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Markets Live: Gold miners, Telstra up in down day

Date

Jens Meyer, Patrick Commins

The banks led the market lower after a familiar cocktail of weak Chinese economic data, reduced US Fed stimulus and concern about emerging markets knocked investors' confidence.

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  • So how did the "bargain hunters" go with their "buying opportunities" today?

    Commenter
    UFC
    Location
    Referee
    Date and time
    January 30, 2014, 5:08PM
    • "AMP stakes claim in a new China boom"

      LOL MP still thinks China is Australia's golden goose. Rubbish. 7% growth is anaemic for China. For more than half the population it means an extra $2/week.

      The resources boom is over for Australia. The construction phase employed people and kept whole towns going. The export phase means 70% of profits going overseas and bugger all jobs.

      Commenter
      Allan
      Location
      Prahran
      Date and time
      January 30, 2014, 5:08PM
      • "No, Chinese manufacturing didn’t contract last month. The base effect means a Chinese PMI a bit below 50 is consistent with industrial production growth of a strong 9 per cent or so."

        Nope, it contracted month on month.

        Below 50 means a contraction on the previous month.

        Commenter
        Allan
        Location
        Prahran
        Date and time
        January 30, 2014, 4:56PM
        • "A private report showed manufacturing may contract for the first time in six months, adding to risks for an economy that’s facing potential defaults on high-yield investment products and elevated borrowing costs." - Bloomberg

          "The HSBC Purchasing Managers' Index for Chinese manufacturers showed activity in January fell to 49.5 from 50.5 in December, HSBC Holdings PLC and data provider Markit said Thursday. A reading below 50 indicates a contraction from the previous month, while anything above that indicates an expansion." - Wall Street Journal

          Sorry Eds. I'll go with Bloomberg, Wall Street Journal and others on this rather than yourselves and Michael Pascoe.

          Commenter
          Gordon Akman
          Location
          Broadbeach
          Date and time
          January 30, 2014, 4:53PM
          • SPC Ardmona canned. The parent company Coke could fund it but they don't have the bottle.

            Commenter
            Allan
            Location
            Prahran
            Date and time
            January 30, 2014, 4:51PM
            • Of course coke will try on everything they can. Have you seen how hard they have been slutting the prices of soft drinks, energy drinks, and bottled water in Coles and Woolies in recent months/the last couple years.

              There's brutal competition in the market place currently and everyone is getting bled including the market leader. At the end of the day CCL controls the distribution networks and shelf space. When the brutal fighting on price settles with the carcasses of those who were killed, CCL's share price will start moving up nicely from $11/$12.

              Commenter
              CCL
              Location
              Investor
              Date and time
              January 30, 2014, 5:02PM
          • "Up to 3000 jobs in Victorian Goulburn Valley are at risk"

            "Analysts have thrown out a stern warning to holders of stocks in engineering and construction, saying 2014 is likely to be even tougher for the beleaguered segment than last year"

            Housing boom!

            Commenter
            Allan
            Location
            Prahran
            Date and time
            January 30, 2014, 4:33PM
            • Oh no the ABC is being mean to Phony Tony and the Tories. Somebody call the waaaaahmbulance.

              Commenter
              Allan
              Location
              Prahran
              Date and time
              January 30, 2014, 4:21PM
              • We will surely be soon hearing rhetoric about how the ABC needs to generate a profit.

                Commenter
                igroki
                Date and time
                January 30, 2014, 4:40PM
            • "Fortescue dives on forecast"

              I like it!

              Commenter
              Allan
              Location
              Prahran
              Date and time
              January 30, 2014, 4:15PM
              • "The investment bank singles out Monadelphous Group, Leighton Holdings, Transfield Services and UGL as potentially carrying the most risks."

                Careful reporting that guys. I notice LEI is back down to $15. You don't want to get your self sued by a certain reader who is long LEI do you? LOL

                Commenter
                30 day payment terms
                Location
                but not in the middle east
                Date and time
                January 30, 2014, 4:13PM
                • And it's official. Australia is now such a basket case that we don't even have the capacity to put fruit in a tin!

                  The government had a clear choice between jobs and free market ideology today and chose ideology.

                  AUSTRALIA IS LED BY RATS

                  Commenter
                  Fred
                  Date and time
                  January 30, 2014, 4:10PM
                  • I know my Coke shares would have done really well with 50m free tax money...

                    Commenter
                    Wwwish Lion
                    Location
                    Melbourne
                    Date and time
                    January 30, 2014, 4:37PM
                  • wages are too high because house prices and rents are too high because of poor fiscal policy.

                    Commenter
                    Richard
                    Location
                    Sydney
                    Date and time
                    January 30, 2014, 5:13PM
                • In a down day and an extraordinary general meeting Billabong got let off lightly. This is a long term play and investors are showing confidence in some sort of improvement in the underlying business

                  Commenter
                  Wwwish Lion
                  Location
                  Melbourne
                  Date and time
                  January 30, 2014, 3:59PM
                    • Wont be long until it drops below the 41c deeply discounted issue price.

                      Commenter
                      Allan
                      Location
                      Prahran
                      Date and time
                      January 30, 2014, 4:17PM
                    • I was expecting it to drop to that today....

                      Commenter
                      Wwwish Lion
                      Location
                      Melbourne
                      Date and time
                      January 30, 2014, 4:35PM
                  • I really dont think Chinas economy is as robust as people think it is. It produces mainly worthless crap that people don't need. Personally i think the day is coming very soon when people will start to realise they don't need all that crap and down goes China.

                    Commenter
                    Ryan
                    Date and time
                    January 30, 2014, 3:50PM
                    • oh dear - how is everyones super looking, lets hope we another 20% drop, wipe a few smiles off the greedy

                      Commenter
                      Cam
                      Location
                      Brunswick
                      Date and time
                      January 30, 2014, 3:27PM
                      • Healthsuper fund performance figures
                        1 yr 24.5%
                        3yrs 11.7% p.a
                        5yrs 11.7% p.a.
                        7 yrs 5.1% p.a
                        10yrs 8.5% p.a.
                        can't complain too much. good luck with your cash account at 2%

                        Commenter
                        C
                        Date and time
                        January 30, 2014, 5:21PM
                    • which one is Gordon?

                      http://www.thewolfofwallstreet.com/images/photos/img5.jpg

                      Commenter
                      The wolf of Prahran
                      Date and time
                      January 30, 2014, 3:23PM
                      • The one on the left is Gordon Goldstein, and the other is Gordon Wolfgang. Best friends indeed!

                        Commenter
                        Gordon Gekko
                        Location
                        Greg Coffey World
                        Date and time
                        January 30, 2014, 4:05PM
                    • Don't look now but Feb is just around the corner.
                      ASX set to jump t o new 4 month highs as CBA and TLS and BHP and WES delight punters with exceptional results.
                      Xmas will be 2 months late.

                      Commenter
                      The Pest
                      Location
                      Lowood QLD
                      Date and time
                      January 30, 2014, 3:23PM
                      • Treasury Wines performance matches the other famous TW of recent times - Treasurer Wayne!

                        Commenter
                        Surplus
                        Location
                        what's that mean
                        Date and time
                        January 30, 2014, 3:12PM
                        • Let's hope Treasurer JH doesn't follow in the footsteps of that other JH when he was Treasurer. Remember home loan rates between 17% to 20%+ with very high inflation and unemployment. The way the new Libs are reinstating a lot of the old Libs policies, for lack of any of their own, we are well on track to revisit history. Oh well, that's what you wanted now live with it.

                          Commenter
                          mitch of ACT
                          Date and time
                          January 30, 2014, 3:54PM
                      • TWE very tempted and I know the catching knives pun, their financials are not that bad!
                        What do you reckon guys?
                        I like their product and yes a hostile takeover is on the cards.
                        Too late I have convinced myself

                        Commenter
                        Pete the Pom
                        Location
                        Melbourne
                        Date and time
                        January 30, 2014, 3:10PM
                        • "Treasury Wine’s profit warning has triggered a share sell-off that leaves it vulnerable to predators"..... such as Fred!

                          Commenter
                          Fred
                          Date and time
                          January 30, 2014, 2:52PM
                          • Find some small change which had fallen down the back of the couch, huh?

                            Commenter
                            Dave
                            Location
                            Brisvegas
                            Date and time
                            January 30, 2014, 3:07PM
                          • Leaves it vulnerable to predators such as Fred when he gets paid.

                            Commenter
                            Fred
                            Date and time
                            January 30, 2014, 3:17PM
                          • You must be hoping that TWE's big fall doesn't follow the usual pattern, ie big fall on day 1 followed by another big fall on day 2 as those who couldn't sell on day 1 dump their shares.

                            Commenter
                            mitch of ACT
                            Date and time
                            January 30, 2014, 3:56PM
                          • @mitch excellent point. People need to understand many investors aren't full time investors and don't get news immediately etc. Many investors find out in the days after the initial news/trading session following the news. Usually better to wait a few days and see what price the selling/buying balance stabilizes.

                            Commenter
                            Gordon Akman
                            Location
                            Broadbeach
                            Date and time
                            January 30, 2014, 4:18PM
                        • You ok Tim?

                          Commenter
                          Puppet
                          Location
                          Master
                          Date and time
                          January 30, 2014, 2:51PM
                          • Tim's looking in the mirror and sees a stalker. Take some time out Tim. You'll hurt yourself. LOL

                            Commenter
                            Allan
                            Location
                            Prahran
                            Date and time
                            January 30, 2014, 3:03PM
                          • Bit nervous actually. Some angry loser keeps stalking me.

                            Commenter
                            Tim
                            Date and time
                            January 30, 2014, 3:06PM
                          • Nothing quite as pathetic as replying to your own post under a different name. Amusing though. Keep it up.

                            Commenter
                            Tim
                            Date and time
                            January 30, 2014, 3:21PM
                        • "...Qantas and Virgin Australia have embarked on the biggest mail-out of unsolicited debit cards in the country’s history"
                          Amateurs, amateurs...is it legal?
                          Hey Qantas, guess what? just guess...yeap, just bought a ticket to Europe via Dubai...on Emirates...LOL, suck on that!

                          Commenter
                          Max
                          Location
                          Sydney
                          Date and time
                          January 30, 2014, 2:47PM
                          • I'm sure some of those 16 year olds will find a way to rort the cards and use them to look at pay-per-view porn and what ever other use they know about that the issuers didn't think of. . Let's hope the airlines bear the cost of that themselves and don't try to pass the losses on to their banks.

                            Commenter
                            mitch of ACT
                            Date and time
                            January 30, 2014, 4:00PM
                        • Didn't see anything in the Orica Chairman or CEO presentation posted to the ASX for the price to buck the trend today. It was fairly optimistic on the future but that was just in tone, not in solid 'profit upgrade flagged.' Unless there was something said at the AGM? Still, everybody needs some green on a red day and Orica has treated me rather well recently. :)

                          Commenter
                          Dave
                          Location
                          Brisvegas
                          Date and time
                          January 30, 2014, 2:33PM
                          • FMG are a screaming buy at $10.

                            I'm a personal friend of Twiggy.

                            What conflict of interest?????

                            Commenter
                            Charlie
                            Location
                            Aitken
                            Date and time
                            January 30, 2014, 2:30PM
                            • Everything's a screaming buy for Charlie. Car salesman sell cars even if they are lemons, Brokers sell shares even if they are lemons.

