Comments on: The S&P/ASX 200, the U.S. economy and Australian tourism. http://www.shareswatch.com.au/blog/stockmarket/the-asx-sp-200-the-u-s-economy-and-australian-tourism/ Views about the Australian stock market, shares, the economy, investing, politics and world events. Fri, 12 Mar 2010 09:18:13 +0900 http://wordpress.org/?v=abc hourly 1 By: Greg Atkinson http://www.shareswatch.com.au/blog/stockmarket/the-asx-sp-200-the-u-s-economy-and-australian-tourism/#comment-2912 Greg Atkinson Fri, 19 Feb 2010 23:21:24 +0000 http://www.shareswatch.com.au/blog/?p=772#comment-2912 Seems I am way ahead of the curve compared to the mainstream media who are just picking up on the reasons the Japanese are not coming to Australia: http://www.smh.com.au/travel/travel-news/insensitivity-makes-waves-with-japanese-tourists-20100219-olzn.html Seems I am way ahead of the curve compared to the mainstream media who are just picking up on the reasons the Japanese are not coming to Australia: http://www.smh.com.au/travel/travel-news/insensitivity-makes-waves-with-japanese-tourists-20100219-olzn.html

]]> By: Greg Atkinson http://www.shareswatch.com.au/blog/stockmarket/the-asx-sp-200-the-u-s-economy-and-australian-tourism/#comment-1094 Greg Atkinson Fri, 10 Jul 2009 11:41:33 +0000 http://www.shareswatch.com.au/blog/?p=772#comment-1094 Senator these days it seems the Australian media think Europe = the U.K, Asia = China and everything else is the U.S. Russia is in a pretty good spot actually..sitting between Europe and Asia. I see a lot of news for example about Russia ramping up commodities exports to China and Japan so it should be an interesting few years. Senator these days it seems the Australian media think Europe = the U.K, Asia = China and everything else is the U.S.

Russia is in a pretty good spot actually..sitting between Europe and Asia. I see a lot of news for example about Russia ramping up commodities exports to China and Japan so it should be an interesting few years.

]]> By: Senator13 http://www.shareswatch.com.au/blog/stockmarket/the-asx-sp-200-the-u-s-economy-and-australian-tourism/#comment-1088 Senator13 Fri, 10 Jul 2009 07:22:45 +0000 http://www.shareswatch.com.au/blog/?p=772#comment-1088 Good point about Russia – I don’t think they should be overlooked. Over the last decade they have really come along way to pick them self up and look really determined to get their nation back on track. As for the Ashes, let’s hope the Aussies can keep batting the way they did last night! Go Australia! Good point about Russia – I don’t think they should be overlooked. Over the last decade they have really come along way to pick them self up and look really determined to get their nation back on track.

As for the Ashes, let’s hope the Aussies can keep batting the way they did last night! Go Australia!

]]> By: Greg Atkinson http://www.shareswatch.com.au/blog/stockmarket/the-asx-sp-200-the-u-s-economy-and-australian-tourism/#comment-1075 Greg Atkinson Thu, 09 Jul 2009 06:51:47 +0000 http://www.shareswatch.com.au/blog/?p=772#comment-1075 Dan I agree with you on Europe. If you include parts of Russia then there are around 800 million people in Europe, that is a pretty large market and as you say it is connected well into other markets. Dan I agree with you on Europe. If you include parts of Russia then there are around 800 million people in Europe, that is a pretty large market and as you say it is connected well into other markets.

]]> By: Dan http://www.shareswatch.com.au/blog/stockmarket/the-asx-sp-200-the-u-s-economy-and-australian-tourism/#comment-1074 Dan Thu, 09 Jul 2009 05:29:49 +0000 http://www.shareswatch.com.au/blog/?p=772#comment-1074 Well, more that the lower line of resistance was once 3600, then it was 3700, then it was 3800.. and one would expect, 3900 as the new price support. Instead it's a M shape.. and 3900 is the new upper resistance .. it looks bearish again! I agree the US economy is a total flop - I can't see any future in it for the next few years unless there is a war or some other seismic shift in world events. Europe has more intrinsic value because it still has a manufacturing sector and an educated population, plus it has markets it can reach by air, sea and rail, which is better than the US can do. Well, more that the lower line of resistance was once 3600, then it was 3700, then it was 3800.. and one would expect, 3900 as the new price support. Instead it’s a M shape.. and 3900 is the new upper resistance .. it looks bearish again!

I agree the US economy is a total flop – I can’t see any future in it for the next few years unless there is a war or some other seismic shift in world events. Europe has more intrinsic value because it still has a manufacturing sector and an educated population, plus it has markets it can reach by air, sea and rail, which is better than the US can do.

]]> By: Greg Atkinson http://www.shareswatch.com.au/blog/stockmarket/the-asx-sp-200-the-u-s-economy-and-australian-tourism/#comment-1073 Greg Atkinson Thu, 09 Jul 2009 03:14:28 +0000 http://www.shareswatch.com.au/blog/?p=772#comment-1073 Dan there is certainly something about 3800 and 4000. I guess a lot of people (like me) are sitting on their hands just waiting for a clear trend to emerge but quite happy to take some profits if the opportunities arises. Personally I am watching the data from Japan very closely to see if demand in China and Asia is going help drag the Japanese economy up a little. I have written off the U.S and Europe for this year and don't expect much good news from those parts of the world until later this year early 2010. Dan there is certainly something about 3800 and 4000. I guess a lot of people (like me) are sitting on their hands just waiting for a clear trend to emerge but quite happy to take some profits if the opportunities arises.

