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Markets Live: Share gains fizzle

Date

Patrick Commins, Jens Meyer

After a strong start during which the ASX200 hit its highest since June 2008, the local market lost momentum and ended slightly lower, weighed down by the miners.

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  • "Having said that, if we get continued ructions out of Ukraine"

    Yep. Large sovereign debt defaults usually do give gold a bit of a kick along...

    Commenter
    Golden Medallion
    Date and time
    February 25, 2014, 4:36PM
    • "Fortescue is not alarmed by rising iron ore port stocks in its top customer China"

      Yes the iron ore stock piles aren't a concern. The concern is Chinese steal mills using iron ore as collateral on new loans. What happens if the iron ore price falls (and by association the collateral on these loans falls)?

      Commenter
      Word from on the ground
      Date and time
      February 25, 2014, 4:03PM
      • margin call followed by default.
        Default is a national sport to those dudes.

        Commenter
        mushy
        Date and time
        February 25, 2014, 4:51PM
      • im not seeing a huge amount of value out there, that is for sure.

        banks ok though, should provide another 10-15%, plus a fully franked divi.

        cmon bears...whenever you're ready.

        Commenter
        no banks .. no party!
        Date and time
        February 25, 2014, 3:57PM
    • "JPMorgan Chase is planning more job cuts in its mortgage business on top of the 13,000-15,000 positions already due to be slashed because of plunging demand for home loans"

      Housing boom!

      Commenter
      Allan
      Location
      Prahran
      Date and time
      February 25, 2014, 3:44PM
      • i think you will find the US housing market went bust a while ago champ. This sort of HC reduction at JP is nothing to get excited about.

        Commenter
        Bunyip66
        Date and time
        February 25, 2014, 4:11PM
      • 13,000-15,000 more accountants and/or lawyers...what a wonderful country we live in....so many opportunities.

        Commenter
        True Blue
        Location
        Sydney Asylum
        Date and time
        February 25, 2014, 4:23PM
    • The market only needs to go up:

      ((6873 * 1.17 * 1.2)-5440)/5440

      = 77%

      and it's a new bull market!

      Hurrah!

      Commenter
      Allan
      Location
      Prahran
      Date and time
      February 25, 2014, 3:42PM
      • Can someone help me with my investment please? I've tallied up the profits and losses and come up with:

        Profits:

        1. Bank
        2. Solicitors
        3. Real Estate Agent
        4. Developer

        Losses:

        1. Me

        What do?

        Commenter
        Lost Littlelandlord
        Date and time
        February 25, 2014, 3:41PM
        • "Gold is holding near its strongest level in four months"

          Hm.. I wonder if there's more upside or downside risk with little Aussie gold miners that have been trading around 1/10th of their former share prices...

          Commenter
          I wonder
          Date and time
          February 25, 2014, 3:14PM
          • "Australia should not be foolish in thinking it will continue to have uninterrupted economic expansion"

            Uhh ... yeah, pretty obvious. The last 30 years was built on a massive expansion of credit. Household debt went from less than 30% to 160% of income.

            The DOW is recovering better than the ASX for five main reason:

            1) The US actually makes stuff and their economy is broader and deeper than Australia's. They have a much lower reliance on imports which means a lower $US works in their favour.

            2) Wages are lower and companies can lay of people much easier than in Australia. The remaining employees are much more efficient. The US is the most efficient country in the world which isn't surprising since they lead the world in robotics and computerisation.

            3) Their energy costs have been dramatically reduced by the shale gas revolution so that they are now 1/3rd the cost in Asia. They are heading towards energy self sufficiency.

            4) They have very strong legal and democratic processes which allows string individualism and therefore creativity. China on the other hand will suffer increasing social disharmony because of their failure to implement a social democratic system. No two democracies have ever been at war. China is heading for a nasty lesson over the South China Sea and internal upheaval. The US is well placed for the second US century.

            5) The private debt is much lower which makes them well placed for a consumer led recovery. Consumption feeds into employment which feeds back into consumption. Governments cannot make an economy. Only individual demand and production can.

            Australia has its time in the sun. Now for the dog days.

            Enjoy!

            Commenter
            Allan
            Location
            Prahran
            Date and time
            February 25, 2014, 3:07PM
            • Dogs have good days also.

              Commenter
              BearShapedBull
              Location
              MugPunters Lounge
              Date and time
              February 25, 2014, 5:11PM
          • Ok so who posting about who has positions in property are richer than any one of the Grollos, Buffet, Trump? They all have made (at least some) of their money from property. Its about the right deal, not a macro view....

            Commenter
            Wwwish Lion
            Location
            Melbourne
            Date and time
            February 25, 2014, 2:50PM
            • Do developers make their money building and selling property at retail prices or buying property at retail prices with debt and renting it out?

              Commenter
              Special Education
              Date and time
              February 25, 2014, 3:28PM
            • Did they teach that at executive banking school? How come the banks don't buy them and rent them out?

              Commenter
              Allan
              Location
              Prahran
              Date and time
              February 25, 2014, 3:40PM
            • @Allan, im not sure what "executive banking school" is, money can be made in real estate, I dont like to play their either, but im not so arrogant to deny the people who can and do make money in that market. Your blinders to the fact people can make money where you cannot amazes me.

              Commenter
              Wwwish Lion
              Location
              Melbourne
              Date and time
              February 25, 2014, 4:07PM
            • Perhaps it is a good day to start "investing" for the long term. However if you really mean "speculating" the market is at a 4-year high and showing a reluctance to push its luck.

              Commenter
              mitch of ACT
              Date and time
              February 25, 2014, 2:50PM
          • APA has been going gangbusters of late. Add in the nice 17.5c a share dividend due early March makes Dave a happy boy. :D

            Commenter
            Dave
            Location
            Brisvegas
            Date and time
            February 25, 2014, 2:45PM
            • Nice business.Dave on a winner.

              Commenter
              no banks .. no party!
              Date and time
              February 25, 2014, 4:07PM
            • Thanks No Banks. It didn't do much for a while and then over the last little while has moved nicely upward. I've been doing a bit of portfolio cleaning of late, having culled some loser stocks in December and then over the last week taking profits. As I'm not a SMSF and in a higher tax bracket I'm not chasing the dividend plays, so I'm happy to accumulate some cash and wait to see how the market plays out once major stocks go ex-dividend.

              Commenter
              Dave
              Location
              Brisvegas
              Date and time
              February 25, 2014, 4:31PM
          • ASX double top? S&P 500 has met resistance (probably short term) but be careful.

            Commenter
            JohnBB
            Date and time
            February 25, 2014, 2:43PM
            • TP: Yes, I know QBE does not go XD until next week. The point is that it's up (now) 5% + 1% dividend if you'd bought today and kept a while :-)

              Commenter
              ExJayOh
              Location
              Cyberspace
              Date and time
              February 25, 2014, 2:37PM
              • @ I ain't no... "Is the sky falling?".....

                No, but you need to recognise where this is going or you'll pay a very big price. The whole "rooned, chicken little, sky falling" rubbish will hurt you far more than me because, you have your eyes closed.....

                Commenter
                JohnBB
                Date and time
                February 25, 2014, 2:35PM
                • so that's a no. Got it. Sorry you've been trying for the last 10 years and the sky is still intact.

                  Commenter
                  Hugo
                  Date and time
                  February 25, 2014, 4:38PM
              • QBE ..up 4.6%!
                Sometimes a boring report is all you need.

                Commenter
                adam
                Date and time
                February 25, 2014, 2:33PM
                • yes seemed to go ok,guess the pre warning had already been slapped into SP drop,so no surprise means steady as she goes.

                  Commenter
                  BearShapedBull
                  Location
                  MugPunters Lounge
                  Date and time
                  February 25, 2014, 4:32PM
              • I was just reading Ron Baron's most recent SEC filing for Baron Capital Group. I can't seem to find any positions in Australian rental property. Anyone know why that might be?

