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Vagabond valediction....


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Posted

Looking quite cheery for both us and the Kiwis at present. All Ords +0.4% led by Gold +1.8% and Consumer Staples +1% with only one red sector, REITS -0.4%.

 

 

t?s=%5ENZ50

 

 

t?s=%5EAORD

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Posted

If Grease-bags get bailed...

 

Watch out for a nice "Boner Mickey"

 

Time and date to be determined

 

(Maybe that's what the March 2010 "Bradley" was-a sayin')

 

Stoopid cosmic crap

 

Stoopid historic parallels

 

Over and Out

Posted

If Grease-bags get bailed...

 

Watch out for a nice "Boner Mickey"

 

Time and date to be determined

 

(Maybe that's what the March 2010 "Bradley" was-a sayin')

 

Stoopid cosmic crap

 

Stoopid historic parallels

 

Over and Out

 

 

Who is going to bail California out? Its economy dwarfs Greece. Who is going to bail out the balers? Greece is a sideshow or a misdirection in any case. Everyone has a sovereign debt crisis. So as the sun sets on sovereign debt the world over it makes some sense to think perhaps corporate debt, and assets or the imaginary stake in their assets which stocks represent, might be the preferred alternative. Over the longer term I mean.

Posted

The place to be...

 

The Spring Festival of India, Holi - is a festival of colors. Celebrated in March or April according to the Hindu calendar, it was meant to welcome the spring and win the blessings of Gods for good harvests and fertility of the land.

 

Unlike all the other festivals of India, Hindu Holi festival is one such festival where one can put down the social taboos and indulge in the intoxicating drinks and sweets prepared by using opium. It is a festival of romance often represented by the love-play of Radha and Krishna. Brij Holi is famous all over the world for its gaiety in spirit. Each year, young and old, men and women, all indulge themselves in the spirit of colors and for once forget the social taboos.

 

 

post-2456-12674158851403.jpg

Posted

Australian Profits, Manufacturing Gain Ahead of Rate Decision

 

March 1 (Bloomberg) -- Australian company profits increased for the first time in five quarters and manufacturing expanded at the fastest pace since 2007, strengthening the case for the central bank to resume raising interest rates tomorrow.

 

Gross operating profits jumped 2.2 percent last quarter from the previous three months, the Bureau of Statistics said in Sydney today. An index of manufacturing performance rose to 53.8 points in February, according to a separate report from the Australian Industry Group and PricewaterhouseCoopers survey.

 

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Australia’s Fourth-Quarter Current Account Gap Widens

 

March 1 (Bloomberg) -- Australia’s current-account deficit widened more than economists forecast in the three months through December as imports including industrial transport machinery and fuel gained.

 

The shortfall on goods, services and investment increased to A$17.5 billion ($15.7 billion) from a revised A$14.7 billion in the third quarter, the Bureau of Statistics said in Sydney today. The median estimate in a Bloomberg News survey of 19 economists was for a A$17.2 billion gap.

Posted

w?s=^AORD

 

 

All Ords rose +0.9% for the day with notable gains for several sectors. Consumer Staples +3% came in #1 followed by IT +2.2% and Gold +2.1%. Telecomms -1.1% was the only downer.

 

Over in Asia, China +1%, Honkers +1.9% and Nikkers +0.8%. India and Sth Korea closed for holidays.

 

 

On to UK/Europe:

 

Footsie

 

image;size=239x110

 

 

DAX

 

image;size=239x110

 

 

CAC 40

 

image;size=239x110

Posted

Dow CFD hourly

 

it broke that downtrendline. Looks like an inverted SHS. 10450 possible today. Dow CASH will show us if end of last week was only end of month paint job. All I know is that both on thrusday and friday downmoves were agressively bought by bulls. Bears must work hard today to fight this.

 

post-510-12674355617524.png

Posted

GBP selling across the board. The queen gets it with the shaft boot.

 

Gilts lose triple A lustre for investors

http://www.ft.com/cms/s/0/f14fb952-249e-11df-8be0-00144feab49a.html

 

uk 10year

http://www.bloomberg.com/apps/cbuilder?ticker1=GUKG10%3AIND

 

Portugal 10year

http://www.bloomberg.com/apps/cbuilder?ticker1=GSPT10Y%3AIND

 

German 10 year

http://www.bloomberg.com/apps/cbuilder?ticker1=GDBR10%3AIND

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