                              Commenter
                              Grizzly Adams
                              Date and time
                              January 30, 2014, 2:47PM
                          • "Business conditions for China's manufacturers worsened in January as output and new order growth weakened, a private survey showed on Thursday, pointing to a weak start for the economy in 2014."

                            Which country and which sector in that country is Australia highly leveraged to?

                            Commenter
                            Allan
                            Location
                            Prahran
                            Date and time
                            January 30, 2014, 2:27PM
                            • Allan,
                              Which country has the highest foreign as a % of GDP USA ( 106% as of 21Oct 2013), Australia foreign debt is 95% as of 31 Dec 2012. What is China foreign debt 37.5% as of 31Dec 2013.
                              Capital "Escape" from Emerging markets to US market for "Safety" ? If Capital is looking safety, it should flow to Ireland where foreign debt is 1000%.
                              The Global market is totally manupulated by you know who.

                              Commenter
                              Joker
                              Date and time
                              January 30, 2014, 3:35PM
                          • I love how try hard big shot long only investors casually say "The market has run hard and will run harder, there will be a 10% correction and then on to new highs".

                            But then when we have even a 3% correction they absolutely $@#% their pants! LMFAO

                            Commenter
                            Platypus
                            Location
                            Markets Live Creek
                            Date and time
                            January 30, 2014, 2:16PM
                            • "in real terms - when house values are adjusted for inflation - the capital gains are far below their previous peaks, a study has found."

                              www.smh.com.au/business/the-economy/really-housing-isnt-a-great-investment-20131031-2wlh8.html#ixzz2rqcd3xqN

                              Oh dear capital losses and falling rents. Yikes!

                              Commenter
                              Allan
                              Location
                              Prahran
                              Date and time
                              January 30, 2014, 2:12PM
                              • I get a kick out of angry littlelandlords sneering "you're a renter". @ Allan.
                                I have got to witness one of Allan's sneerers. He seems to meet them all the time. I truly hope he is not talking about his parents.

                                Commenter
                                Mortgagee
                                Date and time
                                January 30, 2014, 2:45PM
                              • Whose parents? You're not making yourself clear.

                                Commenter
                                Allan
                                Location
                                Prahran
                                Date and time
                                January 30, 2014, 2:54PM
                              • lives at home with his parents..refuses to pay rent, whats wrong with that? bloke's loaded.

                                Commenter
                                GA
                                Date and time
                                January 30, 2014, 3:09PM
                            • Gold is very bullish.

                              Bought back at $1300 about a month ago and almost sold it yesterday on the dip, thinking it was falling further.. Glad I didn't.

                              Commenter
                              JohnBB
                              Date and time
                              January 30, 2014, 2:10PM
                              • Gold is heading for $US2000 and beyond just as soon as the short squeeze gains some more momentum, and guess which country is buying it and actively encourages all their citizens to invest in it at every opportunity

                                Commenter
                                goldie locks
                                Location
                                beijing
                                Date and time
                                January 30, 2014, 2:45PM
                              • That's right along with Australian houses, farms and businesses. We sold our gold at was it $600? Australia, dumbest country in the world.

                                Commenter
                                JohnBB
                                Date and time
                                January 30, 2014, 2:58PM
                              • to store in their one bed apartment blocks with polluted air outside, nice, hope you enjoy living in a communist country

                                Commenter
                                Genghis
                                Location
                                Lounge
                                Date and time
                                January 30, 2014, 3:18PM
                              • goldie locks - unfortunately for the Chinese citizens, most are living in poverty being forced from the country into the city and now with unemployment on the up, that's if you believe the communist governments figures of course.

                                Commenter
                                Mungo Man
                                Location
                                the Original Inhabitants
                                Date and time
                                January 30, 2014, 3:23PM
                            • Nikkei 225 down over 500 points (3.3%) again. Oh dear.

                              Commenter
                              Gordon Akman
                              Location
                              Broadbeach
                              Date and time
                              January 30, 2014, 2:09PM
                              • So much anger Tim. You're like Don Quixote - tilting at windmills. ROFLMAO!

                                Commenter
                                Allan
                                Location
                                Prahran
                                Date and time
                                January 30, 2014, 2:08PM
                                • Looks like I have a stalker. Creepy

                                  Commenter
                                  Tim
                                  Date and time
                                  January 30, 2014, 2:40PM
                              • Attention!

                                The twits at the IPA want the ABC privatised.

                                Nobody died of shock.

                                That is all.

                                Commenter
                                Allan
                                Location
                                Prahran
                                Date and time
                                January 30, 2014, 2:03PM
                                • Yikes!!
                                  I thought house prices were on the way down!
                                  http://theage.domain.com.au/real-estate-news/melbournes-property-prices-highest-ever-20140130-31nsg.html

                                  Commenter
                                  Pete
                                  Location
                                  Prahran
                                  Date and time
                                  January 30, 2014, 1:45PM
                                  • They are. -10% in real terms.

                                    Oh and so are rents.

                                    Commenter
                                    Allan
                                    Location
                                    Prahran
                                    Date and time
                                    January 30, 2014, 2:04PM
                                  • Not going down where I live! Deal in facts not fantasy like your trades

                                    Commenter
                                    Chris Judd
                                    Date and time
                                    January 30, 2014, 2:22PM
                                  • Real Estate prices only matters to those that are actively in the market. I myself am not, don't give the slightest damn what happens to prices, values, rents etc...they can go up, can collapse, the whole lot can be completely taken by China, I don't give a sneeze...

                                    Commenter
                                    Who cares about real estate
                                    Location
                                    Sydney
                                    Date and time
                                    January 30, 2014, 2:24PM
                                  • Well said Juddy. Not really sure who he thinks he is kidding.

                                    Commenter
                                    Tim
                                    Date and time
                                    January 30, 2014, 2:49PM
                                  • The ABS says no.

                                    Commenter
                                    Allan
                                    Location
                                    Prahran
                                    Date and time
                                    January 30, 2014, 3:36PM
                                  • I heard this morning that Melbourne house prices are currently back to 2010 levels. Then you need to factor in the last few years of inflation since 2010.

                                    Commenter
                                    GS
                                    Date and time
                                    January 30, 2014, 3:52PM
                                • FMG is a stock that keeps on giving!! If you are short that is!

                                  Commenter
                                  jezza
                                  Location
                                  Newtown
                                  Date and time
                                  January 30, 2014, 1:38PM
                                  • Sure is Jezza... "you beauty" Been there and seen it.

                                    Commenter
                                    Gordon Gekko
                                    Location
                                    Greg Coffey World
                                    Date and time
                                    January 30, 2014, 2:31PM
                                • Interesting article on the main site about some couple who have 'made' $100K on an $832K house in 18 months.

                                  Interesting because if you subtract stamp duty and 18 months of mortgage (say they put down a 25% deposit at 5%) then they are closer to a $13K 'profit' .... and that doesn't even consider CPI at 2.5% over that time.

                                  Keep on pumpin!!

                                  Commenter
                                  jezza
                                  Location
                                  Newtown
                                  Date and time
                                  January 30, 2014, 1:37PM
                                  • "couple who have 'made' $100K on an $832K house in 18 months"............I think it's a typo.........Should read "bank and government made".....

                                    Commenter
                                    JohnBB
                                    Date and time
                                    January 30, 2014, 2:36PM
                                  • Bank, governments and Real estate agents!!!!

                                    Commenter
                                    multi
                                    Location
                                    narrabeen
                                    Date and time
                                    January 30, 2014, 2:54PM
                                • So does this mean FMG is now a "buying opportunity" for "bargain hunters"?

                                  Commenter
                                  Rich
                                  Location
                                  Investor
                                  Date and time
                                  January 30, 2014, 1:11PM
                                  • Rich Investor, your writing style is very similar to someone who regularly writes on here is clearly not rich.

                                    Commenter
                                    Tim
                                    Date and time
                                    January 30, 2014, 1:38PM
                                  • Does anyone have a list of the troll aliases on this BB? I start taking a comment vaguely seriously and then realise it's just someone having a childish laugh and that I'm wasting my time. EDs - can we have 'ignore' functionality?

                                    Commenter
                                    Yin or yang
                                    Date and time
                                    January 30, 2014, 2:00PM
                                  • No need for me to have to move to WA... Enjoy!

                                    Commenter
                                    Rich
                                    Location
                                    Investor
                                    Date and time
                                    January 30, 2014, 2:04PM
                                  • Move? You're too busy living off the public teet living with your parents.

                                    Commenter
                                    Tim
                                    Date and time
                                    January 30, 2014, 2:38PM
                                • The Chinese middle class are all going to buy fridges one day and guess what fridges are made out of?

                                  Commenter
                                  Twiggy
                                  Date and time
                                  January 30, 2014, 1:09PM
                                  • Plastic mostly.

                                    Commenter
                                    Allan
                                    Location
                                    Prahran
                                    Date and time
                                    January 30, 2014, 1:15PM
                                  • re cycled ships out of India??

                                    Commenter
                                    stu
                                    Date and time
                                    January 30, 2014, 1:24PM
                                  • aluminium?

                                    Commenter
                                    mushroom
                                    Date and time
                                    January 30, 2014, 1:24PM
                                  • Gina's iron ore and not yours?

                                    Commenter
                                    Bye Bye Fiat Money
                                    Date and time
                                    January 30, 2014, 1:27PM
                                  • Oh.. um.. 127 is close enough to 133 or no?

                                    Commenter
                                    Twiggy
                                    Date and time
                                    January 30, 2014, 1:28PM
                                  • Materials not sourced from Australia because Julie Bishop gave the "death stare" to the Chinese ambassador over the disputed islands. Australia should not be taking sides in these disputes. Instead we should be trying to moderate the dispute between the nations involved. The economic and strategic consequences would be severe if the dispute escalated to the "hot" stage.

                                    Commenter
                                    mitch of ACT
                                    Date and time
                                    January 30, 2014, 1:28PM
                                  • recycled metal. or iron ore from mongolia and china Id guess. china hasnt forgotten getting pooch screwed by australia.

                                    Commenter
                                    smilingjack
                                    Date and time
                                    January 30, 2014, 1:29PM
                                  • plastic.

                                    Commenter
                                    J.
                                    Location
                                    Syd.
                                    Date and time
                                    January 30, 2014, 1:30PM
                                  • They do have copper wires in the electric motor....thus making DML look good at 0.04 cents :)

                                    Commenter
                                    Happy Hippy
                                    Date and time
                                    January 30, 2014, 1:35PM
                                  • Fortesque share certs?

                                    Commenter
                                    BearShapedBull
                                    Location
                                    MugPunters Lounge
                                    Date and time
                                    January 30, 2014, 1:44PM
                                  • Ink from 3d printers?

                                    Commenter
                                    Wwwish Lion
                                    Location
                                    Melbourne
                                    Date and time
                                    January 30, 2014, 1:46PM
                                  • Oh well, at least the Chinese can afford a new fridge, unlike Australians.....

                                    Commenter
                                    Credit Card Purchaser
                                    Location
                                    Sydney
                                    Date and time
                                    January 30, 2014, 2:03PM
                                • Dear Eds, remember when you guys used to quote and reference Charlie Aitken quite regularly? Also, some trolls who's comments you post here started using his name as a pseudonym etc. How have his recent recommendations gone? Did he recommend buying USDs when the AUD was US$1.03? Did he forecast the ASX 200 to be 5100 in January 2014?

