Stocks dip after RBA minutes

Posted to The Age (17/4/2012) on 17/4/2012 at 10:49 AM
Commenting on "Markets Live: Stocks dip after RBA minutes"
http://www.theage.com.au/business/markets-live/markets-live-stocks-dip-after-rba-minutes-20120417-1x4gg.html

The graph looks spectacular, doesn't it? It is just the scale of the graph that plays the trick.

There's nothing to celebrate these days - the PIIGS are still getting leaner, China has to dig into her own pocket because lean PIIGS are not good for Chinese export, and lean China means less mineral export from Australia to China or same volume at lower prices.

If banks keep increasing interest, more money will be deposited and not go out, that means less profit eventually. If borrowing becomes more and unaffordable, the real estate will continue to decline. Collapse in real estate industry means more defaults, and bank write-off.

Am I too pessimistic? No way, I think I have my brain at the right place and think like a common citizen, while those gurus sitting in the ivory tower having been throwing darts to the future outlook dart board.

Shares lower on Greece doubts

Posted to The Age (22/2/2012) on 22/2/2012 at 1:47 PM
Commenting on "Markets Live: Shares lower on Greece doubts"
http://www.theage.com.au/business/markets/markets-live-shares-lower-on-greece-doubts-20120222-1tmo0.html

Only bunnies believe Greece has such magical and mythical power to influence our stock market overnight!

Unlike, the Chinese God of Wealth who "is" obese (sign of prosperity) and has a smiling face, Plutus the Grecian mythological God was lame and blind!

If you lose your money by following the gypsy-style crystal-ball-reading analysts, I can visualise that you are a hopping mad blind Freddy!

Markets Live: Shares retreat on Europe woes

Posted to The Age (22/12/2011) on 22/12/2011 at 10:46 AM
Commenting on "Markets Live: Shares retreat on Europe woes"
http://www.theage.com.au/business/markets/markets-live-shares-retreat-on-europe-woes-20111222-1p66q.html

Playing in the share market is like playing with the poker machine. Players are not even playing on hope or expectation; they are more like zombies hopping in all directions. It is pure nonsense to believe a set of good data is going to change the world and making it a better place, or another bad set is to end all the miseries of mankind.

Wake up players, there are too many scrupulous people having you on; they manipulate the market to their advantage.

Jump in US housing starts points to recovery

Posted to The Age (21/12/2011) on 21/12/2011 at 11:55 PM
Commenting on "Jump in US housing starts points to recovery"
http://theage.domain.com.au/real-estate-news/jump-in-us-housing-starts-points-to-recovery-20111221-1p4tt.html

"US housing starts and building permits jumped to a 1-1/2 year high in November as demand for rental apartments rose."

Excuse me, Sir, can you tell me who is investing in the building construction? Is it similar to Australia, in particular Sydney, which the Asians are pouring in the money?

Does demand of rental apartments mean tenants looking for rental apartments, or investors looking to buy rental apartments? What's the vacancy rate in apartments at present?

"It will still take two to three years to work off the excess inventory ..."

Why do people keep building more apartments when there is excess inventory not cleared?

Oh, Sir, do people still believe in Stock fundamentals? Are people getting too gullible believing in just one set of rather ambiguous data?

Markets Live: Stocks waver as Europe eyed

Posted to The Age (16/11/2011) on 16/11/2011 at 1:19 PM
Commenting on "Markets Live: Stocks waver as Europe eyed"
http://www.theage.com.au/business/markets-live-stocks-waver-as-europe-eyed-20111116-1nhwb.html

Uranium and coal seam gas - energy sources of the future. Buy until they become toxic shares!

Aussie stocks trim gains

Posted to The Age (11/11/2011) on 11/11/2011 at 1:25 PM
Commenting on "Markets Live: Aussie stocks trim gains"
http://www.theage.com.au/business/markets-live-aussie-stocks-trim-gains-20111111-1na5v.html

If Rome was not built in one day, how could Italy? Besides, it will cost a lot more in money and time to rebuild what has been "destroyed" by its ageing population, bureaucracy, corruption and tax-avoiding black market. With that in mind, how can anyone believe that this bad wind will blow away in just a matter of a day or so, and have so much confidence in pushing up share prices in such turbulent market?

Anything happens in Europe can affect economy worldwide. It is evident from other reports that China export has slowed. It is myopic to think that internal consumption will keep China economy going just like before. If it does, it is only temporary, because China needs a lot of money to look after a huge population.

Australia must also be cautious about continuous outflow of monies to overseas through online shopping and outbound tourism. Once consumers parted their monies, there will be less for internal circulation required for job creation and tax revenue.

Debt makes the world goes round, but debt is virtual money and must be repaid at some point in time. Prosperity created by debt is temporary, unless it can be repaid sooner by real money and not by another form of debt.

Markets Live: Stocks lose $37b on Italy fears

Posted to The Age (10/11/2011) on 10/11/2011 at 12:18 PM
Commenting on "Markets Live: Stocks lose $37b on Italy fears"
http://www.theage.com.au/business/markets/markets-live-stocks-lose-37b-on-italy-fears-20111110-1n85g.html

As if you don't know that this is coming, really? Do you know who the PI(I)GS are? Bad luck for those who are so pig-headed in insisting that Santa Claus will bring them the gold nugget this Christmas will lose not just the pair of pants they are wearing, but the all wardrobe’s. Take off the blinkers or the Stevie Wonder style glasses and look again. If you believe in the end of the world will occur 2012, you still have a tomorrow, because there are a lot of tomorrows yet to come before 2012. The financial turmoil in Europe is real, and it is a lot bigger than Ben Hur. The flow-on effect is real as well, but then many economists just brush it off - China cannot just rely on internal consumption to keep its prosperity going. Without inflow of export or investment income, savings will dwindle. It’s elementary, Watson!

