aussiebear Posted August 16, 2019 Report Share Posted August 16, 2019 Early openers are proceeding with caution: Kiwis -0.3%, Aussies flat, Japan -0.4%, Sth Korea -1.3%. Modest moves in Aussie sectors: Utilities +0.7% down to Telecomms -1.5%. All Ords http://www.abc.net.au/news/business/ Link to comment Share on other sites More sharing options...
aussiebear Posted August 16, 2019 Author Report Share Posted August 16, 2019 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted August 16, 2019 Author Report Share Posted August 16, 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 August 16, 2019 Author Report Share Posted August 16, 2019 http://www.engrish.com/2018/04/do-you-enjoy-exhibition/ Spotted in Japan. Link to comment Share on other sites More sharing options...
aussiebear Posted August 16, 2019 Author Report Share Posted August 16, 2019 ll Ords 5-day chart http://bigcharts.mar...com/default.asp A relatively quiet day with punters licking their wounds .. All Ords closed -0.1% with sectors ranging from Financials +0.7% down to Telecomms -2.7%. Over in Asia, China +0.3%, Hong Kong +0.9%, Japan +0.1%, India +0.1%. Reasonable gains for UK/Europe on open: FTSE +0.4%, DAX +0.6%, CAC +0.7%. http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
aussiebear Posted August 16, 2019 Author Report Share Posted August 16, 2019 http://bigcharts.mar...com/default.asp Link to comment Share on other sites More sharing options...
Jorma Posted August 16, 2019 Report Share Posted August 16, 2019 The crazy Saudis are touting taking ARAMCO public again, or parts of it. They were going to do it last year. Everyone was talking about a $1TN IPO. I kept thinking how is this going to work, liquidity wise? Who in their right mind is going to give their money to a Monarchy that does not have the rule of law? Well I suppose plenty, of suckers. Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2019 Report Share Posted August 16, 2019 2 day cycle projection 2885. Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2019 Report Share Posted August 16, 2019 2 day cycle projection 2893. Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2019 Report Share Posted August 16, 2019 4 minutes ago, DrStool said: 2 day cycle projection 2893. Now 2893. Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2019 Report Share Posted August 16, 2019 Check out this trendline action. I drew that line this morning as a parallel to the lower trend. We'll see if it sticks. If they clear it, next stop 2900. What a joke that would be. Try Lee Adler’s Technical Trader and Liquidity Trader risk free for 90 days! Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2019 Report Share Posted August 16, 2019 2:30 turn time. I say Down! Link to comment Share on other sites More sharing options...
Jorma Posted August 16, 2019 Report Share Posted August 16, 2019 In the short term I think it's safe to say that Treasuries are cruzin for a bruisen. Link to comment Share on other sites More sharing options...
Jimbo Posted August 17, 2019 Report Share Posted August 17, 2019 THE PROBLEM WITH GE In the last four years Net tangible assets have declined from $15 Billion to Negative $47 billion A drop of $64 Billion in NTA. Mainly due to all their the dividends and share buybacks. (i.e. massive stock pumping operation) All funded by borrowings. Which finally trashed the share price and balance sheet. After the shareholders suddenly realized that borrowing to fund stock purchases and dividends destroys the actual reality price (ARP) of the stock in the long term (even as it does wonders for the market reality price of the stock in the short term). Because GE simply doesnt generate any free cash flow from its operations (I think negative 2-3 Billion....not large but adds up over time). (unlike Apple which is a FCF king..........for now.....it appears to be starting to go down the GE path......I hope it stops in time). As GE is still FCF negative it has no funds to pay down debt. So it cant do a "REVERSE COYOTE" and pay down debt and add NTA and ARP value to the stock. (Note GE has had three full coyote cycles in the last 25 years!!!!!!!!!) So I dont think the stock goes up anytime soon unless: Further real cost cutting, capital raising, major asset sales or significant demand increase for products occurs. And as Mr Markopolous suggested any blow out in long term care costs, or a recession inducing drop in demand for its products, could sink the stock severely. If I were GE I would do a capital raising here. 20-30 Billion should do the trick!!!!!!!!!! Link to comment Share on other sites More sharing options...
Jimbo Posted August 17, 2019 Report Share Posted August 17, 2019 THOUGHT OF THE WEEK Where is the 100 year bond ETF when you need it???????????? Link to comment Share on other sites More sharing options...
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