                                  Commenter
                                  Gordon Akman
                                  Location
                                  Broadbeach
                                  Date and time
                                  January 30, 2014, 12:59PM
                                  • Ahhh Charlie.. FMG conviction buy at $6.00 ..because he knows the management..what could possibly go wrong Aitken

                                    Commenter
                                    Lean too
                                    Date and time
                                    January 30, 2014, 1:26PM
                                • Bios punting scan reveals the race for Alzheimers cures...BNO boost from having a presentation on theirs up 5% today,PBT keeps going north with the US roadshow another 4% today making around 25% for the week....first to market will win,others well....who were they again?

                                  Commenter
                                  BearShapedBull
                                  Location
                                  MugPunters Lounge
                                  Date and time
                                  January 30, 2014, 12:58PM
                                  • What a beautful day, China plunges into the eternal abyss of the SECOND GREAT DEPRESSION!!!

                                    As i said all week, ULTRA MEGA über SHORT SHORT SHORT as the S&P collapses into the Oct 1987-style CRASH!!!

                                    100k per hour is never easier, $$$$$$$

                                    Commenter
                                    Assad1
                                    Date and time
                                    January 30, 2014, 12:57PM
                                      • I'm getting deja vu. Is it the holy sandal or the holy gourd?

                                        Commenter
                                        Yin or yang
                                        Date and time
                                        January 30, 2014, 1:47PM
                                    • A thoroughly fascinating article about the growth of income inequality and economic history and future trends.

                                      http://www.nytimes.com/2014/01/29/opinion/capitalism-vs-democracy.html?action=click&contentCollection=Science&module=MostEmailed&version=Full&region=Marginalia&src=me&pgtype=article

                                      Commenter
                                      Dave
                                      Location
                                      Brisvegas
                                      Date and time
                                      January 30, 2014, 12:47PM
                                      • You ok Bear trap?

                                        Commenter
                                        Bull trap
                                        Date and time
                                        January 30, 2014, 12:40PM
                                        • I'm the real wolf of Prahran.
                                          enjoy!

                                          Commenter
                                          Allan
                                          Location
                                          Prahran
                                          Date and time
                                          January 30, 2014, 1:17PM
                                      • "China’s growth rate is still the envy of most of the world. Half a billion people have moved from poverty to the middle class.”"

                                        China's middle class is less than 250M and their average annual income is less than $10K.

                                        85% of Chinese do not have a middle class lifestyle characterised by a good job, a house or flat and a car. And when they do the pollution will be so bad nobody will be happy.

                                        Commenter
                                        Allan
                                        Location
                                        Prahran
                                        Date and time
                                        January 30, 2014, 12:36PM
                                        • Yes, Packer wishes to inform us of the great Chinese growth. What he fails to inform us is that he like his father had nothing to do & still has nothing to do with China's growth; it's all to the great economic planning of the Chinese Gov't, their economists, their dedicated work, the great Chinese education system etc. Packer like his father wants a piece of the pie they didn't contributed to; like hyenas they want to devour this new "middle class" of their money through his shameless casinos and the like. Packer you fail to impress me, your father attracted much more respect, you on the other hand...hyena! Get out and leave these people to build their lives, put your father's money to better use, much needed industries...how about SPC?

                                          Commenter
                                          Judge
                                          Location
                                          Sydney
                                          Date and time
                                          January 30, 2014, 1:16PM
                                        • exactly. it doesnt matter how much money you have in china - you all have to breath the same air. ditto most large cities in the USA and rest of the developed world. Except in the wst ( ewspecially USA there is also a good chance you will get shot )
                                          The rich will discover places like the GM free Adelaide Hills ( actually all of SA is GM free - cant even drive or fly GM products through or over it ) and mid north coast of nsw and wet their collective pants.
                                          what you have no pollution and clean drinking water???? and an abundance of trees!! there is more to life than stainless steel appliances 2 dogs 4 apple products and a killer mortgage that encompasses a euro car depreciating faster than a share portfolio this year.

                                          Commenter
                                          smilingjack
                                          Date and time
                                          January 30, 2014, 1:35PM
                                        • Yes agreed. And what will happen when those 85% realise they have been dudded by the top 15% ? Wait for the next Chinese Revolution. It will be bloody.

                                          Commenter
                                          Red Rooster
                                          Location
                                          In the Garden
                                          Date and time
                                          January 30, 2014, 1:37PM
                                      • Then I snort them. The burning sensation is pure agony, but the clarity is worth it. ;)

                                        Commenter
                                        Dave
                                        Location
                                        Brisvegas
                                        Date and time
                                        January 30, 2014, 12:25PM
                                        • LOL what a bunch of sooky la las. You had plenty of warnings.

                                          Commenter
                                          Allan
                                          Location
                                          Prahran
                                          Date and time
                                          January 30, 2014, 12:24PM
                                          • They are "sooky" because they are paying interest on their losses

                                            Commenter
                                            linux
                                            Date and time
                                            January 30, 2014, 1:29PM
                                        • If the government listens to the free market extremists in the Liberal Party like Andrew Robb and Matias Cormann and lets SPC - the only cannery left in Australia - disappear, they are nothing but economic terrorists. I would go so far as to call them traitors to the nation.

                                          Food bowl of Asia my a@#e!!!
                                          More like begging bowl!!!

                                          Commenter
                                          Fred
                                          Date and time
                                          January 30, 2014, 12:16PM
                                          • It's too late Fred. All politicians for the past thirty years are major economic terrorists.

                                            When the revolution comes we'll confiscate their wealth for what they have done to our kids. The media bosses too. Particularly the ABC. They all knew where this would go and here we are. There are gong to be some very big decisions to make as a nation soon. All far too late of course. Australia's going bankrupt, in contrast all Norwegians are rich. Why quibble about little SPC?.... 85% of everything is gone.

                                            Commenter
                                            JohnBB
                                            Date and time
                                            January 30, 2014, 12:27PM
                                          • we are screwed too expensive on every metric.
                                            Govt. is screwed too

                                            Commenter
                                            mushy
                                            Date and time
                                            January 30, 2014, 12:40PM
                                          • I hate to say it but I think SPC is doomed. After all, they don't make chocolate and John Howards brother isn't involved with them. Just another opportunity for the Abbott gov't to show how inept they really are.

                                            Commenter
                                            mitch of ACT
                                            Date and time
                                            January 30, 2014, 12:55PM
                                          • @JohnBB how do you define rich? I do not consider 180k held by the gov rich

                                            Commenter
                                            Wwwish Lion
                                            Location
                                            Melbourne
                                            Date and time
                                            January 30, 2014, 1:11PM
                                          • @Wwwish Lion.."I do not consider 180k held by the gov rich"........I do. That's every man, woman and child. 180k....In contrast, every man, woman and child in Australia owes 23k, plus we have the highest household debt in the world, and have pretty much sold everything. We will soon be working for GLOBALIZED WAGES.

                                            Oh, everyone thought we just get the cream of globalisation did they? Yeah, at first definitely, but then BAM. Australia will be unrecognisable in thirty years. I'm glad I'll be either not here or senile.

                                            Commenter
                                            JohnBB
                                            Date and time
                                            January 30, 2014, 1:56PM
                                          • Come on now mitch. Gillard and Rudd oversaw huge asset sales and population growth. Now Big Australia Shorten wants more of the same. At least LNP, while their intentions are evil, but they're smart enough to know what they're doing. Labor are simply clueless.

                                            Commenter
                                            JohnBB
                                            Date and time
                                            January 30, 2014, 2:06PM
                                          • Well some australians are worth more than 180k even after the 23k debt of the gov. and its our own money not some gov held thing...

                                            Commenter
                                            Wwwish Lion
                                            Location
                                            Melbourne
                                            Date and time
                                            January 30, 2014, 2:08PM
                                          • @JohnBB, enlighten me, What gov't assets did Gillard & Rudd sell. I don't think that here were any notable sales during their period of office, unlike their predecessors who sold & sold and set the model for this new lot who have a list of gov't owned assets to sell including Medibank Private & Australia Post Of course they will load them up with $Billions of debt first. Buyer beware.

                                            Commenter
                                            mitch of ACT
                                            Date and time
                                            January 30, 2014, 2:30PM
                                          • @mitch...Off the top of my head, they oversaw the sale of Cubby, and who knows how many others (no records huh?), they opened up foreign ownership of residential property. Labor are a disaster that should never ever ever ever be allowed to govern anything (fed, state, council) ever ever ever again.

                                            Here's Gillard lying about a big Australia....

                                            ..."Not a big Australia, but a sustainable Australia".....

                                            http://www.youtube.com/watch?v=pyR2pu_pY_I

                                            Commenter
                                            JohnBB
                                            Date and time
                                            January 30, 2014, 2:41PM
                                          • @ Wwwish Lion......"Well some australians are worth more than 180k even after the 23k debt of the gov. and its our own money not some gov held thing".....Sure they are, you and me included, majority are either broke, unemployed, unemployable or hocked to the eyeballs... When the country goes broke our money won't be worth much. How would we buy extravagance when the dollar drops to $0.40?

                                            Commenter
                                            JohnBB
                                            Date and time
                                            January 30, 2014, 2:46PM
                                          • JohnBB...but everyone here says they put their AUD to USD at 1.03...haha

                                            Commenter
                                            Wwwish Lion
                                            Location
                                            Melbourne
                                            Date and time
                                            January 30, 2014, 2:50PM
                                          • @Mitch this article from 2011 might give an idea: http://www.abc.net.au/news/specials/selling-the-farm-part-1/

                                            Most of the privatising under Labor was Labor state governments, especially the Bligh government. But in terms of allowing land grabs (sorry, 'investment') Rudd and Gillard were up there with the best of them. Does the takeover of Cubbie Station, the largest irrigated farm in the southern hemisphere, ring any bells?

                                            Commenter
                                            Fred
                                            Date and time
                                            January 30, 2014, 2:51PM
                                          • @Wwwish Lion...$1.03..That's funny. There are some big claims on here. I actually did. Even higher. I've also bought silver and gold. Don't worry, I make big mistakes like everyone else too, but am certain of one thing. Australia will go bankrupt and the signs won't really show until it's all over. How can anyone possibly think selling everything along with massive debt and highest wages in the world is all going to end well? Competing with people that earn $2 an hour should be ringing alarm bells. Why are we populating? To give big business more capita AND to put downward pressure on wages. All for the good of big business at the massive expense to Australia.

                                            Commenter
                                            JohnBB
                                            Date and time
                                            January 30, 2014, 3:21PM
                                          • I asked what gov't assets did Gillard & Rudd sell. Cubby was not a gov't asset. Don't use an irrelevant example. Commercial transactions like Cubby happen all of the time. At the time of the Graincorp application Joe Hockey said he had approved 80+ applications for takeovers from foreign companies. Also the sale of residential land to foreigners was not a product of the Federal gov't. I didn't see the previous Liberal gov't doing anything to stop sales of residential properties to foreigners and I haven't heard a whisper of such a proposal from the new one. Your Liberal bias really shows through in trying to attribute everything you don't agree with to Labor even though govt's of both colours tolerate it. You are in for a big disappointment from this new lot as what was allowed to happen in the past will be allowed to continue.