                Commenter
                Cheerful Investor
                Date and time
                February 25, 2014, 2:28PM
                • Looks like the perfect day to start a share portfolio. I'm sure the market is going to keep rising from here, to infinity and beyond as they say. Today is the safest time to start investing, so this is what I shall do :P

                  Commenter
                  Michael A
                  Location
                  Computer room
                  Date and time
                  February 25, 2014, 2:17PM
                  • Perhaps it is a good day to start "investing" for the long term. However if you really mean "speculating" the market is at a 4-year high and showing a reluctance to push its luck.

                    Commenter
                    mitch of ACT
                    Date and time
                    February 25, 2014, 2:50PM
                  • im not seeing a huge amount of value out there, that is for sure.

                    banks ok though, should provide another 10-15%, plus a fully franked divi.

                    cmon bears...whenever you're ready.

                    Commenter
                    no banks .. no party!
                    Date and time
                    February 25, 2014, 3:57PM
                • So now Electricity Bill agrees Craig Thomson's behaviour was disgraceful, nice to see he has got a handle on something. Worst Government in history followed by the weakest opposition imaginable. The LNP cannot believe their good fortune and quite frankly are methodically fixing the mess they inherited.

                  Commenter
                  Aussie Al
                  Location
                  Adelaide
                  Date and time
                  February 25, 2014, 2:14PM
                  • How, all they have done so far is overseen the addition of thousands of people to the Newstart bill and lose the taxes those people would o/wise have paid.

                    Commenter
                    mitch of ACT
                    Date and time
                    February 25, 2014, 2:19PM
                  • Hmm job losses can't be good for our finance sector overlords.
                    look for increasing bad debt provisions @eofy

                    Commenter
                    mushroom
                    Date and time
                    February 25, 2014, 2:44PM
                  • @Aussie Al...If it were only that simple. 1000 extra people added to Australia EVERY DAY willing to work for less in a dying economy. You'll hate LNP by the end of the year I promise. Why anyone would defend either of these horrific parties is beyond me.

                    Commenter
                    JohnBB
                    Date and time
                    February 25, 2014, 2:47PM
                  • And what would Labor do with those taxes Mitch? Prop up American car manufacturers and soft drink makers perhaps.

                    Commenter
                    happy hippy
                    Date and time
                    February 25, 2014, 3:06PM
                  • Methodically hollowing out what's left of the economy for the sake of our bloated, subsidised, protected, incompetent and parasitic financial sector. This is the end result of bi-partisan pro-property bubble policies since the late 90s. The system is irreparably broken.

                    Commenter
                    Jim
                    Date and time
                    February 25, 2014, 3:07PM
                  • Abbott tramps around the world proclaiming that Aus is open for business. He then proceeds to shut massive amounts of industry down. He needs to ignore petty distractions and get his eye on industry and spell out a workable plan. Or perhaps the job is too big for him.

                    Commenter
                    FHB
                    Date and time
                    February 25, 2014, 3:16PM
                  • The American Companies are very upset that the gov bail outs of the past are not being transfered back to America HO as profits....Ahhh the two greatest words in corporate America, transfer pricing....

                    Commenter
                    Wwwish Lion
                    Location
                    Melbourne
                    Date and time
                    February 25, 2014, 3:28PM
                  • You're right Wish. Not even the spare change we were giving the car industry should stand in the way of the orders of magnitude greater finances we donate to our world klutz level financial system of parasites and piranhas to ramp up the value of speculative assets. That is the true basis of lasting national prosperity.

                    Commenter
                    Jim
                    Date and time
                    February 25, 2014, 4:16PM
                • the man is a GEM...and i wanna boff him

                  http://finance.fortune.cnn.com/2014/02/24/warren-buffett-berkshire-letter/

                  Commenter
                  no banks .. no party!
                  Location
                  gay for warren
                  Date and time
                  February 25, 2014, 2:08PM
                  • get this into your head

                    "When Charlie Munger and I buy stocks -- which we think of as small portions of businesses -- our analysis is very similar to that which we use in buying entire businesses. We first have to decide whether we can sensibly estimate an earnings range for five years out or more. If the answer is yes, we will buy the stock (or business) if it sells at a reasonable price in relation to the bottom boundary of our estimate. If, however, we lack the ability to estimate future earnings -- which is usually the case -- we simply move on to other prospects. In the 54 years we have worked together, we have never forgone an attractive purchase because of the macro or political environment, or the views of other people. In fact, these subjects never come up when we make decisions."

                    im pretty certain i can predict NAB/WBC divs/EPS in the next 5 years...can anyone say the same for QAN or QBE?

                    Commenter
                    no banks .. no party!
                    Location
                    GOLD GOLD GOLD
                    Date and time
                    February 25, 2014, 2:36PM
                  • Thanks @No Banks...Always good to read something writen by the man.

                    Commenter
                    Wwwish Lion
                    Location
                    Melbourne
                    Date and time
                    February 25, 2014, 2:45PM
                  • Is Buffet buying CBA/WBC? Nope.

                    Commenter
                    Allan
                    Location
                    Prahran
                    Date and time
                    February 25, 2014, 3:46PM
                  • Does he own Bank of America and Goldman? Yep.
                    Do your homework and thanks for reading my posts.

                    Commenter
                    no banks .. no party!
                    Date and time
                    February 25, 2014, 4:12PM
                  • "Warren Buffett thanks BofA CEO Moynihan for $5.3 billion profit"

                    how does this compare to your QAN profit?

                    Commenter
                    no banks .. no party!
                    Date and time
                    February 25, 2014, 4:16PM
                • no gifts recently?

                  Commenter
                  pinch of salt
                  Location
                  pinch of salt
                  Date and time
                  February 25, 2014, 1:50PM
                  • Unless of course you count my virtual gift with SBM...up 2.5% today!

                    Commenter
                    Thomas Doubtfire
                    Location
                    Prahran
                    Date and time
                    February 25, 2014, 2:17PM
                • Interesting day today, where will we end tonight, more selling or cringe its way back to break even?

                  Don't see any reason for the fizzle, so I see no reason why it won't bounce back to 5450 (ASX)

                  Commenter
                  "P" Plater
                  Location
                  Tassie
                  Date and time
                  February 25, 2014, 1:47PM
                  • end of the divs today, all down for a while

                    Commenter
                    JB
                    Location
                    Boronia
                    Date and time
                    February 25, 2014, 1:59PM
                  • Just like we have on the previous days lately there will probably be a sharp uptick in the index right at the end. I speculated yesterday that perhaps a trader has a bet with his mates that the index will always kick up at the end and is making sure it does. To do so only means pushing the price of a stock, that is a key to the index, up just enough.

                    Commenter
                    mitch of ACT
                    Date and time
                    February 25, 2014, 2:09PM
                  • Personally I've been expecting a bit of a pullback from these levels the last few days, only to be proven wrong. Still think we are due for a round of profit taking. With a number of stocks going ex-dividend soon the market may come under some selling pressure. Still, could be the start of another push up. Only time will tell.

                    Commenter
                    Dave
                    Location
                    Brisvegas
                    Date and time
                    February 25, 2014, 2:30PM
                • I am asking if anyone knows how I can buy the Euro
                  private bank accounts in Au do not allow foreign currency accounts

                  Commenter
                  stu
                  Date and time
                  February 25, 2014, 1:38PM
                  • 1. Open a foreign currency account with banks such as HSBC, Citi...could be Euro, US etc.
                    2. Open an account with (for example)..Ozforex Ltd (ozforex.com.au)...I've used them...fantastic, great service and rates (I don't work for them).
                    3. Purchase Euro/ Sell AUD
                    4. Transfer AUD into their (Ozforex account), and they will transfer Euro into yours...that's that...easy.

