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A free to access Australian ASX focused stock market website, portal and shares blog for investors interested in the stock market, economic outlook, commodities prices and the global economy.

All Ordinaries4577.60  chart +0.32%
2010-09-03

A double dip recession, fear and keeping an open mind.  August 27th, 2010 · 29 Comments

Well the Dow Jones closed this morning below 10,000 and for those financial writers who focus more on grabbing reader’s attention rather than on facts, that can only mean one thing: the U.S economy is heading for a double dip recession! Of course the fact that the U.S economy is actually expanding, as are other major economies like China, Japan and Germany, appears irrelevant to many market commentators who seem intent on making investors fear that another economic crisis is at hand.

A federal election, selfish voters and the media circus.  August 17th, 2010 · 14 Comments

Thankfully one of the least productive uses of resources on a national scale, a federal election, will soon be over. As usual the government of the day amazingly comes up with a whole range of great ideas that it failed to come up with during the previous 3 years and the crowd trying to gain power, attempt to convince us that they could do better.

A quick look at 52 week high and low stock prices: August 2010  August 11th, 2010 · 10 Comments

Today the Australian stock market is slipping back towards 4500 as once again investors are becoming concerned that the feeble global economic recovery is faltering. But rather than focus on the short term movement of the stock market let’s once again look at the 52 week share prices of some commonly held Australian stocks.

Oil, gold, the Dow Jones and the ASX All Ordinaries.  July 29th, 2010 · 8 Comments

Despite a fairly nasty stock market correction over the last few weeks the Australian market did not fall anywhere near the lows of March 2009 and as I have been saying for nearly a year, we won’t see those levels again for some time,  if ever.  So now that the market correction appears to be over, what are stocks, oil and gold prices likely to do during the next few months.

A tall poppy is cut down: Gillard could bloom awhile.  July 20th, 2010 · 5 Comments

Strange things happen to Australian prime ministers. One (Harold Holt, 1966-67) disappeared while swimming near a Melbourne beach; speculation says he may have been eaten by a shark.

The G20 Toronto Summit: the end of consensus.  July 6th, 2010 · 3 Comments

As readers of this blog will know, I believe that the G20 leaders meetings are generally a waste of time and fossil fuels. After each meeting all we ever get is some vague declaration that basically says all the G20 leaders are wonderful with the mainstream media simply rehashing press releases and happy to go along for the ride. The latest G20 gathering in Toronto, Canada, was no different except that more police cars were set alight.

Farewell Rudd, Gillard takes power and the palace coup.  June 27th, 2010 · 25 Comments

Amazingly Kevin Rudd is no longer the Prime Minister of Australia and lost his position without a single vote being cast. Does this mean the days of the Government borrowing and wasting money are over or is Julia Gillard going to be an even bigger spender than Rudd? What a week, and worst of all Wayne Swan is representing Australia at the G-20 meeting in Toronto in Canada!

The ASX All Ordinaries, Dow Jones and the Baltic Dry Index.  June 23rd, 2010 · 14 Comments

Stock markets around the world have had a very volatile run over the last few weeks with everything from debt levels in Europe to housing statistics in the U.S.  giving scaring investors. But during times of market volatility it is important to try and spot the longer term market trends and not get carried away by sensational headlines or daily market swings.

The Shareswatch Random Portfolio: June 2010  June 14th, 2010 · 3 Comments

Back in October 2009 the Shareswatch Random Portfolio had racked up over 25% in unrealised capital gains in just 12 months. But May 2010 was not a good one for the stock market so how is this random selection of stocks holding up after the correction?

The Resources Super Profits Tax, twisted logic and why Henry must go.  June 7th, 2010 · 98 Comments

Quite clearly the debate regarding the Resources Super Profits Tax (RSPT) in Australia and abroad has not died down. Despite what the Government would like people to believe, it is not just the foreign mining companies that are opposed to this new tax, but also small Australian mining companies, business owners and the public in general.

Media vultures circle Japan’s P.M.  May 27th, 2010 · 11 Comments

In Brazil they tell the story of the small-town TV crime reporter who gained fame and scoops by arranging crimes himself. He could then rush out and interview the victims well before rivals. But eventually his scoops caught up with him and he ended up in jail.

Has the stock market correction gone too far?  May 24th, 2010 · 51 Comments

For more than a week investors have been watching stock markets across the globe drop sharply as concerns over debt in Europe have raised doubts in people’s minds that a global economy recovery is really taking shape. But is the current correction really that bad, and is there a chance that stocks have fallen too far, too quickly?

The two speed economy, debt and the fantasyland federal budget.  May 17th, 2010 · 26 Comments

Now that the major stock markets around the world are falling the Australian media have become obsessed with the concept of a “two speed economy”. I am not sure who first started using this term, maybe it was the gurus at the Treasury or the Reserve Bank, but in my view there is no such thing as a two speed economy. The situation we have now is that the economy has simply been mismanaged.

The tax review, health reform and Rudd fatigue.  May 7th, 2010 · 74 Comments

Well the Government’s response to the Henry Tax Review has been released and even Ruddites like David Koch from Kev07’s public relations program “Sunrise”, seem annoyed by the way the report is basically being shelved. Suddenly the business media has woken up to the fact that Rudd and Swan are economic dills, but as reader’s of this blog will be aware I have been warning about what these two would do to the economy for years.

What might an Australian economic slump look like?  April 30th, 2010 · 127 Comments

If you are an investor and you have not contemplated an economic slump in Australia during the next few years then in my view, you might be in for a nasty surprise. Yes the Australian economy did hold up well during the worst of global financial crisis, but the crisis isn’t over yet and it still has some sting left in it’s tail. (just ask the people of Greece!)

Another G20 love-in, the global recovery and China.  April 25th, 2010 · 36 Comments

All hail to the G20 Finance Ministers and Central Bank Governors, for according to the communiqué from G20 meeting in Washington, they have saved the world from a financial crisis and will now lead us into a new era of growing global trade. Of course if the G20 actually functioned properly in the first place we would not be in the mess we are in now, but I guess they don’t talk about that much at the meeting.


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