Aussie stocks hold onto gains

Posted to The Age (9/11/2011) on 9/11/2011 at 12:30 PM
Commenting on "Markets Live: Aussie stocks hold onto gains"
http://www.theage.com.au/business/markets/markets-live-aussie-stocks-hold-onto-gains-20111109-1n67q.html

My goodness, who will come out with the money for any new bail out? That's nothing to sing and dance about!

Qantas executive pay wins shareholder support

Posted to Herald Sun (28/10/2011) on 28/10/2011 at 8:48 PM (Not published by Newspaper)
Commenting on “Qantas executive pay wins shareholder support”
http://www.heraldsun.com.au/business/qantas-executive-pay-wins-shareholder-support/story-fn7j19iv-1226179659268

Posted to Adelaide Now (29/10/2011) on 29/10/2011 at 4:42 AM (Not published by Newspaper), 31/10/2011 at 2:33 PM
Commenting on “Alan Joyce issues a dire warning on Qantas future” ”
http://www.adelaidenow.com.au/alan-joyce-issues-a-dire-warning-on-qantas-future/comments-e6frea6u-1226180044388

Most whingers are apathetic. The laws have changed, and shareholders could have blocked the obscene 71% increase of chief executive Alan Joyce's remuneration. The additional hand out for all the executives in the past years could have been distributed as dividend to the shareholders who have not received any cent any since 2009. Yep, that is why they are the smart executives, because they know they can get money from those whinge-only care-not-much shareholders.

Stocks hit by trading glitch

Posted to The Age (27/10/2011) on 27/10/2011 at 12:10 PM
Commenting on “Stocks hit by trading glitch”
http://www.theage.com.au/business/markets/stocks-hit-by-trading-glitch-20111027-1mkuj.html

The only way EU problems can be resolved is to allow those countries in financial crisis to default, or the whole world’s economy will be dragged down to the state no return! Let these troubled countries start out with a blank sheet – correction, let the filthy rich starts from scratch again. Greece is in a diabolical situation. Whether a country is governed by democratic system, dictatorship regime or communist ideology makes no difference to the people if equality and full stomach prevail. There are enough examples in the past as well as lately where people power has proved to be mightier than big guns and trained soldiers. I hope peaceful countries like Australia are vigilant about the ways public monies and taxes are spent, and that the wealth gaps between the haves and have-nots do not get bigger than the Earth’s fault lines.

Australian share market best week of gains in more than a year

Posted to Herald Sun (7/10/2011) on 7/10/2011 at 10:07 PM (Not published by Newspaper)
Commenting on "Australian share market best week of gains in more than a year"
http://www.heraldsun.com.au/business/australian-share-market-takes-another-step-forward/story-fn7j19iv-1226161012216

Do the share market "players" really know what they are doing or talking about? The share market is getting more and more like Crown Casino or Flemington Racecourse during spring racing festival. Share market "punters" in recent days relied more on guts feel instead of fundamentals or trends - how can oil demand changes overnight or Greece turn over a new leaf and become more capable in paying off their debt? Even Qantas workers' calling off the latest strike does not mean that there are no forthcoming stop works or all conflicts between the workers and the Company have been resolved miraculously.

As Christmas approaches and winter sets in the northern hemisphere, more unhappy news will be released by nations of the north about how the increasing number of unemployed suffers the cold miserable season. In addition, countries in northern Africa and Middle East are also in the state of political turmoil.

With uncertain time like now, I cannot see the share market players are rational in their buying and selling decisions. To this end, any negative news will send the market tumble again. I still believe that the ASX ordinary index will be around 3500 in the next week or so.

Shares lose $20b as sell-off continues

Posted to The Age (3/10/2011) on 3/10/2011 at 1:14 PM
Commenting on "Shares lose $20b as sell-off continues"
http://www.theage.com.au/business/markets/shares-lose-20b-as-selloff-continues-20111003-1l4ai.html

We have not seen the last of the fall yet. ASX ordinary index will fall to 3500 within the next few days. While we need to live more optimistically, or else life is not worth living, we also need to be realistic and live within our means. Everything, in the universe, is always in a state of equilibrium. When something goes negative, another goes positive. The share market fall results in larger amount of money in the bank deposit; share market players lose but bank account holders win. In fact, this is the fundamental principle of accounting rule.

Borrowers cannot keep on borrowing, because the lenders cannot even get their interests from the borrowers let alone the principal. Germans cannot just handout money to the Greeks who work shorter hours, and many live on social welfare enjoying the Mediterranean sun. Young Greeks of today suffer because the romantic, casual and relaxed life style enjoyed by forebears of yesteryears did not create solid foundation for employment.

European financial crisis is analogous to a fast descending hot air balloon. It has reached a stage that almost everything, except the balloonists, in the balloon basket has to be thrown overboard to keep the balloon afloat. If the rest of European countries go down with Greece, no one is wiser, and even if with the best intention, Greece will not survive, because the rest also become exhausted in energy and fund.

As what the former Singapore Prime Minister Mr Lee Kwan Yew once said, “give a beggar a gold coin, he will ask for a second one.”