                    Commenter
                    Mack
                    Location
                    Sydney
                    Date and time
                    February 25, 2014, 1:46PM
                  • Stu, have you got an account with a European bank or a share account? If not you might be able to open a share trading account in Europe. You could then exchange $A for Euro e.g. transfer $A to the account and then buy Euro. Otherwise, have you got a friend with a European account?

                    Commenter
                    Viking
                    Location
                    Sydney
                    Date and time
                    February 25, 2014, 1:49PM
                  • @ Mack
                    thanks so much, I did have an account in Fr, HSBC, But could never access it, so closed it
                    Ok all aboard the Euro

                    Commenter
                    stu
                    Date and time
                    February 25, 2014, 1:57PM
                  • Watch the transfers if using the big 4,ouch hit ya this side for around $22 and then hit you again other side for the same,might not matter on a large transaction cost though.Have a look at XE also,but i think you need to set up foreign bank acc somewhere,i hear cyprus is attractive.....

                    Commenter
                    BearShapedBull
                    Location
                    MugPunters Lounge
                    Date and time
                    February 25, 2014, 2:15PM
                  • If you want exposure to FX why wouldnt you go to a CFD provider. Their spreads are very tight and they are easy to use. I know there can be issues around order levels but once you have that worked out I think they are very hard to beat for trading FX.

                    Commenter
                    Bunyip66
                    Location
                    the swamp
                    Date and time
                    February 25, 2014, 2:59PM
                  • thanks all, I do not wish to trade
                    Just hold the Euro
                    HSBC have an app to open account 27th

                    Commenter
                    stu
                    Date and time
                    February 25, 2014, 3:29PM
                  • Yes, I understand...I did the same thing, just to hold Euro and US, not to trade, just hold. Got them both at pretty good rates about twelve months ago...
                    I still have them. Great especially if going o/seas for ongoing expenses, for property purchase (o/seas), car purchase (o/seas) or other...
                    Open another (foreign, Euro, US etc) account whilst o/seas in your country of choice and then simply start transferring...online, telegraphic or whatever.
                    PS...o/seas real estate...Fantastic! some really great bargains.

                    Commenter
                    Mack
                    Location
                    Sydney
                    Date and time
                    February 25, 2014, 4:35PM
                  • @stu...go in person to HSBC branch (if possible) and open a foreign account with them, Euro, US etc.
                    I find it much easier and safer to go in person to the branch. (don't forget your IDs).
                    Furthermore, I think you might to buy a minimum amount of Euro/US etc on the day you open the account, just a small amount, perhaps around $100 or so to get the account going.

                    Commenter
                    Mack
                    Location
                    Sydney
                    Date and time
                    February 25, 2014, 5:00PM
                • XAO typical pre close up trading (higher intraday highs and soft closes). I would expect a moderate move up soon, ie within next week? Perhaps a finish about 5452 today? A discrepancy between our market and asia and wall st at 1.36pm. Any other opinions?

                  Commenter
                  It's All About Making Money
                  Location
                  Lennox Head
                  Date and time
                  February 25, 2014, 1:37PM
                  • Can anyone point me to some websites that are good source of information for investments ?
                    I am already subscribed to AFR, marcus today, Morningstar and read Roger Montgomery and.....Motley fool (for a laugh)

                    Commenter
                    BoB
                    Location
                    Franga
                    Date and time
                    February 25, 2014, 1:19PM
                    • Try Alan Kohler- The Bull. They all try flog you off subscription. So I also would like to hear some others.

                      Commenter
                      The man himself
                      Location
                      Alan Kohler
                      Date and time
                      February 25, 2014, 1:23PM
                    • read this blog and do the opposite to Allan from Prahran.

                      Commenter
                      shorter stalker
                      Date and time
                      February 25, 2014, 1:35PM
                    • Clime
                      they are holding seminars all over Au this month, I'm going to one in Bne 27th

                      Commenter
                      stu
                      Date and time
                      February 25, 2014, 1:36PM
                    • He he... hurts doesn't it shorttalker.

                      Commenter
                      Allan
                      Location
                      Prahran
                      Date and time
                      February 25, 2014, 1:49PM
                  • @ bearshapedbull, are you the only personality on here that talks or gives advice about actual stocks? I don't mind ameture's responding as I am also. Can anyone reccomend a Markets thread with more information-specific dialogue? No offense but some posts are way off the mark, why are people talking about property and politics? Hear enough of it at work, and they aren't the most exciting people. Again no offense.

                    Commenter
                    Navy
                    Location
                    Navy
                    Date and time
                    February 25, 2014, 1:01PM
                    • Well said. Over to you Eds, how about blocking these type of off-topic monologues?

                      Commenter
                      Grinch
                      Date and time
                      February 25, 2014, 1:16PM
                    • some days are better than others,just sort thru for relevance on here. links as follows if you dont check em already
                      http://www.asx.com.au/education/investor-update-newsletter-previous-issues.htm

                      http://www.sharecafe.com.au/

                      http://www.morningstar.com.au/

                      http://www.aussiebulls.com/Default.aspx?lang=en

                      Commenter
                      BearShapedBull
                      Location
                      MugPunters Lounge
                      Date and time
                      February 25, 2014, 1:20PM
                    • @Navy...I understand your plight but do try to be a bit more flexible...markets is made up of ...yes...wait for it....People. People in all their complexity (Real estate, politics, opinions etc) drive the market. What do you expect on this blog...just a buy/sell recommendation? Actually, wish I got that, also but it ain't happening.

                      Commenter
                      Mack
                      Location
                      Sydney
                      Date and time
                      February 25, 2014, 1:24PM
                    • oh and
                      http://www.theage.com.au/business/markets-live
                      as i think the eds do a fine job of keeping us up to date on a daily basis,hats off to them.

                      Commenter
                      BearShapedBull
                      Location
                      MugPunters Lounge
                      Date and time
                      February 25, 2014, 1:28PM
                    • Navy
                      2cents on the fire - get to cash NOW! Sell your stocks, unless you can hedge them. Come back sub 4500....

                      Commenter
                      Bye Bye Fiat Money
                      Date and time
                      February 25, 2014, 1:31PM
                    • Good question Navy however its a reflection of our society there is always a percentage who have no intellectual ability and simply use personal abuse on everybody from our prime minister down. Then the others who think the word is at an end and some who are son insecure they keep wishing the worst on most people.

                      Good luck with searching for value comments they usually run about 10 % just like stories in Murdoch and Fairfax and Guardian newspapers which appear mirror images of each otherr now.

                      Commenter
                      Harry Rogers
                      Date and time
                      February 25, 2014, 1:33PM
                    • Navy- I used to try to make informative comments on the site. A couple too many egos and reams of irrelevance has me now not terribly interested in blogs even though I follow the Markets Live column

                      Commenter
                      batty
                      Date and time
                      February 25, 2014, 1:41PM
                  • Hm.. Gold up + Silver up. We mine gold and silver. I wonder if there is more upside or downside risk... LOL

                    Commenter
                    King
                    Location
                    of Kingsgate
                    Date and time
                    February 25, 2014, 12:53PM
                    • http://www.smh.com.au/business/markets/currencies/fears-australian-dollar-facing-benign-collapse-to-us66-20140224-33cfl.html
                      Surprised no comments about this report.
                      I cant see such a decline but it surely could get to low 80s in my opinion as our wonderful economic managers dont appear to have a clue.

                      Commenter
                      Red Rooster
                      Location
                      On the Warrego
                      Date and time
                      February 25, 2014, 12:47PM
                      • i was just reading the minutes from the delivering alpha hedge fund conference. none of the top hedge funds in the world said they were buying australian property with debt and renting it out to make their money this year. does anyone know why that might be?

                        Commenter
                        alfa's bank manager
                        Date and time
                        February 25, 2014, 12:46PM
                        • What is the point to your post?

                          Commenter
                          Confused
                          Date and time
                          February 25, 2014, 1:27PM
                        • Yes, funny enough I do know the answer.