                                            Commenter
                                            mitch of ACT
                                            Date and time
                                            January 30, 2014, 3:33PM
                                          • @mitch...I initially said Australian assets. You're the one that wanted to make it a partisan issue and introduced "government assets".

                                            Mitch, I hate them all as opposed to you and your allegiance to probably the worst government in our history. None of them are looking after Australia. That is my point. You might note I said ....."All politicians for the past thirty years are major economic terrorists"...... All of them mitch. That includes Labor, LNP, Greens, Democrats and whatever other party or politician hasn't screamed ...."this is a path to disaster".....Well disaster is now pretty much here and it's time you laid blame where it belongs and stop your allegiance to these pseudo economists the Labor party. They have no clue what they are doing stating with Keating and his tariffs and floating the dollar. Gillard, Rudd and their socialist ways will see Labor never govern again.

                                            Commenter
                                            JohnBB
                                            Date and time
                                            January 30, 2014, 4:01PM
                                          • @JohnBB, yes some very big calls are made here. Like yourself I dont get them all going in my favour either, but im happy enough with the overall performance.
                                            Perhaps tomorrow we should all disclose (not in dollar terms) our biggest punts that didnt pay off for us, or that we are hoping to still see turn around...im sure there are a few egos here that could not man (or woman) up and admit it....

                                            Commenter
                                            Wwwish Lion
                                            Location
                                            Melbourne
                                            Date and time
                                            January 30, 2014, 4:26PM
                                          • BREAKING NEWS The Gov't has just announced that it will NOT provide funding assistance to SPC Ardmona. Exit 2000 jobs.
                                            When Tony Abbott said the goal of his gov't was 1 million jobs did he mean to create that many jobs or get rid of them.

                                            Commenter
                                            mitch of ACT
                                            Date and time
                                            January 30, 2014, 4:33PM
                                        • Pfffff, look at all these positive forecasters, hanging on to their promising outlook's like some kind of rookie property investor. Good luck with your bankruptcy applications.

                                          Commenter
                                          Pfffff
                                          Date and time
                                          January 30, 2014, 12:13PM
                                            • Yep. I'm having a good sniff around TWE. Some big game are really struggling on this prairie. They best be careful else they will get eaten alive.

                                              Commenter
                                              Hyena
                                              Date and time
                                              January 30, 2014, 12:23PM
                                            • If Malthus had been correct in his forecast a few hundred years ago ie the world then would not be able to feed itself for long, we would not all be here now. all 6.7B of us. Seriously don't you know what ag scientists do every day ,and there are a few hundred thousand of them?

                                              Commenter
                                              bigkev
                                              Location
                                              Caringbah NSW
                                              Date and time
                                              January 30, 2014, 1:15PM
                                          • So is this the trading scenario for the next few days. Tonight the DOW will probably recover 100 points or so following last night's overreaction. That will be a gift to our local Fund Managers who won't have to try so hard to get our market to rise so that the value of their FUM on the last day of the month goes up so that they can charge their clients higher value-based fees. Then Monday our market more often than not falls so that Friday's gains will be wiped out. Late Monday looks like a good time to buy.

                                            Commenter
                                            mitch of ACT
                                            Date and time
                                            January 30, 2014, 12:08PM
                                            • Stop smoking weed, there is no good time to buy with the AllOrds going to 3000 in 2014.
                                              GUARANTEED!!

                                              Commenter
                                              Assad1
                                              Date and time
                                              January 30, 2014, 12:59PM
                                            • I wouldn't be so sure -- lots of negativity about. Mind you -- I got short the FTSE and S&P at great levels but have been closed out because i was anticipating a bottom bounce that has failed to materialise.

                                              And let's face it -- the markets have not been driven by fundamentals but by Fed money printing -- which they are continuing to scale back.

                                              Commenter
                                              jezza
                                              Date and time
                                              January 30, 2014, 1:12PM
                                          • mmm.. so many bargains..

                                            Commenter
                                            derelict
                                            Location
                                            bin rummager
                                            Date and time
                                            January 30, 2014, 12:02PM
                                            • going long on TWE @ $3.76...

                                              Commenter
                                              worried33
                                              Date and time
                                              January 30, 2014, 11:59AM
                                              • Wwwishing well.. kiss and tell.. Guff @#$%ing aw!

                                                Commenter
                                                Prince
                                                Date and time
                                                January 30, 2014, 12:27PM
                                              • worried by name worried by nature? You better pepper thine angus...

                                                Commenter
                                                Chef
                                                Date and time
                                                January 30, 2014, 12:53PM
                                              • Nope not me.... I'll let you know when I but something

                                                Commenter
                                                Wwwish Lion
                                                Location
                                                Melbourne
                                                Date and time
                                                January 30, 2014, 2:29PM
                                            • You'll know when things are starting to look grim when Bell Potter start taking their conviction buys off everything.

                                              Commenter
                                              Grizzly Adams
                                              Date and time
                                              January 30, 2014, 11:55AM
                                              • MLB tanking bigtime, and the dist of capital return date isnt till 5th feb [54c ps],down 27% wtf ....dumped..... is it worth buying in to grab the $$$ hhmmmm.

                                                Commenter
                                                BearShapedBull
                                                Location
                                                MugPunters Lounge
                                                Date and time
                                                January 30, 2014, 11:43AM
                                                • @BSB MLB went XC today, hence the fall.

                                                  Commenter
                                                  mitch of ACT
                                                  Date and time
                                                  January 30, 2014, 11:53AM
                                                • sorry ex divd date today???....doh Yet their 28th Jan General meeting Presentation states....
                                                  The reduction of capital will be effected by the Company paying to each registered holder of fully paid ordinary shares in the Company as at 5 February 2014, the sum of $0.54 per ordinary share. EDS am i wrong there.

                                                  Commenter
                                                  BearShapedBull
                                                  Location
                                                  MugPunters Lounge
                                                  Date and time
                                                  January 30, 2014, 11:57AM
                                                • excap return 2day??

                                                  Commenter
                                                  mushy
                                                  Date and time
                                                  January 30, 2014, 12:03PM
                                                • Anyone who buys services or registers domain names thru Melbourne IT has rocks in their head.

                                                  Prices are 50% lower elsewhere.

                                                  Commenter
                                                  Allan
                                                  Location
                                                  Prahran
                                                  Date and time
                                                  January 30, 2014, 12:04PM
                                                • GoDaddy!

                                                  Commenter
                                                  Yeah Boy
                                                  Date and time
                                                  January 30, 2014, 12:14PM
                                                • GoDaddy = NO! http://arstechnica.com/security/2014/01/how-i-lost-my-50000-twitter-username/

                                                  Commenter
                                                  Tex
                                                  Location
                                                  Lancelin
                                                  Date and time
                                                  January 30, 2014, 2:26PM
                                                • Melbourne IT no way!

                                                  http://www.ripoffreport.com/r/Melbourne-IT/internet/Melbourne-IT-Domain-Registrar-Melbourne-Victoria-Internet-760478

                                                  Commenter
                                                  Allan
                                                  Location
                                                  Prahran
                                                  Date and time
                                                  January 30, 2014, 2:44PM
                                              • @11:40am
                                                I wonder what Glenn's macro-prudential tools and/or rate rises will do to Morgan's and other's (rubbish) predictions of 5500-6000 ASX....

                                                I'll pass, thanks all the same. 4500 ASX by mid-year (or earlier).

                                                Commenter
                                                Bye Bye Fiat Money
                                                Date and time
                                                January 30, 2014, 11:43AM
                                                • Why are people so unkind?

                                                  Commenter
                                                  Kamahl
                                                  Date and time
                                                  January 30, 2014, 11:38AM
                                                  • Because they went long only the ASX in 2006 and have had several dead end jobs in cubicle farms since. Jealousy and anger. Very sad (but kind of funny if you think about it).

                                                    Commenter
                                                    Mr Nice Guy
                                                    Date and time
                                                    January 30, 2014, 11:53AM
                                                  • They suffer from a sub-conscious feeling of insecurity and inadequacy,hence the need to denigrate others.

                                                    Commenter
                                                    Chumlee
                                                    Date and time
                                                    January 30, 2014, 11:55AM
                                                • I knew this blog would be great today. The nasty vitriol you see from people under pseudonyms when the market doesn't agree with their investments and points of view is quite remarkable (and funny if you think about it).

                                                  Commenter
                                                  Gordon Akman
                                                  Location
                                                  Broadbeach
                                                  Date and time
                                                  January 30, 2014, 11:31AM
                                                  • Hey boys....this s the share market...if it was easy you would not be playing,you would be on your yacht......if you don't like it sugget you try something else?

                                                    Commenter
                                                    BigKev
                                                    Location
                                                    Caringbah NSW
                                                    Date and time
                                                    January 30, 2014, 11:41AM
                                                  • Thanks for your insight Allan.

                                                    Commenter
                                                    Tim
                                                    Date and time
                                                    January 30, 2014, 11:41AM
                                                  • wake the wolf up....please

                                                    Commenter
                                                    no banks .. no party!
                                                    Location
                                                    @sookyville
                                                    Date and time
                                                    January 30, 2014, 11:45AM
                                                • These market gyrations demonstrate the failures of unrestrained capitalism. In particular the movement of massive financial flows by hedge funds as has just happened in Argentina. We have a Government which sings from the free trade hymn book while this country gets shafted by the big players. When things get cheap enough they'll come back and buy up big.

                                                  Commenter
                                                  Davo from the Bush
                                                  Date and time
                                                  January 30, 2014, 11:25AM
                                                  • Hey Davo bro, why aren't you doing the same? Sell now, then buy back big when it's cheap (if that is your angle)?

                                                    Jeeeze, I hate capitalism. Bring back communism.

                                                    Commenter
                                                    Bye Bye Fiat Money
                                                    Date and time
                                                    January 30, 2014, 11:31AM
                                                  • I agree. These market gyrations are simply designed to make unnecessary increased money for big investors and hedge funds. Not necessary when a company can be valued quite simply and a value determined based up PE, earnings, assets, and then moderated regularly. Massive volatility stresses economies, people, investors, SMSF, governments, companies, and more.
                                                    Value companies based upon facts and not valuation by market speculators.
                                                    Simple and peaceful.
                                                    Change the share market workings!

                                                    Commenter
                                                    IT's All About Making Money
                                                    Location
                                                    Lennox Hd
                                                    Date and time
                                                    January 30, 2014, 11:56AM
                                                • wot sort of English is this?
                                                  Jens Meyer, Patrick Commins
                                                  Falls in BHP and the banks are weighing heaviest on local shares, after the US Federal Reserve cut its stimulus further and amid continuing worries in emerging markets.

                                                  Commenter
                                                  stu
                                                  Date and time
                                                  January 30, 2014, 11:22AM
                                                  • Buy Aussie dollars and sell US up until next Friday (the next US debt deadline) and then reverse process.
                                                    Stocks are too volatile at present, may as well buy a lottery ticket.

