aussiebear Posted May 1, 2019 Report Share Posted May 1, 2019 Only two early openers on board today: Kiwis -0.4%, Aussies +0.6%, Japan and Sth Korea closed. In Aussie sectors, Financials +1.4% down to Consumer Discretionary -0.6%. All Ords http://www.abc.net.au/news/business/ Link to comment Share on other sites More sharing options...
aussiebear Posted May 1, 2019 Author Report Share Posted May 1, 2019 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted May 1, 2019 Author Report Share Posted May 1, 2019 http://money.cnn.com...s/morning_call/ 24 hr Gold http://www.kitco.com http://www.kitconet....ase_metals.html http://www.kitconet.com/indexes.html Link to comment Share on other sites More sharing options...
aussiebear Posted May 1, 2019 Author Report Share Posted May 1, 2019 http://www.engrish.com/2018/09/if-when-harmness-fasten-fidy/ Link to comment Share on other sites More sharing options...
aussiebear Posted May 1, 2019 Author Report Share Posted May 1, 2019 All Ords 5-day chart http://bigcharts.mar...com/default.asp All Ords finished +0.7% with sectors ranging from IT +2.4% down to Consumer Discretionary/Gold -0.3%. Looks like all of Asia closed for various holidays. Over in UK/Europe, FTSE +0.1%, DAX and CAC closed. http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted May 1, 2019 Author Report Share Posted May 1, 2019 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
Jimbo Posted May 1, 2019 Report Share Posted May 1, 2019 PARTY LIKE ITS 2009!!!!!! or MONEY FOR NOTHING AND YOUR WARRANTS FOR FREE So Warren B gets 8% on his ten billion in prefs AND 80 million in free warrants This is the sort of deal Warren was getting in 2009. But let us look a little bit more closely at Anadarko and Oxy. Thier share prices have almost halved on the past few years. Thats because it has slowly dawned on Mr Market that both companies really dont generate any free cash flow. Combining them wont change this. The only way to stop the rot with these 2 is: 1/ Higher oil prices - pay down debt - restore equity value. or 2/ major cost reduction. I wouldnt want to be a common shareholder in the merged entity. Chevon should let the deal go ahead and buy them out a couple of years latter at the inevitably low stock price. Because the merger will creat another publicy listed LBO. Dependent on low interest rates to survive. (shouldnt these companies be called "public private equity"?????). With all that debt any rise in interest rates will destroy the common dividend and lead to a lower stock price. Warren has appeared to have learnt his lesson from Kraft Heinz and avoided the common shares of a highly leveraged company. Just too much possible downside. The prefs meet the margin of safety rule. Let some one else own the downside. Link to comment Share on other sites More sharing options...
Jorma Posted May 1, 2019 Report Share Posted May 1, 2019 5 minutes ago, Jimbo said: should these companies be called "public private equity"?????). With the trillions in buybacks the entire market and system has become public/private equity. Link to comment Share on other sites More sharing options...
DrStool Posted May 1, 2019 Report Share Posted May 1, 2019 3 day cycle projection 2969. Link to comment Share on other sites More sharing options...
Jorma Posted May 1, 2019 Report Share Posted May 1, 2019 Little known fact. Boeing MCAS system was reversed to keep the nose up of the stock market up and is working perfectly. Link to comment Share on other sites More sharing options...
DrStool Posted May 1, 2019 Report Share Posted May 1, 2019 2 day cycle projection 2957. Also trend resistance on 10 minute bars. Link to comment Share on other sites More sharing options...
potatohead Posted May 1, 2019 Report Share Posted May 1, 2019 2 hours ago, Jorma said: Little known fact. Boeing MCAS system was reversed to keep the nose up of the stock market up and is working perfectly. MCAS Market Crater Avoidance System Link to comment Share on other sites More sharing options...
Jorma Posted May 1, 2019 Report Share Posted May 1, 2019 the Fed also said it would slow the monthly reduction of its holdings of Treasury bonds from up to $30 billion to up to $15 billion beginning in May. Powell says asset prices not "extremely elevated" Link to comment Share on other sites More sharing options...
DrStool Posted May 1, 2019 Report Share Posted May 1, 2019 Tremendous volatility within a 0.3% range. Link to comment Share on other sites More sharing options...
Jorma Posted May 1, 2019 Report Share Posted May 1, 2019 On the wire Clorox expects slower sales growth. Are they accounting for the cleanups that will be required after Barr and Powell? Link to comment Share on other sites More sharing options...
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