Monday’s retreat has spelled the end of the rally for now. The FTSE finished lower than the finish on Friday the 20th so the big rally on Monday the 23rd has vaporised. The S&P500 has almost cancelled out the rally also. It has only 20 points of the rally left while the DJIA still has some [...]
After Mondays huge rally on the announcement of the bail out plan the S&P500 went no where, finishing the week less than a point below Mondays settlement. You might say the rally stalled, or is pausing, depending on your outlook. I have just finished reading John Mauldin’s weekly E-letter, (you can join the many readers [...]
This morning Western Australia ended the three year trial on having daylight saving. Although every referendum has said NO to daylight saving, those in power at the time decreed we should try it for three years. Now we are to have another referendum on the 16th May. Perth has 20 minutes daylight saving all year [...]
The US market is determined to have a rally, irrespective of the economic news and prognosis. The S&P500 has managed to remain over the resistance level of 800 for this week. The DJIA still has 150 or so points to go to get to 8,000 and the FTSE still has around 125 points to go [...]
Last night (for us down under) Treasury Secretary Geithner finally got around to spelling out how the banks getting rid of their toxic assets would work. Although nothing has changed in the economy, the markets went ballistic. The S&P500 punched through the 800 point resistance, the DJIA made nearly 500 points. Lets look at the [...]
The value of housing has dropped significantly in many areas. The stock markets around the world have plunged. Many people have found that their retirement savings have vaporised. Now I won’t go into suggestions about the importance of knowing how much money you have coming in and being spent. I will assume you know about [...]
An interesting week indeed. As discussed in my last blog the FED’s decision sparked a big jump for Wednesday. So far my thoughts on the results of this decision have been confirmed. But what of the rally over all? I now think a large part of it was due the the March expiry looming and [...]
With the interest rate ammunition locker empty, the FED is resorting to the last line of defence by rolling out the “printing press”, figuratively speaking . Really it is just adding zeros and creating money out of the ether, (I wish I could do the same). The announcement by the FED that they would buy [...]
Monday’s action in the US showed a big sell off in the last couple of hours. The FTSE finished well up as it closed at the peak of the US market. The Australian market finished well up today which was a bit surprising considering the US action. Where to from here? I am still waiting [...]
I thought it is about time I wrote on my theme. The secret about getting older and being happy is keeping active in mind and body. An obvious statement you might say, but look around at friends in the 60+ age group, (or parents’ friends if you are of the younger set), and note just [...]