, an economic crisis and all of those things together are getting worse.”
4.Stousur crashes out of Wimbledon…nearly as predictable as Zombieland..
5. The majority of Americans, nearly 65 percent, say Obama is better suited than Romney to handle an alien invasion, according to a new National Geographic Channel poll, USA Today reports.
6.Another day another downgrade..we had Boral yesterday and today its Metcash’s turn as it down grades from 135 to 90m for the full year and rewards shareholders by asking for more money..more?Buying the rest of Mitre 10 ..good luck with that..Bunnings kills it and with Woolies soon to enter the fray are you really sure you want to double your bet!!Morons!
7.Qatar has thrown a spanner in the Glencore Xstrata merger asking for better terms…soaring exec pay and increased risk is not that palatable …three cheers for Qatar..hip hip hooray!
8.Google comes down from Mount Olive with a new tablet to challenge the Apple …
9.FXJ board has rejected the Rinehart Cowboy and now she has two choices either get out with some serious egg on her face…or maybe just bid for the lot already and get rid of Ronnie Corbet and his merry men..it’s just getting interesting!
10.Looks like Slovenia is now lining up for a Zombie Bailout..its like a Pringles pack..once you pop you can’t stop..thanks to Tyler Durden for that gem!
And finally you can buy a whole Tuscan Town for 2m Euros…its on ebay..if only I had enough in my paypal account…
‘History teaches us that men and nations behave wisely once they have exhausted all other alternatives.’ Abba Eban
Have a good day..
Clarence
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.
As we approach the 19th Nervous Breakdown (or 19th ‘Zombieland’ Summit) we finally had some good news from Spain as they pushed past Portugal in a penalty shoot-out. They now face Germany or Italy in the final…Spain v Germany would be a interesting showdown..much like what is happening on the Economic front..and where is France nowhere…of course nor is England but we won’t talk about that.
Last night we finally had some better economic news out of the US ,this coupled with hopes of Chinese stimulus package was enough to lift markets into the end of month close. This is not a rally to get carried away with I am afraid with the continual storm clouds over Europe and the refusal of Moaning Mertle to consider Zombie Bonds then it’s truly hard to see any sustained upside…one commentator described it as a slow motion derailment…I read last night that France is moving to increase the minimum wage and reduce the retirement age…aren’t they supposed to do the opposite…two days of nothing will ensure the Zombie’s fate is sealed..my only surprise is the citizens of these Southern States have been as well behaved as they have..
Here in the land of OZ expect more green on your screen..yippeeee…not that there will be too much business again..$3bn yesterday..even the audience numbers for CNBC are at a 7 year low..seems no one is watching anymore.SPI is up 28 points so lets get this party started…expect a solid day with the usual suspects pushing up..Mainly banks and defensives..risk is still a dirty word..
I remain a fan of BBG at these levels…for the brave but could be worth a punt…
Newscorp (NWS) look to be about to split into the Death Star and the Fourth Estate which is a positive according to some..may start a trend..Investment Bankers take note..lets split everything back up after putting Humpty together..good money in that surely. Enclosed research report on NWS..
Our market to test the 4100 level before reality bites! Still amazed that the Dow is 12600…looks like a safe place to hide..
Things to make me go all gooey!
1.The Queen finally meets the IRA chief Martin Mc Guiness and gets to ask why they scattered her cousin over a Lake!Not to mention the poor boys that were with him.
2.Barclays finally admits that it fiddled their LIBOR rate and gets smacked with a big fine….not sure how they got away with this …amazing stuff..
3.Dr Doom or Dr Roubini has some dire warnings for the Financial markets “”It’s getting worse, there’s already a sovereign debt crisis, a banking crisis, a balance of payment crisis, an economic crisis and all of those things together are getting worse.”
4.Stousur crashes out of Wimbledon…nearly as predictable as Zombieland..
5. The majority of Americans, nearly 65 percent, say Obama is better suited than Romney to handle an alien invasion, according to a new National Geographic Channel poll, USA Today reports.
6.Another day another downgrade..we had Boral yesterday and today its Metcash’s turn as it down grades from 135 to 90m for the full year and rewards shareholders by asking for more money..more?Buying the rest of Mitre 10 ..good luck with that..Bunnings kills it and with Woolies soon to enter the fray are you really sure you want to double your bet!!Morons!
7.Qatar has thrown a spanner in the Glencore Xstrata merger asking for better terms…soaring exec pay and increased risk is not that palatable …three cheers for Qatar..hip hip hooray!
8.Google comes down from Mount Olive with a new tablet to challenge the Apple …
9.FXJ board has rejected the Rinehart Cowboy and now she has two choices either get out with some serious egg on her face…or maybe just bid for the lot already and get rid of Ronnie Corbet and his merry men..it’s just getting interesting!
10.Looks like Slovenia is now lining up for a Zombie Bailout..its like a Pringles pack..once you pop you can’t stop..thanks to Tyler Durden for that gem!
And finally you can buy a whole Tuscan Town for 2m Euros…its on ebay..if only I had enough in my paypal account…
‘History teaches us that men and nations behave wisely once they have exhausted all other alternatives.’ Abba Eban
Have a good day..
Clarence
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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