There was a MACD sell signal on the ASX 200 this morning. We have discussed cashing up a bit in the portfolios this morning but decided that this is hardly a Collins Class moment (when Wall Street falls 3% in a night), it is simply a regular short-term loss of the recent very strong upside…
After I first wrote this article in 2009 and published it in The Age on Saturday, the stockbroker I worked for at the time insisted that I include a disclaimer at the bottom of all my articles from then on saying “The opinions in this article are those of Marcus Padley and do not represent…
INEFFICIENT MARKET HYPOTHESIS You may have heard of ‘EMH’, the ‘efficient market hypothesis’. Anyone who’s read the introduction to any text book on financial theory can tell you all about it. EMH basically says that you can’t beat average returns because the markets are at all times “informationally efficient”, that is to say all prices…
Looking out of our hotel room window in a small town in Portugal I noticed an oversized parking meter with a car connected by cable. It wasn’t a parking meter it was an electric car recharging point. It made me reflect on the number of electric cars we see in Europe and on the dominance…
HOW TO PLAY THE HOUSING MARKET BOTTOM The CBA has had the highest level of home loan applications in the last week and has for the last six months. This is a Corelogic chart showing the 'election effect' on clearance rates. This is Citi's forecast for house prices…they concur with a host of other commentators…
THE FLYING FERRET I used to own a greyhound. Well, a bunch of us did actually. It was a yuppie post-university indulgence organized by one of the West End wide boys I worked with in my early stockbroking days. He had picked out an Ad in the Greyhound Star for a ‘Sales Trial’ at the…
I have been writing the Marcus Today newsletter for over twenty years and read something called “Farrell’s Rules” over thirty years ago. There is an article about ‘Farrell’s Ten Rules’ below which you might find interesting, but as I read them, I realise they are a bit old, and I’m sure we can do better.…
The shock election result at the weekend is very good news for the bank sector. The sector has already reacted with a sharp rise in all the big four banks, as well as Macquarie, BEN and BOQ. What we have to ask now is whether this is a sugar hit or a bottom in the…
Trant – def: (A rant on Trump) – Trant – verb, noun – verb: Trant; 3rd person present: Trants; past tense: Tranted; past participle: Tranted; gerund or present participle: Tranting. Speak or shout at length in an angry, impassioned way about Trump. "She was still Tranting on about the US President" – synonyms – hold…