Personally I am watching the data from Japan very closely to see if demand in China and Asia is going help drag the Japanese economy up a little. I have written off the U.S and Europe for this year and don’t expect much good news from those parts of the world until later this year early 2010.

]]> By: Dan http://www.shareswatch.com.au/blog/stockmarket/the-asx-sp-200-the-u-s-economy-and-australian-tourism/#comment-1072 Dan Thu, 09 Jul 2009 02:53:28 +0000 http://www.shareswatch.com.au/blog/?p=772#comment-1072 Just on the article above (on the ASX 200), it looks to me, from a technical point of view, that the chart has been testing two lines of resistance - an ascending high and an up-drifting low point. That is, there is increasing volatility with time (more obvious profit taking?), but from what I can see the lower line of resistance has been broken through, suggesting that the rally could be nearing its end, because there are enough people willing to sell at below the apparent line of resistance for it to show on the ASX 200. But the real story lies in individual sectors, of course, which I havent looked at lately. Just on the article above (on the ASX 200), it looks to me, from a technical point of view, that the chart has been testing two lines of resistance – an ascending high and an up-drifting low point. That is, there is increasing volatility with time (more obvious profit taking?), but from what I can see the lower line of resistance has been broken through, suggesting that the rally could be nearing its end, because there are enough people willing to sell at below the apparent line of resistance for it to show on the ASX 200. But the real story lies in individual sectors, of course, which I havent looked at lately.

]]> By: Ned S http://www.shareswatch.com.au/blog/stockmarket/the-asx-sp-200-the-u-s-economy-and-australian-tourism/#comment-1071 Ned S Thu, 09 Jul 2009 01:18:48 +0000 http://www.shareswatch.com.au/blog/?p=772#comment-1071 I have absolutely no idea if it makes real sense or not but there has been a thought floating around for years that both Iraq and Iran made/make(?) themselves less than loved by the US by insisting on rabitting on about selling oil in currencies other than USD. The stated "theory" is that would have a significant impact on the USD's global reserve currency status? The world doesn't need to buy USD to buy oil - Bye bye USD??? Putin even hopped on the bandwagon (before the GFC blew up?) by stating he'd like to sell Russian oil in rubles. Although I didn't get the feeling that many players really warmed to the idea. I have absolutely no idea if it makes real sense or not but there has been a thought floating around for years that both Iraq and Iran made/make(?) themselves less than loved by the US by insisting on rabitting on about selling oil in currencies other than USD. The stated “theory” is that would have a significant impact on the USD’s global reserve currency status? The world doesn’t need to buy USD to buy oil – Bye bye USD???

Putin even hopped on the bandwagon (before the GFC blew up?) by stating he’d like to sell Russian oil in rubles. Although I didn’t get the feeling that many players really warmed to the idea.

]]> By: Greg Atkinson http://www.shareswatch.com.au/blog/stockmarket/the-asx-sp-200-the-u-s-economy-and-australian-tourism/#comment-1069 Greg Atkinson Wed, 08 Jul 2009 14:02:20 +0000 http://www.shareswatch.com.au/blog/?p=772#comment-1069 Thanks George. I recall the exit of the Shah and the U.S. Embassy saga. The U.S. does seem to have a history of shooting themselves in the foot so to speak. I wonder if the U.S. is angry because Iran may have assisted some of the insurgents in Iraq? Perhaps this is the real reason U.S. - Iraq tensions are so strained these days? Thanks George. I recall the exit of the Shah and the U.S. Embassy saga. The U.S. does seem to have a history of shooting themselves in the foot so to speak.

I wonder if the U.S. is angry because Iran may have assisted some of the insurgents in Iraq? Perhaps this is the real reason U.S. – Iraq tensions are so strained these days?

]]> By: George http://www.shareswatch.com.au/blog/stockmarket/the-asx-sp-200-the-u-s-economy-and-australian-tourism/#comment-1068 George Wed, 08 Jul 2009 13:33:47 +0000 http://www.shareswatch.com.au/blog/?p=772#comment-1068 Greg, re: your post at Daily Reckoning Comment by Greg Atkinson on 8 July 2009: To be honest I cannot recall what the West are annoyed at the Iranians for in the first place. Is it because they never filled out their application form correctly to have a nuclear reactor? If that is the case I do not recall India or Pakistan filling out an application form to have nuclear weapons either. The democratically elected president of Iran, sometime in the 50's or thereabout, was going to nationalize the Iran oil industry. The CIA deposed him and installed the Shaw. The Shaw ran a very repressive regime from which Sadam took notes. In the 70's Iatolah Kolmeni led the Iranian revolution. Students invaded the U.S. embassy and took some 40 hostages. The bottom line is that the U.S. brought on the animosity themselves. you may e-mail me if you want more info, but you can probably get it from Wikipedia more accurately. George Greg,
re: your post at Daily Reckoning

Comment by Greg Atkinson on 8 July 2009:

To be honest I cannot recall what the West are annoyed at the Iranians for in the first place. Is it because they never filled out their application form correctly to have a nuclear reactor? If that is the case I do not recall India or Pakistan filling out an application form to have nuclear weapons either.

The democratically elected president of Iran, sometime in the 50’s or thereabout, was going to nationalize the Iran oil industry. The CIA deposed him and installed the Shaw. The Shaw ran a very repressive regime from which Sadam took notes. In the 70’s Iatolah Kolmeni led the Iranian revolution. Students invaded the U.S. embassy and took some 40 hostages. The bottom line is that the U.S. brought on the animosity themselves.

you may e-mail me if you want more info, but you can probably get it from Wikipedia more accurately.

George

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