                          Alfa bought all properties and there's nothing left.........

                          Commenter
                          Alfa's Real Estate Agent
                          Location
                          Sydney
                          Date and time
                          February 25, 2014, 1:36PM
                        • they must be buying up QAN/BBL and shorting the BOQ/BIG 4 banks...like you two.

                          Commenter
                          no banks .. no party!
                          Location
                          finding alfa75
                          Date and time
                          February 25, 2014, 1:43PM
                        • Thanks for playing! he he

                          Commenter
                          BCF Store Manager
                          Date and time
                          February 25, 2014, 1:45PM
                        • BOQ, BHP, SEK and the all ORDS to 2500pts- the greatest short in history- Allan of Prahran.

                          Commenter
                          SEK
                          Location
                          wheres me money pal?
                          Date and time
                          February 25, 2014, 1:59PM
                        • SEK is worth @ $5.

                          Commenter
                          No pollyanna
                          Location
                          Took the rose coloured glasses off
                          Date and time
                          February 25, 2014, 2:25PM
                      • As a measure of how bad things really are out there, pay-day lender and small financier, Money3 (MNY) has reported a 86% rise in revenue and a 96% increase in profit. Business is booming if you are lending to the desperate.

                        Commenter
                        mitch of ACT
                        Date and time
                        February 25, 2014, 12:46PM
                        • George Soros is on the go again, now investing in Europe and in Greeece. This old pensioner's brain is on par with Einstein's. Look at the hardship George has gone through fleeing the Nazis to America. Next time Australia turn back a boat, we might turn around a George Soros.

                          Commenter
                          Viking
                          Location
                          Sydney
                          Date and time
                          February 25, 2014, 12:16PM
                          • George should learn to play cricket. That seems to help if you're an asylum seeker and a good cricketer.

                            Commenter
                            mitch of ACT
                            Date and time
                            February 25, 2014, 12:30PM
                          • Does George buy Australian property with debt and rent it out? Is that how he makes his money?

                            Commenter
                            Answer the question
                            Date and time
                            February 25, 2014, 12:33PM
                          • Soros is a financial piranha, an economic hyena, he destroys currencies and economies and then invests at ridiculous prices...that's not what Einstein did. How can one compare the two? One was brilliant and gave humanity and society greatest discoveries the other...an old man that has fully paid for a lovely place in Hell... and a rather hot one. There's so much suffering waiting for this failure of a human, so much pain...

                            Commenter
                            Judge
                            Location
                            Sydney
                            Date and time
                            February 25, 2014, 12:44PM
                          • "Fleeing the Nazis to America". Not quite. He emigrated from Hungary to England to study at the London School of Economics in 1947. He moved to New York 9 years later.

                            Commenter
                            TP
                            Date and time
                            February 25, 2014, 1:16PM
                          • "Next time Australia turn back a boat, we might turn around a George Soros."

                            One can live in hope!!

                            Commenter
                            Harry Rogers
                            Date and time
                            February 25, 2014, 1:40PM
                          • Judge - Tall poppy syndrome, I guess? True, George Soros is very successful and a lot of people have a problem with that.

                            Commenter
                            Viking
                            Location
                            Sydney
                            Date and time
                            February 25, 2014, 1:46PM
                          • @Viking...I do like successful people, please don't put words in my mouth. I respect successful people that became so through their hard work, new & innovative ways, positive to society and communities. Give me one, single one of Soros...and I'll bow my head down....He should have a "P' tattooed on his head...Pestilence.

                            Commenter
                            Judge
                            Location
                            Sydney
                            Date and time
                            February 25, 2014, 2:27PM
                          • @Judge. According to Forbes, George Soros has donated over $8 billion to charity. You seem to know a lot about him though...

                            Commenter
                            TP
                            Date and time
                            February 25, 2014, 3:45PM
                        • George Brandis trying to police the internet for unauthorised downloads is the same as trying to make himself likeable: an exercise in futility.

                          Ever heard of Pirate Bay George? How about anonymous proxies?

                          Commenter
                          Allan
                          Location
                          Prahran
                          Date and time
                          February 25, 2014, 12:08PM
                          • Just putting in place more of Murdoch's bidding. That free election campaign Murdoch ran for the Libs did have a price in a crippled NBN and restrictions on the internet.

                            Commenter
                            mitch of ACT
                            Date and time
                            February 25, 2014, 12:24PM
                          • How stimulating. Mitch and Allan butting heads over the great world deprssion. Like Laurie Oakes talking to Laurie Oakes on valium. Ed- why do you do this to us?

                            Commenter
                            For the love of
                            Location
                            .........
                            Date and time
                            February 25, 2014, 12:43PM
                          • You read it. And replied. Must be interesting.

                            Commenter
                            Allan
                            Location
                            Prahran
                            Date and time
                            February 25, 2014, 1:50PM
                        • Short people make me puke.
                          I think I will have to compose a song about how they take up so much space. Take this blog 4 example. One short person has about 10% of the space on this blog .
                          God bless America. In God we Trust.????

                          Commenter
                          Randy Newman
                          Location
                          America
                          Date and time
                          February 25, 2014, 12:04PM
                          • "A George Soros fund has reclaimed the top spot as the world's most successful hedge fund."

                            Does anyone know how George makes his money? Does he make his money from buying Australian houses with debt and renting them out?

                            Commenter
                            Upbeat Investor
                            Date and time
                            February 25, 2014, 12:04PM
                            • QBE up 4% plus 1% fully franked dividend. I guess that answers my earlier question :-)

                              Commenter
                              ExJayOh
                              Location
                              Cyberspace
                              Date and time
                              February 25, 2014, 12:04PM
                              • Doesn't go ex-div until 06/03.

                                Commenter
                                TP
                                Date and time
                                February 25, 2014, 1:00PM
                              • see IAGs div yield and EPS....and finally price of a share.

                                Commenter
                                no banks .. no party!
                                Date and time
                                February 25, 2014, 1:11PM
                              • AZV is up 13.46%! You little ripper! CAJ is back down to 2.75% but much more weight so thats ok. Can anyone give us the good oils on AZV?

                                Commenter
                                Navy
                                Location
                                Navy
                                Date and time
                                February 25, 2014, 1:13PM
                            • Sold AWC @ 1.295. 16% in under 3 months. Could do with a few more of these.

                              Commenter
                              Dave
                              Location
                              Brisvegas
                              Date and time
                              February 25, 2014, 12:03PM
                              • "Under current legislation, insider trading can be a highly profitable activity, with little risk of getting caught."

                                Commenter
                                Corruption Everywhere
                                Date and time
                                February 25, 2014, 12:02PM
                                • I said I did not care about AVZ but they are up 7.5% now! Wish I wieghted this stock more heavily but they don't trade enough volume.

                                  Commenter
                                  Navy
                                  Location
                                  Navy
                                  Date and time
                                  February 25, 2014, 12:01PM
                                  • "I fear that the euro zone could experience a long phase of economic stagnation similar to Japan’s in the past 25 years”

                                    Bear, bear, bear, bears everywhere..

                                    Open your eyes! He he...

                                    Commenter
                                    Allan
                                    Location
                                    Prahran
                                    Date and time
                                    February 25, 2014, 12:01PM
                                    • QBE up 4% plus 1% fully franked dividend. I guess that answers my earlier question :-)

                                      Commenter
                                      ExJayOh
                                      Location
                                      Cyberspace
                                      Date and time
                                      February 25, 2014, 11:57AM
                                      • There you go @Yin or Yang, I am in with AWE @ $1.425, changed my other order to $1.395. I will try and sell for $1.45 today and see what happens tomorrow. One thing you can always be assured of with AWE is that it can drop very quickly. What a mongrel of a stock at times...