                                                    Commenter
                                                    Snidery Mark
                                                    Date and time
                                                    January 30, 2014, 11:17AM
                                                    • I was looking at my tea-leaves last night (aka 'technical indicators') and didn't like the patterns which I was seeing. Markets were at bottom of 50 day Bollinger Band range (1.5 standard deviations), MACD and Stochastics trending down and hitting signal line then falling back. Combined with the big unknowns - China Banking, effects of tapering on financial markets (tapering really bolstered financial markets, not the real economy, so unwinding tapering unwinds a lot of financial trades and strategies, which can cause upheaval in the markets), fundamental weakness in major economies including Australia. Plus with technology driving massive efficiencies I'm wondering about the long tern sustainability of wages and employment. Turkey's massive interest rate rise - +1 for decisiveness, but doesn't solve fundamental problems such as political instability (and if it crimps the local economy, may add to it), corruption and weakness in major trading partners especially Ukraine. And more locally, rising unemployment, disenchanted youth, many of whom were sold the 'go to uni, get a good job' line only to discover there aren't enough and they ain't so good or well paying and priced out of the housing market...with a bucket load of HECS debt and rising taxes to pay for their parents retirements and benefits. Wonder if TWE is going to have a sell out of their wine? I could do with a drink. :D Good day to all!

                                                      Commenter
                                                      Dave
                                                      Location
                                                      Brisvegas
                                                      Date and time
                                                      January 30, 2014, 11:13AM
                                                      • You got all that info from your Tea Leaves? Wow, I'm changing my earl grey...

                                                        Commenter
                                                        Duped
                                                        Location
                                                        Sydney
                                                        Date and time
                                                        January 30, 2014, 11:55AM
                                                      • I soak my tea leaves in Absinth first.

                                                        Commenter
                                                        Dave
                                                        Location
                                                        Brisvegas
                                                        Date and time
                                                        January 30, 2014, 12:15PM
                                                    • Markets and the people who use them are all off balance.
                                                      When the Fed reduced /tapered the first 10 billion the markets moved in a northerly direction. So what happened when the market that was generally expecting the tapering to continue got its hopes realised ?????
                                                      This reaction reminds me of a school of sardines being chased by a shark.

                                                      Commenter
                                                      The Pest
                                                      Location
                                                      Lowood Qld
                                                      Date and time
                                                      January 30, 2014, 11:05AM
                                                      • Who said there was a correlation between taping back money-printing and stock prices? You assumed that.....

                                                        Commenter
                                                        Bye Bye Fiat Money
                                                        Date and time
                                                        January 30, 2014, 11:33AM
                                                      • It simply reveal the vast complexity of the market...multiple variables (exogenous & endogenous) playing havoc with everyone's economic model interpretations....

                                                        Commenter
                                                        Market Guru
                                                        Location
                                                        Sydney
                                                        Date and time
                                                        January 30, 2014, 12:01PM
                                                      • Bye Bye I thought you had some cred>.
                                                        Even as you read the headline to this article even you can see that the journos who spend endless hours dreaming up eye catching one liners have decided that the tapering must have caused the decline in the world markets. The point I am making is this,that when the first event occurred the world markets jumped up like a cat on a hot tin roof and today the same tapering happened and the complete opposite reaction.
                                                        Here is a question for the learned readers of this blog.
                                                        When I say something then repeat it ONCE I am said to have iterated it.If I say it more than ONCE then you might say that it has been reiterated .Mais non?

                                                        Commenter
                                                        The Pest again
                                                        Date and time
                                                        January 30, 2014, 12:16PM
                                                      • Pest, go read "Thinking Fast and Slow" by Daniel Kanheman. In the book he talks about how people find correlation and causation where there is none, especially when they see issues reported by the media and are (essentially, via suggestion and or weak logic) told that "x" caused "y".

                                                        The key too tapering causing stocks to sell off are bonds, bonds are in rally mode.....
                                                        Wait for bond yields to move up more (and or in the short-term [6-12 months] RALLY LOTS), then stocks will start cratering a lot more. My take is bonds (US) will rally more, before resuming bear mode.

                                                        Commenter
                                                        Bye Bye Fiat Money
                                                        Date and time
                                                        January 30, 2014, 12:32PM
                                                    • wolf of praaahraaaaan around?

                                                      Commenter
                                                      gai sailor
                                                      Date and time
                                                      January 30, 2014, 11:05AM
                                                      • Hi I'll have a burger with fries and a cola please.

                                                        Sure that will be 4 super dollars.

                                                        Commenter
                                                        Question
                                                        Location
                                                        School
                                                        Date and time
                                                        January 30, 2014, 11:05AM
                                                        • Pathetic and immature comments

                                                          Commenter
                                                          Astute Raider
                                                          Date and time
                                                          January 30, 2014, 11:03AM
                                                          • Colin Barnett shows how proud he is of his $600K hook:

                                                            http://images.watoday.com.au/2014/01/06/5055741/Barnett_729-620x349.jpg

                                                            Leave the sharks alone Colin.

                                                            Commenter
                                                            Allan
                                                            Location
                                                            Prahran
                                                            Date and time
                                                            January 30, 2014, 11:02AM
                                                            • Gordon Akman, I don't mind the actual content of your posts, but all your aliases are annoying. Anyone who reads this blog can tell they are mostly you. You going all loco sitting in your apartment by yourself? Relax

                                                              Commenter
                                                              A Gordon Akman Intervention
                                                              Location
                                                              Looney Bin
                                                              Date and time
                                                              January 30, 2014, 10:54AM
                                                                • get help GA

                                                                  Commenter
                                                                  no banks .. no party!
                                                                  Date and time
                                                                  January 30, 2014, 11:01AM
                                                                • he he

                                                                  Commenter
                                                                  a wounded bull
                                                                  Location
                                                                  is an angry bull
                                                                  Date and time
                                                                  January 30, 2014, 11:05AM
                                                              • ASIC Dropped the insider trading investigation against DJ Directors....what a toothless alley cat.

                                                                Commenter
                                                                Wwwish Lion
                                                                Location
                                                                Melbourne
                                                                Date and time
                                                                January 30, 2014, 10:49AM
                                                                • ASIC another taxpayer funded waist of time.

                                                                  Commenter
                                                                  linux
                                                                  Date and time
                                                                  January 30, 2014, 11:04AM
                                                                • As was your taxpayer-funded education. That's "waste" not "waist".
                                                                  Q. How do you upset a grammar Nazi.
                                                                  A. Pat them on the back saying "there, they're, their."

                                                                  Commenter
                                                                  mitch of ACT
                                                                  Date and time
                                                                  January 30, 2014, 11:19AM
                                                                • Agreed; hence why the government shouldn't be in education business.

                                                                  Point proven socialist mitch, bravo.

                                                                  Commenter
                                                                  Bye Bye Fiat Money
                                                                  Date and time
                                                                  January 30, 2014, 11:35AM
                                                              • The value of a share you own is only important twice.

                                                                Commenter
                                                                Wwwish Lion
                                                                Location
                                                                Melbourne
                                                                Date and time
                                                                January 30, 2014, 10:40AM
                                                                • Good point, cash flow is important, however, over the duration.

                                                                  Commenter
                                                                  Bye Bye Fiat Money
                                                                  Date and time
                                                                  January 30, 2014, 10:47AM
                                                                • @BBFM I agree cash flow is important, but my point still holds true even when considering cash flow.

                                                                  Commenter
                                                                  Wwwish Lion
                                                                  Location
                                                                  Melbourne
                                                                  Date and time
                                                                  January 30, 2014, 11:07AM
                                                                • @Wwwish Lion
                                                                  Agreed

                                                                  Commenter
                                                                  Bye Bye Fiat Money
                                                                  Date and time
                                                                  January 30, 2014, 11:15AM
                                                                • However it would be nice if occasionally the value of a share maintained at least some of the value that you paid for it so that you could maintain some illusion of wealth.

                                                                  Commenter
                                                                  mitch of ACT
                                                                  Date and time
                                                                  January 30, 2014, 11:51AM
                                                                • Mitch markets all around the world are mispriced because the US bond market (and others) are mispriced.

                                                                  My goldies have been hammered, but I don't mind, I have enough backup not to be forced out and am adding more to my quality ones.
                                                                  Similarly I'm using options to make extra cash while the market corrects to the down-side.... Further I have reduced my super exposure to bonds/stocks/RE and am primarily long cash and some infrastructure funds/exposure......

                                                                  Easiest thing at the moment is not to do anything... Just sit in cash for say 6-12 months, wait for the market to come to you....

                                                                  Commenter
                                                                  Bye Bye Fiat Money
                                                                  Date and time
                                                                  January 30, 2014, 12:17PM
                                                                • Or if you are leverged...

                                                                  Commenter
                                                                  GKB
                                                                  Location
                                                                  here
                                                                  Date and time
                                                                  January 30, 2014, 1:34PM
                                                                • @Bye Bye I must admit that I'm long in cash at the moment. The 7%pa risk-free from my Rabo 5 year TD looks very good compared to the negative 3% from the Allords since 2nd January. After adding on receipts from dividends and franking credits, some at 8%pa, the TD is still returning more than the shares for no effort in management on my part. It's hard to see the Allords advancing very much at all this year due to the yet to be announced spending cuts from the gov't and a shaky world economy.

                                                                  Commenter
                                                                  mitch of ACT
                                                                  Date and time
                                                                  January 30, 2014, 2:17PM
                                                              • Bargains well prices are ok so....
                                                                1000 TLS @ .5.06
                                                                555 AFJ @ 1.35
                                                                1000 ORA @ 1.32
                                                                1000 BKN @ 4.98

                                                                Commenter
                                                                BearShapedBull
                                                                Location
                                                                MugPunters Lounge
                                                                Date and time
                                                                January 30, 2014, 10:37AM
                                                                • Looks like somebody desperately needs to get a life. 36 comments and about 16 of them from the same poster under different names. What a battler.

                                                                  Commenter
                                                                  Tim
                                                                  Date and time
                                                                  January 30, 2014, 10:36AM
                                                                  • Where's all the bargain hunters?

                                                                    Commenter
                                                                    Traffic
                                                                    Location
                                                                    Cop
                                                                    Date and time
                                                                    January 30, 2014, 11:07AM
                                                                • I dont understand the almost vicious glee at market dips and the ensuing pain fellow investors might experience. It could be the one person under myriad aliases. Maybe it's people who've not invested on the belief/hope that there will be a GFC-like rout? Maybe there will - but personally I'm not going to plan on that basis. 2013 wasn't a good year to sit out of the market.

                                                                  Commenter
                                                                  Yin or yang
                                                                  Date and time
                                                                  January 30, 2014, 10:36AM
                                                                  • Yes this blog can get quite nasty. Apart from the moderators, I'm the only one who actually uses their real name and is prepared to put my name publicly to what I post.

                                                                    Commenter
                                                                    Gordon Akman
                                                                    Location
                                                                    Broadbeach
                                                                    Date and time
                                                                    January 30, 2014, 11:08AM
                                                                  • I don't think it's really vicious glee, probably just that you can make a lot more money in a volatile market so some investors are equally happy whether it soars or plunges. If the market was stable and rising say 10% a year, that's great because you'd make 10% a year. But when it's bouncing up and down several times a year by around that percentage, those who can pick the peaks and troughs, and go short/long accordingly, will make phenomenal returns.

                                                                    Commenter
                                                                    Gareth
                                                                    Location
                                                                    Sydney
                                                                    Date and time
                                                                    January 30, 2014, 11:11AM
                                                                  • @Gareth I agree. Some people post their trades and ideas on here, others post personal attacks under pseudonyms. This is quite common on the internet these days.

