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World Stock Markets Trading Discussion - Tailored tap-dance


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w?s=%5EAORD&lang=en-AU&region=AU

 

All Ords closed +0.2% and in the sectors, REITS came in number 1, +0.9% followed by Gold/Financials +0.6%.  Consumer Staples/Utilities -0.5% were at the other end.

Over in Asia, China -1%, Hong Kong flat, Japan -0.4%, India -0.2%.

 

 

On to UK/Europe:

 

 

t?s=%5EFTSE&lang=en-AU&region=AU&width=3

 

t?s=%5EGDAXI&lang=en-AU&region=AU&width=

 

t?s=%5EFCHI&lang=en-AU&region=AU&width=3

https://au.finance.yahoo.com/

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The 5 day cycle indicator has been falling sharply as the market goes sideways since yesterday. 

 

That is either bullish or bearish.

 

I'll let you know which it is, after the fact.  :lol:

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All Green on St. Patrick's Day

 

>: No Red allowed on options-witching day

 

>:: Its all good - I just won 4 cans of soup from

     Kroger's March Madness Instant Win Game online

 

post-8194-0-32100300-1489775586_thumb.jpg

 

even the soup line is paying off today........only soup for me, though........

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WHAT IS SEEN AND WHAT IS UNSEEN

 

GM looks awfully cheap at 6 times eanings and 5% dividend yield.

 

Very tempting - Until you see the unseen and hear the two words "PENSION DEFICIT" for whom the stock bells toll.

 

GM has 21 BILLION in unfunded pension liabilities.

 

But it could be even worse. What if the actuarial assumptions under which the current deficit is calculated are too generous and the earnings rate of the pensions funds in the future are lower than the current actuary determined earnings rates.

 

What if the pension deficits in time exceed the current market cap of GM.

 

The generous dividend feels very much like picking up pennies (or is that dimes?) in front of the steam roller.

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