                                        Commenter
                                        "P" Plater
                                        Location
                                        Tassie
                                        Date and time
                                        February 25, 2014, 11:50AM
                                        • I suspect you'll get your $1.395.

                                          Commenter
                                          Yin or yang
                                          Date and time
                                          February 25, 2014, 12:21PM
                                        • @Yin, cancelled my second order and bought CBA instead at $75.25. I might have finally lost my patience with AWE today...too hard!

                                          Commenter
                                          "P" Plater
                                          Location
                                          Tassie
                                          Date and time
                                          February 25, 2014, 3:43PM
                                      • Invested in 4 bows. They might come in handy during the apocalypse.

                                        Commenter
                                        Ryan
                                        Date and time
                                        February 25, 2014, 11:47AM
                                        • LOL....so silly.

                                          Commenter
                                          no banks .. no party!
                                          Date and time
                                          February 25, 2014, 12:02PM
                                        • Quite practical and fun. Duck for dinner yum.

                                          Commenter
                                          Ryan
                                          Date and time
                                          February 25, 2014, 12:08PM
                                        • Compound or recurve? I've been thinking of getting one myself for some time!

                                          Commenter
                                          panda
                                          Location
                                          perth
                                          Date and time
                                          February 25, 2014, 1:21PM
                                        • Professional quality recurve and 3 ive made myself from different types of wood. I enjoy wood working.

                                          Commenter
                                          Ryan
                                          Date and time
                                          February 25, 2014, 2:52PM
                                      • 300 new jobs for Geelong
                                        http://www.abc.net.au/news/2014-02-25/new-call-centre-for-geelong-to-create-300-jobs/5282276?section=vic

                                        Commenter
                                        Jobs
                                        Location
                                        GoLong
                                        Date and time
                                        February 25, 2014, 11:45AM
                                        • "China's capital region remained swathed Monday in a cloud of choking smog, prompting a rise in hospital visits and sales of indoor air purifiers and reports of rare industry shutdowns"

                                          Ahh.. the joys of central planning and corruption.

                                          Housing boom!

                                          Commenter
                                          Allan
                                          Location
                                          Prahran
                                          Date and time
                                          February 25, 2014, 11:34AM
                                          • What's your point? Hundreds of millions of Chinese have risen from agrarian poverty. Are you in favour of dumping them back on the land?

                                            Commenter
                                            FHB
                                            Date and time
                                            February 25, 2014, 11:57AM
                                          • No I'm in favour of clean air. Duh!

                                            Commenter
                                            Allan
                                            Location
                                            Prahran
                                            Date and time
                                            February 25, 2014, 12:11PM
                                          • What point is an economic boom, if you can't breath fresh air ?

                                            Commenter
                                            HR Puffenstuff
                                            Location
                                            Beijing
                                            Date and time
                                            February 25, 2014, 12:12PM
                                          • As I suspected. Your wish is to de-industrialise China.

                                            Commenter
                                            FHB
                                            Date and time
                                            February 25, 2014, 12:22PM
                                          • Allan, it's the unnecessarily arrogant way in which you communicate with anyone who does not share your glass half empty view of the world or has the temerity to question the point you try to make (monotonously) that sets so many in this forum against you. Is there any need for "Duh"? I wonder whether you're this rude in "real life"?

                                            Commenter
                                            Adjudicator
                                            Location
                                            Nirvana
                                            Date and time
                                            February 25, 2014, 12:42PM
                                          • No, it's an appropriate response to reductio ad absurdum . Duh!

                                            Commenter
                                            Allan
                                            Location
                                            Prahran
                                            Date and time
                                            February 25, 2014, 12:50PM
                                        • Oh look another 11% on SBM, add that to 24% from the last long no wonder no banks is crying.

                                          Commenter
                                          Allan
                                          Location
                                          Prahran
                                          Date and time
                                          February 25, 2014, 11:31AM
                                          • LOL .. be happy!

                                            Commenter
                                            no banks .. no party!
                                            Date and time
                                            February 25, 2014, 12:03PM
                                        • MRM any thoughts ?, results looked okay , and the purchase of Jaya makes sense. share price has been hammered recently (maybe ahead of this deal?) anyone have any strong opinions of where we go from here ?

                                          Commenter
                                          Chris
                                          Location
                                          Sydney
                                          Date and time
                                          February 25, 2014, 11:30AM
                                          • Capital raising at 2.40 share...18/7 issue looking for over $300 million.
                                            offshore support work continue to grow short term with O/G projects WA and NT.

                                            Commenter
                                            BearShapedBull
                                            Location
                                            MugPunters Lounge
                                            Date and time
                                            February 25, 2014, 5:07PM
                                        • More rabbit hutches anyone?

                                          http://www.theage.com.au/victoria/matthew-guy-approves-five-new-residential-towers-for-melbourne-cbd-20140225-33dw4.html

                                          Commenter
                                          Pete the Pom
                                          Location
                                          Melbourne
                                          Date and time
                                          February 25, 2014, 11:29AM
                                          • I'm going to rent mine out.
                                            Never mind the vacancy rate for the postcode 3000 is around 8%.
                                            Negative gearing will pay my mortgage, won't it?

                                            Commenter
                                            Oblivious
                                            Location
                                            To the bubble
                                            Date and time
                                            February 25, 2014, 12:09PM
                                        • CAJ up again 4.5%, does anyone have some insider info on what's driving this up so hard? Will move stop loss up. I'm up 56.6%, Don't even care about AZV atm, loving the markets today :) Happy trading everyone!

                                          Commenter
                                          Navy
                                          Location
                                          Navy
                                          Date and time
                                          February 25, 2014, 11:23AM
                                          • ED: The blog doesn't work on Safari. It throws an error: "Too many redirects occurred trying to open...." Could you get one of the techy guys to have a look at this. Thanks!

                                            Eds: Hi GG. We tried the blog on our devices and it seems to work fine. Not sure why it's not working for you. We're not IT experts, but maybe make sure Safari is the latest version?

                                            Commenter
                                            Gordon Gekko
                                            Location
                                            NY
                                            Date and time
                                            February 25, 2014, 11:21AM
                                            • out TWE. 16%. Cant complain. Are you still in Gordon ?

                                              Commenter
                                              got brain
                                              Date and time
                                              February 25, 2014, 11:16AM
                                              • Gordon worried about the $260 he spent on BBL...lol.

                                                Commenter
                                                no banks .. no party!
                                                Date and time
                                                February 25, 2014, 11:49AM
                                              • Nice feed got brain. Yep I'm still on. As previously posted it seemed to get support around $3.50. Glad I got on. I'm gonna ride it longer though. $4.50 looks like when I'll be a seller.

                                                Commenter
                                                Gordon Akman
                                                Location
                                                Broadbeach
                                                Date and time
                                                February 25, 2014, 1:57PM
                                              • Also out at 9% not bad in 3 weeks - cant see it going much higher

                                                Commenter
                                                Pete the Pom
                                                Location
                                                Melbourne
                                                Date and time
                                                February 25, 2014, 2:56PM
                                            • Mark Bouris: "There is no property bubble, there is no property bubble, there is no property bubble, there is no property bubble"

                                              There's a bubble.

                                              Commenter
                                              Allan
                                              Location
                                              Prahran
                                              Date and time
                                              February 25, 2014, 11:14AM
                                              • According to the Sage of Prahran, house prices have been falling in real terms for some time and there is a housing bubble.

                                                This is like arguing the tide is going out and coming in at the same time.

                                                Commenter
                                                Bam Bam
                                                Location
                                                Bedrock
                                                Date and time
                                                February 25, 2014, 11:37AM
                                              • Interesting is it not that every body says there is no housing bubble. I wonder how do you know if there is a bubble? Well, one way which I think is a great way to view it is, looking at how much you need to earn to be able to afford to buy a property. Say for instance buying in Sydney with median prices of around $700k. How much do you need to earn to be able to afford to buy? Historically, dwellings were selling for around 4 times earnings. You will need to have an income of around $175k to afford to buy in Sydney. It does not matter if you take one single income or dual incomes, the Sydney market is brutally unaffordable and over valued on this measure.