                                                                    Commenter
                                                                    Gordon Akman
                                                                    Location
                                                                    Broadbeach
                                                                    Date and time
                                                                    January 30, 2014, 11:34AM
                                                                  • I just calculated the potential returns over the last calendar year and if you picked close to the peaks and troughs and gone short/long accordingly, you'd have made a return of about 50%, and that's just based on the index. Potentially a lot more if you picked particularly bouncy individual shares.. If you went long in early Jan last year and sold today, your return would have been 6%.

                                                                    Makes you wonder if the volatility is artificially introduced so that the big boys in the know can make the big bucks, whereas the rest of us long-term investors have to be happy with 6%.

                                                                    Commenter
                                                                    Gareth
                                                                    Location
                                                                    Sydney
                                                                    Date and time
                                                                    January 30, 2014, 11:36AM
                                                                  • @Gareth, the big boys rely on and create the volatility. That's the only way they can make money. Dump shares, create a panic, trigger stop-loss orders, buy the falls then sell out as the price claws its way back from all of the mug-punters jumping in for fear of missing out on a bargain. Repeat exercise next day.

                                                                    Commenter
                                                                    mitch of ACT
                                                                    Date and time
                                                                    January 30, 2014, 11:59AM
                                                                • Its the Tampa disaster...no taper disaster
                                                                  hope u didnt buy those TWE yesterday Fred>>> ouch.

                                                                  Commenter
                                                                  BearShapedBull
                                                                  Location
                                                                  MugPunters Lounge
                                                                  Date and time
                                                                  January 30, 2014, 10:36AM
                                                                  • Haha not for want of trying BSB! If I had the cash I would have! Sometimes it pays to be broke.

                                                                    Commenter
                                                                    Fred
                                                                    Date and time
                                                                    January 30, 2014, 11:01AM
                                                                • /waves

                                                                  See you later bud.

                                                                  Commenter
                                                                  Daily 200-SMA
                                                                  Date and time
                                                                  January 30, 2014, 10:35AM
                                                                  • JBH down 8% in two days lol What happened to that "short squeeze" that was supposed to happen?

                                                                    Commenter
                                                                    Consumer
                                                                    Location
                                                                    Electronics
                                                                    Date and time
                                                                    January 30, 2014, 10:35AM
                                                                    • If you think today's stock market dose of reality is a big deal, just wait to see what happens in Australian property and debt markets when interest rates rise.

                                                                      Commenter
                                                                      Gordon Akman
                                                                      Location
                                                                      Broadbeach
                                                                      Date and time
                                                                      January 30, 2014, 10:33AM
                                                                      • Interest rate rises, I think that's a long, long, way off. I can only see more cuts to come as the RBA desperately tries to stimulate the economy at the same time as the Abbott gov't is contracting it by cutting gov't spending. Fruitless exercise. What it saves in spending cuts it will lose in welfare payments to the legions of newly unemployed and the loss of taxes from their wages. Of course the standard Liberal response will be to refuse to accept responsibility and label them all "dole bludgers" and make their miserable lives worse. Worked for John Howard so will be worth another try.

                                                                        Commenter
                                                                        mitch of ACT
                                                                        Date and time
                                                                        January 30, 2014, 11:44AM
                                                                      • @mitch no the RBA doesn't set Australian interest rates - the US Fed does. We have gotten away with cutting previously described "Emergency Level" interest rates because US rates were also ridiculously low. But when US rates rise Australia will have to follow. A low AUD will be all fun and games until petrol is $2 a litre and every consumer good in Australia (Australia doesn't make anything anymore/imports pretty much everything) becomes more expensive.

                                                                        Commenter
                                                                        Gordon Akman
                                                                        Location
                                                                        Broadbeach
                                                                        Date and time
                                                                        January 30, 2014, 11:58AM
                                                                      • @Gordon, you might be right there. All of that imported inflation from the low $A will cause the RBA to lift interest rates as its knee-jerk response. That will reduce prices but reduce the spending power of those with mortgages by an even greater amount. Prices will fall but those with less money in their pockets from higher mortgage payments still won't be able to afford to spend. Just because inflation, as measured by prices, is high doesn't mean that people are actually buying those goods. Lifting interest rates can be counter-productive. Reduces inflation and the amount of economic activity at the same time. Recent events in Turkey provide an example.

                                                                        Commenter
                                                                        mitch of ACT
                                                                        Date and time
                                                                        January 30, 2014, 12:20PM
                                                                    • Am I missing something? The market drops 50 points today and it is a wipeout, but it went up 50 points yesterday so really is it that big of a deal?

                                                                      Based on the US's movements over the last few sessions it should be down by 100's of points.

                                                                      Commenter
                                                                      Andy
                                                                      Location
                                                                      regional NSW
                                                                      Date and time
                                                                      January 30, 2014, 10:32AM
                                                                      • Patience, my son. We are yet to have the "$X billion WIPED OFF THE MARKET" headlines....

                                                                        Commenter
                                                                        confused
                                                                        Location
                                                                        syd
                                                                        Date and time
                                                                        January 30, 2014, 11:12AM
                                                                    • A move to cut stimulus indicates a country's economy is improving which is a good and positive sign, yet shares prices fall, fools rush in and sell, and i pick up bargains and long term make more money and enjoy retirement.

                                                                      Commenter
                                                                      Garry of Melbourne
                                                                      Date and time
                                                                      January 30, 2014, 10:23AM
                                                                      • Pollyannas wiped out. Love it!

                                                                        Commenter
                                                                        News
                                                                        Location
                                                                        Flash
                                                                        Date and time
                                                                        January 30, 2014, 10:19AM
                                                                        • Thanks Allan

                                                                          Commenter
                                                                          David
                                                                          Location
                                                                          Sydney
                                                                          Date and time
                                                                          January 30, 2014, 10:37AM
                                                                        • he he

                                                                          Commenter
                                                                          a wounded bull
                                                                          Location
                                                                          is an angry bull
                                                                          Date and time
                                                                          January 30, 2014, 11:10AM
                                                                      • Major sell-off? Are you kidding?
                                                                        The Dow/S&P were down by like 1.2%.... relax EDs the "major sell-off" for the US is yet to begin.

                                                                        It'll be a big sell-off here over the next few weeks in my opinion. Long a boat-load of put options @ different strikes/durations.

                                                                        Watch JPY/USD over the next few days/weeks!!!!!

                                                                        Commenter
                                                                        Bye Bye Fiat Money
                                                                        Date and time
                                                                        January 30, 2014, 10:18AM
                                                                        • pretty sure all "the economists" were saying the tapering as a good sign. I disagreed. 37% unemployment in the states and rising fast. jails overflowing with the highest prison population in the world. many major cities bankrupt or on the edge - including new york. and lets not beat around the bush - the cops in the usa are border line militia fighting a civil war as crime spirals out of control with a speeding violation met with full automatic assault rifles being drawn by a cops in full body armor.
                                                                          as the uber rich get uber richer and the middle class disappears.

                                                                          Commenter
                                                                          smilingjack
                                                                          Date and time
                                                                          January 30, 2014, 10:18AM
                                                                          • 37% unemployment is a bit dramatic don't you think...

                                                                            Commenter
                                                                            Andy
                                                                            Location
                                                                            regional NSW
                                                                            Date and time
                                                                            January 30, 2014, 10:33AM
                                                                          • no. they are lying through their bums.
                                                                            think saddam can attack the world in 5 minutes. GW on the deck of the aircraft carrier - the war is over. NSA boss addressing congress - the NSA is not spying on americans.
                                                                            do your own research on unemployment in the usa. thats not including people are unpaid interns and those working for tips who are "employed"right up there with oz where if you work 1 hour a week your employed.

                                                                            Commenter
                                                                            smilingjack
                                                                            Date and time
                                                                            January 30, 2014, 10:51AM
                                                                        • I hope our fellow investor who was contemplating buying TWE didn't act yesterday!

                                                                          Commenter
                                                                          Yin or yang
                                                                          Date and time
                                                                          January 30, 2014, 10:15AM
                                                                          • What did you make of AWE's quarterly report @ Yin? looks pretty sound to me!

                                                                            Commenter
                                                                            "P" Plater
                                                                            Location
                                                                            Tassie
                                                                            Date and time
                                                                            January 30, 2014, 10:32AM
                                                                          • Haha, that was me!

                                                                            I didn't, but not out of any wisdom, only because I was broke.

                                                                            Hopefully next week I'll pick some up, of course they'll plummet even further as soon as I do!

                                                                            But I do see agricultural and similar stocks as a solid long term bet, so I'm happy to wear some short term pain.

                                                                            Commenter
                                                                            Fred
                                                                            Date and time
                                                                            January 30, 2014, 10:36AM
                                                                          • @P Plater. Depends how you feel about the sale of BassGas interests (I like the $85m cash reserves on the balance sheet) and the small reductions in production Q4 vs Q3. On balance, I'm pretty neutral and will hold. But AWE SP has been a very ordinary performer for quite some time, I must say.

                                                                            Commenter
                                                                            Yin or yang
                                                                            Date and time
                                                                            January 30, 2014, 12:35PM
                                                                        • So many clowns are going to get exposed today. Love it!

                                                                          Commenter
                                                                          Ring
                                                                          Location
                                                                          Master
                                                                          Date and time
                                                                          January 30, 2014, 10:14AM
                                                                          • Floor for BOQ should be @ $8. Still won't be worth buying though at that price. I'd go long @ $6.

                                                                            Commenter
                                                                            Allan
                                                                            Location
                                                                            Prahran
                                                                            Date and time
                                                                            January 30, 2014, 10:13AM
                                                                            • Guffaw!

                                                                              Commenter
                                                                              Hyena
                                                                              Date and time
                                                                              January 30, 2014, 10:24AM
                                                                            • good for you jimbob chanos

                                                                              Commenter
                                                                              no banks .. no party!
                                                                              Date and time
                                                                              January 30, 2014, 10:39AM
                                                                            • To state the 'bleeding obvious' , the market doesn't agree.

                                                                              Commenter
                                                                              Yin or yang
                                                                              Date and time
                                                                              January 30, 2014, 10:42AM
                                                                            • Sure, sure, the market said it was worth $18 over 6 years ago.

                                                                              Commenter
                                                                              Allan
                                                                              Location
                                                                              Prahran
                                                                              Date and time
                                                                              January 30, 2014, 10:54AM
                                                                          • JBH belted again. Love it!

                                                                            Optical cable online from JBH $40.

                                                                            Ebay for the exact same cable $2.50 inc postage.

                                                                            Commenter
                                                                            Mr T
                                                                            Date and time
                                                                            January 30, 2014, 10:11AM
                                                                            • the truth is out there al/GA!

                                                                              Commenter
                                                                              x-files
                                                                              Location
                                                                              x-files
                                                                              Date and time
                                                                              January 30, 2014, 10:10AM
                                                                              • "Buying momentum from yesterday’s trading session will likely all but dry up"

                                                                                Yesterday's "bargain hunters" will be today's "victims" lol

                                                                                Commenter
                                                                                Nasty
                                                                                Location
                                                                                Boy
                                                                                Date and time
                                                                                January 30, 2014, 10:09AM
                                                                                • Ring Ring

                                                                                  Commenter
                                                                                  Margin
                                                                                  Location
                                                                                  Call
                                                                                  Date and time
                                                                                  January 30, 2014, 9:59AM
                                                                                  • The number you have called has been disconnected................

