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…
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…
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…
The Marcus Today rules include never writing about religion, politics or the AFL but its unavoidable today. Rather than pass opinion here are some unbiased collected bullet points: Quick stock market points: Good for the stock market. The Liberals are pro-business. GDP forecasts will remain unchanged but if anything a lift in business confidence post-election…
THIS TIME IT IS DIFFERENT – By Henry Resources – the new formula: DEBT DOWN + COSTS DOWN + DIVIDENDS UP + NO ACQUISITIONS + SWEAT ASSETS + HIGH COMMODITY PRICES = HAPPY SHAREHOLDERS This time it is different – How many times have we heard that about markets or a commodity. It is usually…
Westpac had its results on Monday. Whenever a big company has results every significant fund manager will come into work the next day to find ten pieces of research (fifty in the USA), one from each of the big brokers, sitting on their desk selling ten different opinions about the result. Fund managers are like…