                                                Commenter
                                                Viking
                                                Location
                                                Sydney
                                                Date and time
                                                February 25, 2014, 11:40AM
                                              • Mark Bouris is full of great ideas!
                                                "Lets loosen mortgage requirements... who really needs a full time job?"
                                                and,
                                                "Maybe those kids should use their super for deposits!"

                                                Commenter
                                                Pete
                                                Location
                                                Perth
                                                Date and time
                                                February 25, 2014, 1:47PM
                                            • Should be able to pick Graincorp up for under $5 soon. Pollyannas belted.

                                              Commenter
                                              Allan
                                              Location
                                              Prahran
                                              Date and time
                                              February 25, 2014, 11:11AM
                                              • "the widely expected decline seems to have set in this year. Prices are forecast to continue falling, as large scale iron ore export operations begin to flood the market with supply"

                                                Housing boom!

                                                Commenter
                                                Allan
                                                Location
                                                Prahran
                                                Date and time
                                                February 25, 2014, 11:09AM
                                                • "No end to the bull run on Wall Street, as the S&P 500 hit a record intraday high,"

                                                  Welcome to the second US century.

                                                  China meanwhile still doesn't trust its own citizens to vote and has Liu Xiaobo, a Nobel Peace Prize laureate in prison.

                                                  Commenter
                                                  Allan
                                                  Location
                                                  Prahran
                                                  Date and time
                                                  February 25, 2014, 11:07AM
                                                  • "Worth keeping an eye on iron ore miners today, after the price of the bulk commodity fell below the level of $US120 a tonne for the first time since July, raising fears the floodgates may have opened for a sharper drop."

                                                    It's inevitable.

                                                    Where are we on the resources boom/bust cycle?

                                                    http://www.macrobusiness.com.au/wp-content/uploads/2011/03/200-Years-of-commodity-booms-busts2.gif

                                                    Commenter
                                                    Allan
                                                    Location
                                                    Prahran
                                                    Date and time
                                                    February 25, 2014, 11:04AM
                                                    • Do you like this one too Allan?

                                                      "Markets Live: ASX hits 2008 highs"

                                                      Commenter
                                                      polly..anna
                                                      Location
                                                      go..anna
                                                      Date and time
                                                      February 25, 2014, 11:03AM
                                                      • Sideways for 6 years. Hurrah!

                                                        Oh and discount for inflation it still has another 15% to go. Sorry.

                                                        Commenter
                                                        Allan
                                                        Location
                                                        Prahran
                                                        Date and time
                                                        February 25, 2014, 11:27AM
                                                    • Buy shares in Liebral party manure!!!,you're bound to make a huge profit!!

                                                      Commenter
                                                      Steeden
                                                      Location
                                                      Ballina
                                                      Date and time
                                                      February 25, 2014, 10:57AM
                                                      • Tox free solutions report tomorrow, could be a play

                                                        Commenter
                                                        BoB
                                                        Location
                                                        Franga
                                                        Date and time
                                                        February 25, 2014, 11:28AM
                                                      • No thanks, that stuff is just full of environmental pests.

                                                        Commenter
                                                        mitch of ACT
                                                        Date and time
                                                        February 25, 2014, 11:41AM
                                                      • @ mitch - you always need to be careful of parasites when it comes to faeces.

                                                        Commenter
                                                        Oh_Mighty_Zeus
                                                        Location
                                                        Olympus
                                                        Date and time
                                                        February 25, 2014, 12:13PM
                                                    • World bank chief says no way back on bank regulations so wealth management must have a greater role in funding infrastructure.

                                                      So glad I'm glad in a SMSF, no way my super $ will disappear down a great big overcapitalized tunnel. The track record is to wait for the realization of no light at the end of the tunnel before investing in the sale of assets at reduced prices.

                                                      Commenter
                                                      nolongerconfused
                                                      Date and time
                                                      February 25, 2014, 10:56AM
                                                      • It now looks like the iron ore price is on a strong trajectory downwards. With the over production of apartments in China and the Chinese Government focus on reducing pollution by reducing steel production, as well as significantly increased production and hence over supply of iron ore in the world, be prepared for prices falling quickly. In conjunction with this expect the $A to fall in parallel with the iron ore price. In addition, prices of dwellings in China appears to have topped so expect this to be on a down trend soon as well. All, in all falling dwelling prices in China, falling price of iron ore and falling $A will create the perfect storm in Oz.

                                                        Commenter
                                                        Viking
                                                        Location
                                                        Sydney
                                                        Date and time
                                                        February 25, 2014, 10:54AM
                                                        • The falling Oz Dollar will take some of the pain away of the lower iron ore price. The big 3 miners will still be insanely profitable as they are right a the low end of the cost curve at around $25-$35 per tonne cash cost. They just won't make as much money.

                                                          Commenter
                                                          Investor
                                                          Date and time
                                                          February 25, 2014, 11:02AM
                                                        • no clue.

                                                          Commenter
                                                          Sullys Foot is Down
                                                          Location
                                                          South Freo
                                                          Date and time
                                                          February 25, 2014, 11:12AM
                                                        • St George Bank this morning that China's house prices rose again in January to give an annual increase of 9.6%

                                                          Commenter
                                                          BigKev
                                                          Location
                                                          Caringbah,NSW
                                                          Date and time
                                                          February 25, 2014, 11:48AM
                                                        • Your AUD savings are safer in BTC

                                                          Commenter
                                                          Pete
                                                          Location
                                                          Perth
                                                          Date and time
                                                          February 25, 2014, 3:08PM
                                                      • Man! someone place explain to me how/why REA is worth $50.
                                                        thanks.

                                                        Commenter
                                                        no banks .. no party!
                                                        Date and time
                                                        February 25, 2014, 10:53AM
                                                        • The worth and what pollyannas pay are two different things.

                                                          Commenter
                                                          Allan
                                                          Location
                                                          Prahran
                                                          Date and time
                                                          February 25, 2014, 11:02AM
                                                        • Pick a number between 1 and 10 double it add 100 halve it and take away the number you first thought of and you'll probably get 50. otherwise no idea. What about XRO same thing.

                                                          Commenter
                                                          Jack
                                                          Location
                                                          Sydney
                                                          Date and time
                                                          February 25, 2014, 11:15AM
                                                        • Because that's what mug punters are willing to pay for fear of missing out.

                                                          Commenter
                                                          mitch of ACT
                                                          Date and time
                                                          February 25, 2014, 11:20AM
                                                        • yep

                                                          Commenter
                                                          no banks .. no party!
                                                          Date and time
                                                          February 25, 2014, 11:47AM
                                                      • The comment at 9:29am on the US market overnight: "We’re just seeing a shift in mentality,’’ said Mark Freeman, chief investment officer at Westwood Holdings Group. The market is really willing to focus on the positives and dismiss the negatives. In that environment, the market tends to drift higher.’’ I've been noticing the tendency to dismiss negatives in the commentary on CNN Money about the US markets. Those negatives are piling up but being ignored. When reality hits, and it must any day now, we'll probably have the worst trading day(s) in 6 months in the US and then here. Keep your powder dry. The markets have become too expensive for what's on offer now but that will soon change.

                                                        Commenter
                                                        mitch of ACT
                                                        Date and time
                                                        February 25, 2014, 10:52AM
                                                        • Yawn...market is boring.

                                                          In other news Scott Morrison admits to misleading the public over the death of an asylum seeker.

                                                          No Scott, they are not illegal migrants, they are human beings. It is illegal however for your agents to drag an asylum seeker out of his hut and unlawfully kill him.

                                                          Scott Morrison has to go. He should then face charges of inciting the attack on unarmed, defenceless asylum seekers.