                                                                                    Commenter
                                                                                    Investor
                                                                                    Location
                                                                                    Cayman Islands
                                                                                    Date and time
                                                                                    January 30, 2014, 10:07AM
                                                                                  • thats pure gold.

                                                                                    Commenter
                                                                                    smilingjack
                                                                                    Date and time
                                                                                    January 30, 2014, 10:31AM
                                                                                • To the fools that say we need continual population growth, who don't understand the difference between GDP and GDP per capita.

                                                                                  In the late 19th Century Australians had the highest per capita incomes in the world. GDP per capita was 50% higher than the UK and higher still than the US.

                                                                                  Our population was less than 5% of what it is today, what has adding all those people done for the average Australian? We're going further and further backwards!

                                                                                  Commenter
                                                                                  Fred
                                                                                  Date and time
                                                                                  January 30, 2014, 9:58AM
                                                                                  • We need to continue adding people in this country to prop up the real estate upcoming collapse; with an ageing Australian population, what else are we going to do? Solution....China! Millions upon millions of Chinese will be granted full citizenship upon purchasing any Australian real estate. We all know it is the only way....
                                                                                    Start documenting and take pictures of everything around you, in twenty years no one will recognise this land.

                                                                                    Commenter
                                                                                    Real Estate Facilitator
                                                                                    Location
                                                                                    Sydney
                                                                                    Date and time
                                                                                    January 30, 2014, 10:13AM
                                                                                  • No matter how many people there are they still need the same degree of services. The fewer people there are the more per head those services cost and the less likely those services are to be provided and the higher the per head taxation. A larger population means more services and the benefits of economies of scale in providing them. Of course eventually areas become too crowded for anyone's good. It should then become a matter of encouraging people to live elsewhere and develop other areas than to stop growing altogether.That just spells stagnation.

                                                                                    Commenter
                                                                                    mitch of ACT
                                                                                    Date and time
                                                                                    January 30, 2014, 10:20AM
                                                                                  • Not sure who is fool.

                                                                                    In this increasingly global economy a nation needs viable population size, competitive market and enterprising society to maintain high standard of living. Australia cannot be condemned to live like Saudi Arabia or Nigeria living-off of natural resources and entitlement mentality that natures riches are their birthright.

                                                                                    Why go back to 19'th century, try 16'th or 17'th century and reflect on Australia's standard of living then..

                                                                                    Commenter
                                                                                    Ronn
                                                                                    Location
                                                                                    Sydney
                                                                                    Date and time
                                                                                    January 30, 2014, 10:24AM
                                                                                  • Wrong Mitch. Up to a point there is some truth in what you say but when you get to multi millions of people you are dead set wrong. Or are you saying that Denmark, Sweden, Switzerland and Finland suffer for lack of population scale?

                                                                                    Oh, and I know you'll say "we're scattered over a continent" but that's not really true, we're,.in fact, concentrated in a small bunch of major and regional cities, two of them that will pass the population of Denmark in under 15 years.

                                                                                    So when you're stuck on a clogged tollway cursing the cost and inconvenience, remember what I said.

                                                                                    Commenter
                                                                                    Catch 22
                                                                                    Location
                                                                                    It's all about feeding the rent seekers profits
                                                                                    Date and time
                                                                                    January 30, 2014, 10:43AM
                                                                                  • A bigger Australia is better for Coles - our great Aussie company, cough cough.
                                                                                    Coles employs 100,000 people directly or indirectly. By filling the country with another 20 million Coles could employ 200,000 people. This of course doesn't take into account that Coles would ultimately put more businesses out of business and send more and more people to the unemployment queue. But hey, they are an Aussie company so get right behind em.

                                                                                    Commenter
                                                                                    Genghis
                                                                                    Location
                                                                                    Lounge
                                                                                    Date and time
                                                                                    January 30, 2014, 10:47AM
                                                                                  • Agreed. Now there are so many other ways to enter besides boats from Indonesia. There are so many backdoor avenues to enter like student and 457 visa. The services are stretched to the limit and crime is on increase. Twenty years back Australia was a piece of heaven on this Earth. Real estate prices have been been pushed through the roof and locals are being pushed out of the market. There is no justification in increasing the population if it is creating hardship.

                                                                                    Commenter
                                                                                    xyz
                                                                                    Date and time
                                                                                    January 30, 2014, 10:47AM
                                                                                  • a stable population is better for the climate - please consider the children of the future, teach them well and let them lead the way

                                                                                    Commenter
                                                                                    Genghis
                                                                                    Location
                                                                                    Lounge
                                                                                    Date and time
                                                                                    January 30, 2014, 10:54AM
                                                                                  • Ronn -

                                                                                    In 2012, according to the World Bank, the top 3 countries for GDP per capita were:

                                                                                    1. MASSIVE MONACO
                                                                                    2. GIGANTIC LIECHTENSTEIN
                                                                                    3. ENORMOUS LUXEMBOURG

                                                                                    Which were slightly ahead of other world-leading populations like Switzerland and Norway.

                                                                                    Commenter
                                                                                    Fred
                                                                                    Date and time
                                                                                    January 30, 2014, 10:57AM
                                                                                  • Fred.. They are tax havens, prospering as the loop hole of the international system and few powerful vested interests. Surely they cannot be a model to creating a long-term viable and strong state,

                                                                                    Commenter
                                                                                    Ronn
                                                                                    Location
                                                                                    Sydney
                                                                                    Date and time
                                                                                    January 30, 2014, 11:15AM
                                                                                  • @Fred
                                                                                    Monaco - 2 km^2
                                                                                    Liechtenstein - 160 km^2
                                                                                    Luxembourg - 2,586 km^2

                                                                                    Australia - 7,702,466 km^2

                                                                                    It's one thing to have a tiny, wealthy enclave surrounded by other large, rich economies. Quite another to create wealth in a vast continent with challenges in water, transport and population density in the middle of the ocean.

                                                                                    Commenter
                                                                                    Jimmy
                                                                                    Date and time
                                                                                    January 30, 2014, 11:33AM
                                                                                  • Fred, you don't help your argument with ridiculous examples.

                                                                                    Jimmy, you can go live in the Simpson desert or Nullabor. The truth is, that as technology develops faster and faster, many rural areas already don't have enough work to go around except for casual and seasonal work, why do you think there's the big stink about the possible closure of the SPD cannery. Even what works exists will disappear as ever cheaper and more effective robot harvesters come on line in the coming decades. The people stuck in the 19th century are the "Big Australia" crowd.

                                                                                    Commenter
                                                                                    Catch 22
                                                                                    Date and time
                                                                                    January 30, 2014, 11:45AM
                                                                                  • @Catch
                                                                                    I'm not trying to argue we should pack the country to the level those listed countries. Only that it's a totally unreasonable comparison. Our country is totally different to those listed.

                                                                                    You might as well argue that Mars has a few billion dollars of assets in the form of Martian rovers and a population of zero so they have infinite assets per person.

                                                                                    Commenter
                                                                                    Jimmy
                                                                                    Date and time
                                                                                    January 30, 2014, 11:59AM
                                                                                  • In 20 years we won't even have a meat industry because most meat will come from test tubes in factories around the world's cities. Does it ever occur to people that the mining boom relies on imported machinery and Australia's cities are largely irrelevant and that the mines are already highly automated and will be more so?

                                                                                    The REAL Australia is Sydney, Melbourne, Brisbane, Adelaide, Perth and a grab bag of regional centres. The area is irrelevant. The Sahara and Siberia are bigger than Australia. Go to the north of Finland, Sweden and Norway, plenty of remote, empty land there. What of it? People don't want to live there. The trouble is Big Australia people are stuck with a 19th century economic model in their heads. But it's really about rent seeking.

                                                                                    Commenter
                                                                                    Catch 22
                                                                                    Date and time
                                                                                    January 30, 2014, 12:29PM
                                                                                  • Area may be irrelevant but the DISTANCE separating our population centers is highly relevant. We need expensive infrastructure like fast rail and the NBN if we are to be competitive in the future. And we need enough people to be able to pay for it without bankrupting ourselves. Trying to keep the population to a 19th century level will result in 19th century standards of living.

                                                                                    Look at the car industry for example, large part of the problem is the lack of scale. Australia buys around a million new cars a year. But worldwide, the plants the can profitably produce cars make around 200,000 of a single model per year. How are we supposed to compete with that?

                                                                                    We need to start by fixing our shoddy urban planning.
                                                                                    New York City has 10% the area of Sydney but double the population. How can you possibly argue that Australia is on the verge of being overcrowded?

                                                                                    Commenter
                                                                                    Jimmy
                                                                                    Date and time
                                                                                    January 30, 2014, 1:40PM
                                                                                • Step right up! Bargains for all! Steep discounts on all your favourite stocks! Enjoy!

                                                                                  Commenter
                                                                                  Aussie
                                                                                  Location
                                                                                  Bargains
                                                                                  Date and time
                                                                                  January 30, 2014, 9:58AM
                                                                                  • Alfa where's my G and T?

                                                                                    Commenter
                                                                                    Captain Stubing
                                                                                    Location
                                                                                    The Love Boat
                                                                                    Date and time
                                                                                    January 30, 2014, 9:54AM
                                                                                    • I think the US just realised the reality that most of the money printed during the QE ended up in the developing economies, never to be paid back...LOL, and rightfully so.

                                                                                      Commenter
                                                                                      Le Taper
                                                                                      Location
                                                                                      Sydney
                                                                                      Date and time
                                                                                      January 30, 2014, 9:54AM
                                                                                        • Love it!

                                                                                          Commenter
                                                                                          Nasty
                                                                                          Location
                                                                                          Boy
                                                                                          Date and time
                                                                                          January 30, 2014, 10:03AM
                                                                                        • Just speculate on their currencies for a while and hedge the sh*t out of them....gain back some $ and drive them down...down,that'll teach em..if not invade and take the oil.

                                                                                          Commenter
                                                                                          BearShapedBull
                                                                                          Location
                                                                                          MugPunters Lounge
                                                                                          Date and time
                                                                                          January 30, 2014, 11:12AM
                                                                                      • The right wing Liberal nutters are playing with laws again and showing themselves up as complete twits.

                                                                                        First we have Colin Barnacle Barnett and his shark bait and kill craziness which looks like it will cost $600K to kill one shark. And that shark didn't do anything wrong except swim around in the sea and eat things which is what sharks do. Duh!

                                                                                        Then there is Barry Over the Top O'Farrell and his mandatory minimum sentencing laws which will see anyone who defends themselves against unlawful police assault locked up for 2 years.

                                                                                        See that's the trouble with the inbred born-to-rule types - they're twits.

                                                                                        Commenter
                                                                                        Allan
                                                                                        Location
                                                                                        Prahran
                                                                                        Date and time
                                                                                        January 30, 2014, 9:51AM
                                                                                        • Allan, I will agree with the shark killings being a stupid policy, sharks dont kill that many people and we are in their water...but your second point doesnt make sense, if you defend yourself in an unlawful assault you would be found innocent, therefore no time....

                                                                                          Commenter
                                                                                          Wwwish Lion
                                                                                          Location
                                                                                          Melbourne
                                                                                          Date and time
                                                                                          January 30, 2014, 10:05AM
                                                                                        • LOL so naïve and not true. Many unlawful assaults are committed by the police. They sometimes like to bounce young girls around the watch house or break their legs. They deny it in court.

