One of the many US newswire articles put out a list of 10 reasons why the Dow Jones fell 849 points (which is only 3%) from top to bottom in three days. Here they are with comments from us: Trump upended the US-China trade deal forecast with a single comment. We have to get used…
IDEA OF THE DAY WESTPAC BANK (WBC) Henry: ABC News Breakfast, 26th November To hear more from Marcus Today, sign-up for a FREE 14-day no obligations trial HERE. Events are moving fast this morning. I was on air on the ABC as the news broke that Brian Hartzer had resigned. Hardly a surprise given…
Back on October 25th Henry wrote up four travel stocks as an Idea of the Day At the time his order of preference was: #1 Webjet (WEB) #2 Helloworld (HLO) (mainly because of liquidity) #3 Flight Centre (FLT) and #4 Corporate Travel (CTD). Some water has flowed under the bridge since with a good gain…
Henry Jennings “To travel hopefully is a better thing than to arrive” TRAVEL STOCKS Who doesn’t like to travel? Having just got back from overseas I seem to travel a lot. Maybe I am odd in my travel habits, but I do not use any of the ASX listed companies for my needs. Not Flight Centre (FLT), not Webjet (WEB)…
Reserve Bank of Australia October 2019 Meeting We don’t have to wait for very long in October to know which way the RBA rate decision is going to go, with the first Tuesday also coinciding with the first day of the month. For the Australian equity markets, tomorrow’s RBA meeting is going to be the…
Following the attacks on the Saudi oil facility at the weekend, which caused the biggest supply disruption in 50 years, US oil futures marked the sharpest daily rise in more than a decade. Brent, the international benchmark, logged the sharpest gain on record. Oil ‘supply shocks’ have historically done significant damage to the global economy.…
We are into June, and it’s time for financial advisers and accountants to start talking to clients about tax loss selling in stocks, something that we should probably all think about in May rather than June, but whatever. It works like this. Assuming you pay Capital Gains Tax, many of you don’t, on June 30th…
Legal Advice will be done by computers with 100% accuracy instead of the human 70% accuracy. It’s already happening in the US with a company called IBM Watson. Don’t bother studying law. It will be for specialists only. Cancer will be diagnosed 4x more accurately by a nurse thanks to technology. At the moment the hospitals…
When my brother and I first got on the property market ladder in the early 1980’s we were relatively early into the debt boom philosophy, early to exploit the new global phenomenon, the ability and willingness to borrow money. It changed everything. Our parents stood aghast as we two fingered their frugal culture and bought…
