1. 2.5k
    Posts

    face mask boom mkt

    1 like
  2. 4.8k
    Posts

    XJO has been finding support around the 7000 this week.

    1 like
  3. 2.5k
    Posts
  4. 71.5k
    Posts

    am not sure i will be around in 14 years time

    but good luck to those that are

    the ' floor ' has rotten boards so i would be looking at the fib. around 68% ( 68.1 ??? ) for the retrace

  5. 7.2k
    Posts

    Looks set for Blood on the Streets today
    ... so what's the consenus? Buying opportunity today or will the rest of the week's bad news, as the virus news & world stock markets plunge hits the media, push us even lower?

    ...

    "The Australian sharemarket is poised to slump at the open as fears spread through global markets that a virus outbreak emanating from China will serverely dent global growth.

    Stocks fell sharply on Wall Street on Friday (local time), setting up the Australian sharemarket for steep falls on Monday morning. At 6am AEDT on Monday, futures are pointing to a fall of 119 points, or 1.7 per cent at the open."

    https://www.smh.com.au/business/markets/australian-sharemarket-set-to-dive-as-virus-fears-sink-global-markets-20200203-p53x3s.html

    1 like
  6. 4.8k
    Posts

    Short profit takers will be active into RBA statement,IMO

    2 likes
  7. 4.8k
    Posts

    Looks to be running out of puff at 7100.
    Bezo sells $4bill Amazon shares as Chinese supply chain grinds to a halt.

    Bloomberg
    @business

    Jeff Bezos sells $4.1 billion of Amazon shares in a week, a record and a reversal after years of restraint https://trib.al/SPW8fQw

    1 like
  8. 71.5k
    Posts

    has touched 7,139.300 today , just 5 points short of the record

    please take care

  9. 4.8k
    Posts

    Got a bit of a short on up there,Stops over the high.

    1 like
  10. 2.5k
    Posts

    up steps down elevator/ just when imo

    2 likes
  11. 71.5k
    Posts

    am watching thinking to add more BBUS ..( maybe even extra BBOZ )

  12. 71.5k
    Posts

    7,145.800 touched ( a new record ) but is close to 7105 currently

  13. 4.8k
    Posts

    Double top for some.
    Metals catching a bid

    2 likes
  14. 2.5k
    Posts

    yep 7080 ...mkt makes no sense what so ever ..

    1 like
  15. 2.5k
    Posts

    Charlie Munger warns there are ‘lots of troubles coming’ because of ‘too much wretched excess’
    PUBLISHED WED, FEB 12 20203:30 PM ESTUPDATED WED, FEB 12 20208:38 PM EST
    Fred Imbert
    @FOIMBERT
    KEY POINTS
    Munger highlighted how much risk investors are taking when investing, particularly in China.
    “In China, … they love to gamble in stocks. This is really stupid,” Munger said.
    Munger also highlighted the proliferation of EBITDA as a profit metric as another sign of wretched excess, calling it “ridiculous.”
    “I don’t like when investment bankers talk about EBITDA, which I call bulls--- earnings.”
    CNBC: Charles Munger 170508 001
    Charles Munger
    David A. Grogan | CNBC
    Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday.

    “I think there are lots of troubles coming,” he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.”

    Munger — who chairs the publisher — highlighted how much risk investors are taking when investing, particularly in China.

    ADVERTISING

    Ads by Teads
    “In China, … they love to gamble in stocks. This is really stupid,” Munger said. “It’s hard to imagine anything dumber than the way the Chinese hold stocks.”

    In the U.S. alone, investors face risks ranging from the coronavirus’ impact on the economy to political uncertainty from the upcoming presidential election. Also, the Treasury announced on Wednesday that the U.S. budget deficit increased by 25% in the first four months of the fiscal 2020 period to $1.06 trillion. However, the Dow Jones Industrial Average and S&P 500 both hit record highs on Wednesday.

    ‘Bulls--- earnings’
    To make his point about excess, Munger cited the proliferation of EBITDA as a fake profit metric. “I don’t like when investment bankers talk about EBITDA, which I call bulls--- earnings,” he said.

    “It’s ridiculous,” Munger said, noting EBITDA — which is short for earnings before interest, taxes, depreciation and amortization — does not accurately reflect how much money a company makes, unlike traditional earnings. “Think of the basic intellectual dishonesty that comes when you start talking about adjusted EBITDA. You’re almost announcing you’re a flake.”

    VIDEO03:23
    Charlie Munger: If the government prints too much money, it ends up like Venezuela
    Uber shares jumped last week after saying it was moving up its “EBITDA profitability” target to the fourth quarter of this year.

    But that’s not all that’s bothering Munger. He also said the innovation boom he has experienced throughout his live could start to wane.

    “I do think that my generation had the best of all this technological change,” said Munger, 96, noting medicine has improved dramatically during his lifetime while inventions such as air conditioning have increased the standard of living. “I don’t think we’re going to get as much improvement in the future because we’ve gotten so much already.”

    Investors of all stripes look forward to Munger’s annual address since because of the wisdom he shares. Munger is also considered to be one of the best investors and business thinkers ever. Before joining Buffett at Berkshire, Munger ran an investment partnership that returned an average of 20% per year from 1962 to 1975. Meanwhile, the S&P 500 averaged an annual return of just 5% in that time.

    Subscribe to CNBC on YouTube.

    2 likes
  16. 545
    Posts

    It is very surreal. The biggest threat to world wealth in two decades, maybe more decades - the coronavirus (Wuhan War Virus), is being blown off and ignored by the markets when the damage to the world economy is more evident by the day. Even today NHK Japan managed to mention, during their hourly news broadcasts, which Japanese companies are suffering from the virus effects. As they do daily. Today it was Honda and Nissan most notably, and that would blowback on their un-named hundreds of Japanese suppliers that have been told to stop or slow.

    The world markets seemed to be lost in some twilight zone. A twilight zone where corporate investors are manipulating the market, thru clever distribution, as they reduce their holdings. And dumb retail investors increase their holdings/losses.

    2 likes
  17. 4.8k
    Posts

    Most important for China's GDP - construction steel sector where apparent demand has literally hit the bottom of the chart, down an unprecedented 88% Y/Y or as Goldman puts it, "construction steel demand is approaching zero."

    There is a high probability that China's GDP in Q1 will not only flatline, but crater deep in the red for one simple reason: there is no economic activity taking place whatsoever.
    https://www.zerohedge.com/economics/china-disintegrating-steel-demand-property-sales-traffic-all-approaching-zero

    1 like
  18. 71.5k
    Posts

    Trump administration eyes 10% middle-class tax cut proposal

    https://www.reuters.com/article/us-usa-tax/trump-administration-eyes-10-middle-class-tax-cut-proposal-idUSKBN208230

    *** One proposal the Trump administration is considering is creating tax incentives intended to encourage U.S. households to invest in the stock market, CNBC reported on Friday, citing four senior administration officials. ***

    if only this virus is a black swan ( and not a plague of them )

  19. 4.8k
    Posts

    Silver Watchdog
    @Silver_Watchdog
    S&P GLOBAL WARNS $40 OIL COULD LEAVE GULF CLOSE TO JUNK

    1 like
  20. 71.5k
    Posts

    what ??

    the Gulf of Mexico already DEEP in debt and thought to need $US a barrel to make a profit ( and address their debt obligations )

    sheer theatrics , but yes sub $40 ( US ) oil is possible , but just look EVERYWHERE for trouble

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