Hi readers
It's amazing how governments around the world portray news..
Obama States that not on his watch this will occur with the CIA torches yet how can he know? Full of it.
Yet on the other side of the world we see a government prepared to go after multi nationals for tax revenue.. It's funny that CNBC says Australia is just the start.. Private accountants will always find ways to look after there clients interests..
Today we hear housing bubble about to burst in Australia .... Lol
Why is that tho ?
To the Australian readers : wholesale clients are leaving your shores wake up to it..
Retail isn't able to sustain the influx of stock... Whether it be housing, stock market or commercial.
Your key to this is the dollar.
Banks are forecasting rate cuts for next year. ...( laughing ) wake up if the dollar keeps falling there won't be no cuts regardless of what anyone forecasts.
China is the worlds flu epidemic economically.
So when they start tightening up the world will feel it.
China is will be the reason for the stock market plunge next year, as many clients know.
So it OK to be in cash for now and just wait.
In regards to oil and metals they won't stop falling so careful .
In regards to the question put to me !!!
The Australia stock index is 50% weighted by banks.
There is no banking crises so don't be of the primertive belief that the Australian market is a mining index.
Just a quick note what will happen to the banks if a recession does come to Australia.
Question 2 from reader
Answer: I'm looking to sell my APPL stock at $150 which it should hit before the year is out with the Xmas sales.
I would only buy BHP and MQG under $15 and I'm very happy to wait.
MQG is a stock trader nothing more the rest is for protection purposes..there banking license is crap they have no branches to open account. The accounts they have is from there clients so they can trade them in and out easy..
As for BHP I struggle to keep up with them. Once they don't make money from one division in a quarter or two they seem to sell things off.. Now it's stuck with falling commodity prices from the businesses it has. So doesn't it start selling out of those businesses now?
In my view BHP has lost its direction last 2 years.
Will see $15 before $40 just my humble opinion..
It's amazing how governments around the world portray news..
Obama States that not on his watch this will occur with the CIA torches yet how can he know? Full of it.
Yet on the other side of the world we see a government prepared to go after multi nationals for tax revenue.. It's funny that CNBC says Australia is just the start.. Private accountants will always find ways to look after there clients interests..
Today we hear housing bubble about to burst in Australia .... Lol
Why is that tho ?
To the Australian readers : wholesale clients are leaving your shores wake up to it..
Retail isn't able to sustain the influx of stock... Whether it be housing, stock market or commercial.
Your key to this is the dollar.
Banks are forecasting rate cuts for next year. ...( laughing ) wake up if the dollar keeps falling there won't be no cuts regardless of what anyone forecasts.
China is the worlds flu epidemic economically.
So when they start tightening up the world will feel it.
China is will be the reason for the stock market plunge next year, as many clients know.
So it OK to be in cash for now and just wait.
In regards to oil and metals they won't stop falling so careful .
In regards to the question put to me !!!
The Australia stock index is 50% weighted by banks.
There is no banking crises so don't be of the primertive belief that the Australian market is a mining index.
Just a quick note what will happen to the banks if a recession does come to Australia.
Question 2 from reader
Answer: I'm looking to sell my APPL stock at $150 which it should hit before the year is out with the Xmas sales.
I would only buy BHP and MQG under $15 and I'm very happy to wait.
MQG is a stock trader nothing more the rest is for protection purposes..there banking license is crap they have no branches to open account. The accounts they have is from there clients so they can trade them in and out easy..
As for BHP I struggle to keep up with them. Once they don't make money from one division in a quarter or two they seem to sell things off.. Now it's stuck with falling commodity prices from the businesses it has. So doesn't it start selling out of those businesses now?
In my view BHP has lost its direction last 2 years.
Will see $15 before $40 just my humble opinion..
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