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Sunday, January 17, 2016

Be patient

Hi readers

As you can see markets are in a tail spin at the present time and while many retail would be panicking over what's going on the smart money is looking at value.
While easierly said than done look at the market and the current valuations.
Stocks that have fallen badly could be good value for long term investments ..
Long term investments are 3-5 years, not weeks.
The banks are still well overvalued at the present time, and I don't think the unknowns have been answered either.
In the energy sector as I said before its all about bankrupting shale oil, nothing else.
With Iran now coming into the market expect oil to trade under $20 soon.
Iron ore is the same game, the amount of mine coming on line around the world including in China is huge yet prices are still around $35-40... That will come down to under $20 before mines start seriously closing.
What that will do to the Australian economy and its people is wake them up from the illusions of living on the Chinese growth.
China's only interest is China not Australia.
So it time for the government to stop the welfare empire from growing and move to the European system.
Assistance for 6 months and then your on your own.
That's the only way the people will learn to save for a rainy day.
This 3 generations on welfare is ridiculous.
It's no wonder people try and hide funds overseas and not pay tax.
As the great Kerry Packer once said.
"I don't mind paying tax if you (the government) spent it wisely".
Today report came out that  the top 1% own more wealth that the 99% of us..what a said fact.

On the political front.. Hilary got some media competion in Bernie Sanders. That's healthy.
Hilary just need to be smart and not do anything stupid like Donald.

Is Donald flexing his muscles at the Republician party and it's processes.
Going after the preferred candidates and making them look stupid.
Wether Ted Cruz can run or not the end result is he has burn himself, with the comment made about New Yorkers, taking loans from Investment banks.
Sunshine there is no way people are going to vote for him after that information surfaced.
So the only serious runners are again Trump the time bomb, the surgeon, and the politician.
I'm still backing the surgeon.

In the NFL well the packers where ok but we just couldn't hold out as I was hoping we could with the injuries we had.. Good effort by the boys but need to seriously do some running back recruiting.

Now I'm watching OBE one..
They are coming from a long way back but deserve to and should make it.
Big Ben is just that the big show, until the Bronco's move on Manning this games is for the steelers to loose.
Manning was a good Quarterback, but can't hit a target consistantly more than 20 yards.
Current score as this is written up
0-6 Broncos.

In small cap stocks people you tend to find retail money freak out and sell all winning trades while holding losses.
Set your prices or wait for it to settle down before entering the market.
A lower $A increases Farm Prides profitability. Remember that 

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