                                                          Commenter
                                                          Allan
                                                          Location
                                                          Prahran
                                                          Date and time
                                                          February 25, 2014, 10:49AM
                                                          • Numpty. And I don't mean Scott Morrison

                                                            Commenter
                                                            Skewed to the right
                                                            Date and time
                                                            February 25, 2014, 11:02AM
                                                          • Thank Walter Croncite! Thanks for that tremendously boring news update. By the way you have miraculously convinced me to vote for what ever political party you vote for, well done Walter..... well done good Sir!

                                                            Commenter
                                                            Big Fan of
                                                            Location
                                                            Walter Croncite
                                                            Date and time
                                                            February 25, 2014, 11:08AM
                                                        • Anybody know when NWH is going to report? I thought it was going to be last week, but nothing apparent.

                                                          Commenter
                                                          Chumlee
                                                          Date and time
                                                          February 25, 2014, 10:48AM
                                                          • Well, we will have a mini correction of 200 points of so over the next 5 to 10 trading days. I would not be buying right now, that is for sure. Best wait another 10 trading days.

                                                            Commenter
                                                            Tony L
                                                            Location
                                                            Melbourne
                                                            Date and time
                                                            February 25, 2014, 10:44AM
                                                            • Yes, something is intuitively telling me not to join the feeding frenzy and buy at the moment. A time to sit tight I think.

                                                              Commenter
                                                              Grinch
                                                              Date and time
                                                              February 25, 2014, 11:06AM
                                                            • You could always short the index....

                                                              Commenter
                                                              mirage
                                                              Date and time
                                                              February 25, 2014, 11:58AM
                                                          • Joe Hockey did ADM a favour with Graincorp. It should have been obvious that the impending drought, which will only get worse as we move into an El-Nino weather pattern, will cut production. If the grain handlers are taking a hit from the drought then I would expect those at the beginning of the grain growing process, the fertilizer & farm chemical manufacturers, to take a hit as well. Of course there haven't been many cyclones so far this season and those eastern oceans are pretty hot. Cyclonic rains will end any drought but then it will be too wet to plant. If you're a farmer, you can't win.

                                                            Commenter
                                                            mitch of ACT
                                                            Date and time
                                                            February 25, 2014, 10:44AM
                                                            • "I said on these pages after Holden was told to get lost by this "job friendly" govt that Toyota was next then Qantas for major job losses". Was that you who said that? I thought it was a cut and paste from the ALP website. Never read anything so ridiculous in my life. Mitch if you'd ever actually worked outside the public service and knew that businesses don't make such dramatic decisions overnight on a change of government, you wouldn't write such ridiculous stuff. Leave the ALP propaganda for the federal politics section.

                                                              Commenter
                                                              Kane
                                                              Date and time
                                                              February 25, 2014, 10:41AM
                                                              • Poor Kane, how is he going to cope with the next 2 and a half wasted years as major job losses are announced week after week while the gov't stands by content to let a huge pool of unemployed to accumulate to drive down wages and conditions. Work Choices by the back door.

                                                                Commenter
                                                                mitch of ACT
                                                                Date and time
                                                                February 25, 2014, 11:10AM
                                                              • Here Here!

                                                                Commenter
                                                                Yup
                                                                Location
                                                                He said it.....
                                                                Date and time
                                                                February 25, 2014, 11:10AM
                                                              • You're right Kane. This is the result of nearly two decades of bi-partisan housing bubble policy. This, housing boom subsidisation has driven up all our costs, undermined productivity and now is destroying our industrial base. The post GFC Chinese infrastructure boom merely prolonged it. It wrecked Ireland and Spain, which in the late 90s still had perfectly solid economies. Now we look likely to be flooded by rich Chinese RE money because Canada realised the damage they were doing to their society and slammed the door. Only God knows where this mess is going to end.

                                                                Commenter
                                                                Jim
                                                                Date and time
                                                                February 25, 2014, 11:15AM
                                                            • I worked at the a dairy farm once, pretty sure it employed about 30-40 people. Well that got shut down and we all lost our jobs to make way for a horse racing facility. Glad I'm not a farmer anymore though..... not sure what the point of this story is......oh well, I'm happy working where I am now. Although I am thinking of changing jobs again soon.....hmmmmm

                                                              Commenter
                                                              I ain't no
                                                              Location
                                                              chicken little!
                                                              Date and time
                                                              February 25, 2014, 10:41AM
                                                              • Check out the submissions to the Affordable Housing inquiry. They'll be ignored because it's pretty much all we have left. Particularly the fantastic submission by Saul Eslake.

                                                                http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/Affordable_housing_2013/Submissions

                                                                Commenter
                                                                JohnBB
                                                                Date and time
                                                                February 25, 2014, 10:40AM
                                                                • QBE annual report under non executive directors states :

                                                                  "Non-executive director remuneration reflects QBE’s desire to
                                                                  attract,motivate and retain
                                                                  independent experienced
                                                                  directors and to ensure
                                                                  their active participation
                                                                  in the Group’s affairs
                                                                  for the purposes of
                                                                  corporate governance,
                                                                  regulatory compliance
                                                                  and other matters."

                                                                  So they mean if we don't give the Chairman US667,000 per annum he will take no interest in the running of the company. Nothing about ethics or doing the right thing here just "Show me the money". Nothing also about what happens to their remuneration if we lose lots of money due to bad management and incompetence.

                                                                  No paragraph on this matter to be found in 194 pages of "gloss".

                                                                  Commenter
                                                                  Harry Rogers
                                                                  Date and time
                                                                  February 25, 2014, 10:38AM
                                                                  • @Harry. Howard fixed it. Share holders can vote to kick them out. Has it ever happened? Of course not. It was just another scam to appease a dumb electorate..

                                                                    Commenter
                                                                    JohnBB
                                                                    Date and time
                                                                    February 25, 2014, 10:53AM
                                                                • TSE --- one time hit? LOL

                                                                  Commenter
                                                                  BMNG
                                                                  Date and time
                                                                  February 25, 2014, 10:37AM
                                                                  • You'd have to predict greater downside risk following the imminent TSE results. Long term the detention centre work might save the company. But just my instincts.

                                                                    Commenter
                                                                    YIn or yang
                                                                    Date and time
                                                                    February 25, 2014, 10:54AM
                                                                  • I see the SP is already softening after yesterdays temporary euphoria. The company has some deep problems that will be difficult to overcome. Their results on Thursday will be enlightening. I will be turning with interest straight to the Current Liabilities and cashflow numbers. I suspect they'll be ugly but hey, I've been wrong before.

                                                                    Commenter
                                                                    Grinch
                                                                    Date and time
                                                                    February 25, 2014, 11:48AM
                                                                • missed RIO @ 68.85 drat
                                                                  try again but might hold for sub 69.00
                                                                  iron ore price swing didnt effect like USA market -1.4%...gotta get a piece of that juicy divd.

                                                                  Commenter
                                                                  BearShapedBull
                                                                  Location
                                                                  MugPunters Lounge
                                                                  Date and time
                                                                  February 25, 2014, 10:37AM
                                                                  • To state the obvious - if the iron ore price were to continue to fall, all of these producers will get cheaper. I've cancelled my MGX buy order.

                                                                    Commenter
                                                                    YIn or yang
                                                                    Date and time
                                                                    February 25, 2014, 10:56AM
                                                                  • in @ 68.62 went down to the wire....

                                                                    Commenter
                                                                    BearShapedBull
                                                                    Location
                                                                    MugPunters Lounge
                                                                    Date and time
                                                                    February 25, 2014, 4:29PM
                                                                • QandA last night. Gone are the inane questions re Gillards clothes. The electorate want to know where's the plan? Most Q's came back to what's next? Ged gave some incoherent stuff about education (educated on the dole?). LNP have no plan either. Panic will soon start. We are going broke; most people with a brain have worked it out, and neither party has any idea how to deal with it. How do you make big decisions to fix 30 years of disastrous policy and stay in power? Impossible. There will be no solutions to anything until we hit rock bottom and of course then it's too late.