                                                                                          The judge may not be entirely convinced of the police evidence and give the "offender" a light sentence for pushing a police officer. Unless of course there is a mandatory minimum sentence of 2 years.

                                                                                          Commenter
                                                                                          Allan
                                                                                          Location
                                                                                          Prahran
                                                                                          Date and time
                                                                                          January 30, 2014, 10:50AM
                                                                                        • Fact is Alan not only Colon Barnett doing the shark thing,its been in other states for years and no-one seems to mind??? We have had a spate of fatals last 3 yrs here,someone wanted something done.Happens that the drum lines protect those $$ LP base coastal suburban beaches and their holiday home mega$$$ south west retreats is just a coincidence.

                                                                                          Commenter
                                                                                          BearShapedBull
                                                                                          Location
                                                                                          MugPunters Lounge
                                                                                          Date and time
                                                                                          January 30, 2014, 11:52AM
                                                                                        • "They sometimes like to bounce young girls around the watch house or break their legs. They deny it in court."

                                                                                          "Bound as he was to the chair, M'Lud, he assaulted myself and four other constables..."

                                                                                          Commenter
                                                                                          Stufan
                                                                                          Date and time
                                                                                          January 30, 2014, 2:29PM
                                                                                      • Q: What makes you more upset?

                                                                                        a) Allan's comments.

                                                                                        b) The ASX 200 being where it was in May 2013 with the currency it is denominated in being worth 18% less.

                                                                                        Commenter
                                                                                        Pollster
                                                                                        Date and time
                                                                                        January 30, 2014, 9:48AM
                                                                                        • C) Allan creating stupid polls which refer to himself in the third person.

                                                                                          Commenter
                                                                                          Interested Observer
                                                                                          Date and time
                                                                                          January 30, 2014, 10:07AM
                                                                                        • both are good for a laugh.

                                                                                          Commenter
                                                                                          no banks .. no party!
                                                                                          Date and time
                                                                                          January 30, 2014, 10:09AM
                                                                                        • you mean 7th april 2006. maybe back to march today 2006 after today. so about the same as it was 3000 days ago.

                                                                                          Commenter
                                                                                          smilingjack
                                                                                          Date and time
                                                                                          January 30, 2014, 10:12AM
                                                                                        • Glenn told me I'd be better off with a low dollar

                                                                                          Commenter
                                                                                          igroki
                                                                                          Date and time
                                                                                          January 30, 2014, 10:12AM
                                                                                        • A. Allan's Comments.
                                                                                          B. The ASX.
                                                                                          C. Gordon Akman's comment ( Next down) using Allan's vocabulary. He must have been one of those kids at school that had to copy. Very annoying.

                                                                                          Commenter
                                                                                          Michael
                                                                                          Location
                                                                                          Sydney
                                                                                          Date and time
                                                                                          January 30, 2014, 10:25AM
                                                                                        • how many alias does Allan of Parhran Have....ha ha ha ha ha h a Lov it... Show the receipts Allan

                                                                                          Commenter
                                                                                          Sullys Foot is Down
                                                                                          Location
                                                                                          South Freo
                                                                                          Date and time
                                                                                          January 30, 2014, 10:47AM
                                                                                        • All my trades are posted gee up. He he....

                                                                                          Commenter
                                                                                          Allan
                                                                                          Location
                                                                                          Prahran
                                                                                          Date and time
                                                                                          January 30, 2014, 10:58AM
                                                                                        • @Michael...hahahahahah..true

                                                                                          Commenter
                                                                                          peas in a pod
                                                                                          Location
                                                                                          peas in a pod
                                                                                          Date and time
                                                                                          January 30, 2014, 10:58AM
                                                                                      • Looks like some more "buying opportunities" lmao! All the pollyannas with their endless cash reserves will be able to scoop up more and more bargains lmao!

                                                                                        Commenter
                                                                                        Gordon Akman
                                                                                        Location
                                                                                        Broadbeach
                                                                                        Date and time
                                                                                        January 30, 2014, 9:45AM
                                                                                        • The reason some have endless cash reserves is that they are not mug enough to buy into a market that has further to fall. Too often today's bargain is tomorrow's super discount. It's getting harder to see anything positive about the market. Yes tonight the DOW will probably claw its way back 100 points or so from last night's overreaction but how long will that last.

                                                                                          Commenter
                                                                                          mitch of ACT
                                                                                          Date and time
                                                                                          January 30, 2014, 10:04AM
                                                                                        • GA if you dont buy on days like this, when do you buy? oh you dont....

                                                                                          Commenter
                                                                                          Wwwish Lion
                                                                                          Location
                                                                                          Melbourne
                                                                                          Date and time
                                                                                          January 30, 2014, 10:17AM
                                                                                        • @Wwwish Lion oh I've posted plenty of trades on here since May 2013. I also posted many US trades before May 2013 when the AUD was $1.03.

                                                                                          Commenter
                                                                                          Gordon Akman
                                                                                          Location
                                                                                          Broadbeach
                                                                                          Date and time
                                                                                          January 30, 2014, 10:29AM
                                                                                        • genuine nfi
                                                                                          zzz.zzzzz.zzzzzz.....sorry

                                                                                          Commenter
                                                                                          no banks .. no party!
                                                                                          Date and time
                                                                                          January 30, 2014, 10:31AM
                                                                                        • Total return since 2007 including dividends = zero. Pollyannas never learn.

                                                                                          Pobably because they're asleep. ROFLMAO!

                                                                                          Commenter
                                                                                          Allan
                                                                                          Location
                                                                                          Prahran
                                                                                          Date and time
                                                                                          January 30, 2014, 10:55AM
                                                                                      • Even though I doubt I will see the gains on shares I have been looking at wiped out, it seems that a few opportunities may be emerging. Even though the likes of Myself, Allan and a few others have missed some big oportunities along the way, it may not turn out too bad for us depending who you believe. I think I'll be able to get some ANZ for under $30 in the next couple of weeks.

                                                                                        Commenter
                                                                                        Frustrated
                                                                                        Location
                                                                                        Buyer
                                                                                        Date and time
                                                                                        January 30, 2014, 9:38AM
                                                                                        • You know why your gimmick isn't funny and doesn't work? Because the ASX 200 is the same as it was in April 2006 and the AUD has fallen 18% in 9 months. So obviously no one who wants to buy Australian stocks has missed any opportunity and have lots of stocks to choose from that are as cheap as ever.

                                                                                          The chip you have on your shoulder over losing so much money is rather funny though.

                                                                                          Commenter
                                                                                          Troll
                                                                                          Location
                                                                                          Inspector
                                                                                          Date and time
                                                                                          January 30, 2014, 9:54AM
                                                                                        • ANZ - hold for me - Well the head of ANZ Mike Smith certainly gets A for effort - ANZ is continuing his super regional push with varying success. Mike certainly tries hard in Asia , despite even at times suffering with fever he goes to Asia so often as he attempts to expand his push

                                                                                          Commenter
                                                                                          JB
                                                                                          Location
                                                                                          Boronia
                                                                                          Date and time
                                                                                          January 30, 2014, 10:01AM
                                                                                        • Mike certainly has his hand on it

                                                                                          Commenter
                                                                                          Phil
                                                                                          Location
                                                                                          Carlton
                                                                                          Date and time
                                                                                          January 30, 2014, 10:14AM
                                                                                        • I wouldn't be too greedy. I could be wrong but I wouldn't assume massive falls. PS you'll never pick the bottom.

                                                                                          Commenter
                                                                                          Yin or yang
                                                                                          Date and time
                                                                                          January 30, 2014, 10:19AM
                                                                                        • Troll, it's pretty clear that you are Allan. I'm sorry that I've upset you but you are just the clearest example on here of somebody who has shared my negative view and missed out in recent years. Spinning it the way you do doesn't put the money back into my account (I wish it did). As for losses, I haven't had any. I've been in cash and that is the problem. I've just missed huge gains like yourself and that is the problem. I'm trying to do something about it but putting my head in the sand and living in fantasy world like yourself bending reality won't help me retire comfortably. Good like to you though.

                                                                                          Commenter
                                                                                          Frustrated
                                                                                          Location
                                                                                          Buyer
                                                                                          Date and time
                                                                                          January 30, 2014, 10:24AM
                                                                                        • Ive seen Mike holding many a meeting in the bars of Asia, he keeps it real. BUY

                                                                                          Commenter
                                                                                          Stan
                                                                                          Location
                                                                                          Collingwood
                                                                                          Date and time
                                                                                          January 30, 2014, 10:33AM
                                                                                        • LOL I'm everywhere! Woo hoo!

                                                                                          Did you miss the 75% on the fmg short. 25% on the FXJ long? 30% on the XRO short. 80% on the BBG short?

                                                                                          You're new here. he he....

                                                                                          Commenter
                                                                                          Allan
                                                                                          Location
                                                                                          Prahran
                                                                                          Date and time
                                                                                          January 30, 2014, 10:57AM
                                                                                        • "Good like to you though"

                                                                                          See what happens when you fail 3rd grade?

                                                                                          Commenter
                                                                                          Third Grade English Teacher
                                                                                          Location
                                                                                          Taylor's Lakes
                                                                                          Date and time
                                                                                          January 30, 2014, 11:04AM
                                                                                        • I understand you
                                                                                          in same boat,
                                                                                          I got a card from Westpac saying I was now a SPECIAL cat trader with a hot line, all it means is , I have paid a fortune in brokerage
                                                                                          There have been some wonderful trading opps on the big four, but, I,m too busy building a workshop for myself
                                                                                          I have considered a total sell,
                                                                                          But then wot?
                                                                                          I sympathize, we are not here, or shouldn't be to larf at the misfortunes of others

                                                                                          Commenter
                                                                                          stu
                                                                                          Date and time
                                                                                          January 30, 2014, 11:20AM
                                                                                        • JB - are you saying Mike Smith has Yellow Fever

                                                                                          Commenter
                                                                                          Hedge
                                                                                          Location
                                                                                          The French Riverina
                                                                                          Date and time
                                                                                          January 30, 2014, 12:00PM
                                                                                      • On top of everything else the HSBC Manufacturing PMI number from China is due at 12:45. Chinese data has disappointed recently so tread extra carefully today.

                                                                                        Commenter
                                                                                        JJ
                                                                                        Location
                                                                                        NSW
                                                                                        Date and time
                                                                                        January 30, 2014, 9:31AM
                                                                                        • Poor old JP Morgan and Goldman Sachs! However will they cope with their Centrelink payments reduced to $65 billion a month?

                                                                                          Commenter
                                                                                          Fred
                                                                                          Date and time
                                                                                          January 30, 2014, 9:23AM
                                                                                          • They will have to sweep Wall St in the work for the dole program.

                                                                                            Commenter
                                                                                            Mack
                                                                                            Location
                                                                                            Sydney
                                                                                            Date and time
                                                                                            January 30, 2014, 9:51AM
                                                                                          • Coming soon to a cinema near you:
                                                                                            The Waif of Wall Street

                                                                                            Commenter
                                                                                            Steve
                                                                                            Date and time
                                                                                            January 30, 2014, 10:36AM
                                                                                        Comments are now closed