                                                                  Commenter
                                                                  JohnBB
                                                                  Date and time
                                                                  February 25, 2014, 10:36AM
                                                                  • scary but true

                                                                    Commenter
                                                                    Sullys Foot is Down
                                                                    Location
                                                                    South Freo
                                                                    Date and time
                                                                    February 25, 2014, 10:49AM
                                                                  • Is the sky falling? @johnBB

                                                                    Commenter
                                                                    I ain't no
                                                                    Location
                                                                    chicken little!
                                                                    Date and time
                                                                    February 25, 2014, 10:51AM
                                                                • Bought back into AWE at $1.47 on the back of the 1H14 results. Look good to me but the market seems indifferent.

                                                                  Commenter
                                                                  Yin or yang
                                                                  Date and time
                                                                  February 25, 2014, 10:34AM
                                                                  • AWE is a bit of a teaser stock at the moment @Yin or yang. I will play the waiting game, have orders in at $1.425 an $1.415 at the moment. This price should be higher but it needs to break through $1.50 before I will have any great confidence in it. If the index drops sharply at some time today I still may be a chance to get in below today's low. Good luck with your buy.

                                                                    Commenter
                                                                    "P" Plater
                                                                    Location
                                                                    Tassie
                                                                    Date and time
                                                                    February 25, 2014, 10:57AM
                                                                  • @ P plater. Your buy orders were filled. Disconcerting when SP drops immediately after you purchase. Results still look good to me but the market thinks otherwise. Production, revenue, cash flow all up significantly. Healthy cash reserves. ,

                                                                    Commenter
                                                                    Yin or yang
                                                                    Date and time
                                                                    February 25, 2014, 12:11PM
                                                                • Ring the bell!

                                                                  Commenter
                                                                  King
                                                                  Location
                                                                  of Kingsgate
                                                                  Date and time
                                                                  February 25, 2014, 10:29AM
                                                                  • buy 2038 MXI @ 1.17

                                                                    Commenter
                                                                    BearShapedBull
                                                                    Location
                                                                    MugPunters Lounge
                                                                    Date and time
                                                                    February 25, 2014, 10:24AM
                                                                    • What's the good oil?

                                                                      Commenter
                                                                      Navy
                                                                      Location
                                                                      Navy
                                                                      Date and time
                                                                      February 25, 2014, 1:14PM
                                                                    • dividend FF ^6% some upside in SP rose 2.75% today.,report looked ok,bout it,swapping $ from TLS sale y/day into divd stocks,got SKI y/day spent rest on MXI,may plummet now i hold but....
                                                                      pls understand i post my trades as an indicator of where i choose to invest,any followers its at your own peril remember.

                                                                      Commenter
                                                                      BearShapedBull
                                                                      Location
                                                                      MugPunters Lounge
                                                                      Date and time
                                                                      February 25, 2014, 4:26PM
                                                                  • shorters MIA?...again!
                                                                    oh well.

                                                                    Commenter
                                                                    no banks .. no party!
                                                                    Date and time
                                                                    February 25, 2014, 10:16AM
                                                                      • ..shorters in hiding..licking their wounds -- oops they missed the party!! LOL.

                                                                        Commenter
                                                                        bearly_there
                                                                        Location
                                                                        Sunny Melb (near where Allan lives)
                                                                        Date and time
                                                                        February 25, 2014, 11:05AM
                                                                    • QBE:
                                                                      "taken significant steps to re-position and right-size underperforming businesses"

                                                                      What the heck does this mean? he must have went to the same English school as Cameron Clyne.

                                                                      Did he "wrong-size" all these businesses?

                                                                      Commenter
                                                                      Harry Rogers
                                                                      Date and time
                                                                      February 25, 2014, 10:14AM
                                                                      • Hehe! 'right size' is another word for cost cutting. Cameron Clyne uses it all the time at NAB.

                                                                        Commenter
                                                                        Viking
                                                                        Location
                                                                        Sydney
                                                                        Date and time
                                                                        February 25, 2014, 10:41AM
                                                                      • Company grew internationally by under pricing the risks they were taking on. For a time they got lucky. Now they're being found out by that global warming they didn't price in. Only option, cost cutting but they shamelessly demand huge sums for their neglect. Typical of most Australian business management. Not worth a brass razoo.

                                                                        Commenter
                                                                        Jim
                                                                        Date and time
                                                                        February 25, 2014, 12:27PM
                                                                    • Today will be the market high for this year. I predict we will end down by at least 50 points today

                                                                      Commenter
                                                                      arbinater
                                                                      Location
                                                                      melbourne
                                                                      Date and time
                                                                      February 25, 2014, 10:14AM
                                                                      • Sorry but I have to laugh at this post. What is the point of your tarot card prediction?

                                                                        Commenter
                                                                        Confused
                                                                        Location
                                                                        ROFLMAO
                                                                        Date and time
                                                                        February 25, 2014, 10:35AM
                                                                      • Well, we will have a mini correction of 200 points of so over the next 5 to 10 trading days. I would not be buying right now, that is for sure. Best wait another 10 trading days.

                                                                        Commenter
                                                                        Tony L
                                                                        Location
                                                                        Melbourne
                                                                        Date and time
                                                                        February 25, 2014, 10:41AM
                                                                      • What are you talking about?!

                                                                        Commenter
                                                                        Huh/
                                                                        Location
                                                                        Sydney
                                                                        Date and time
                                                                        February 25, 2014, 10:41AM
                                                                    • good day for goldies....qbe look out below.

                                                                      Commenter
                                                                      BearShapedBull
                                                                      Location
                                                                      MugPunters Lounge
                                                                      Date and time
                                                                      February 25, 2014, 10:07AM
                                                                      • has the housing bubble burst yet ?

                                                                        Commenter
                                                                        Hugo
                                                                        Date and time
                                                                        February 25, 2014, 9:22AM
                                                                        • not in my suburb of Moe..phew

                                                                          Commenter
                                                                          numpty shorter
                                                                          Location
                                                                          ex prahran
                                                                          Date and time
                                                                          February 25, 2014, 9:29AM
                                                                        • I hope so. It's all relative anyway if you don't have a mortgage. If prices plummet it will affect the house I want to buy as much as the one I want to sell. The difference will be in the State Govt stamp duty which will reduce if the value is lower. All good.

                                                                          Commenter
                                                                          Grinch
                                                                          Date and time
                                                                          February 25, 2014, 9:55AM
                                                                        • Not today good Sir, maybe tomorrow?

                                                                          Commenter
                                                                          not
                                                                          Location
                                                                          today
                                                                          Date and time
                                                                          February 25, 2014, 10:14AM
                                                                        • Have you seen your shadow?

                                                                          Commenter
                                                                          It's like Groundhog Day,
                                                                          Location
                                                                          I hate that movie!
                                                                          Date and time
                                                                          February 25, 2014, 10:15AM
                                                                        • Depends on your suburb. Take Alice Springs for example. Property prices always remain high due to all the surrounding land being aboriginal owned and rarely (if ever) new land is released for housing developments. Demand remains high, supply always remains low. It essentially creates quite a high price floor under housing. If housing market does go belly up, or turn for the negative, the repercusions in Alice Springs price wise will be affected very little.

                                                                          Commenter
                                                                          Investor
                                                                          Date and time
                                                                          February 25, 2014, 10:25AM
                                                                        • Yes, Hugo it just has....hurry and don't miss out...two for the price of one...hurry.
                                                                          Patience pays, now you'll have a roof over your head, eventually.

                                                                          Commenter
                                                                          Real Estate Agent
                                                                          Location
                                                                          Sydney
                                                                          Date and time
                                                                          February 25, 2014, 10:29AM
                                                                        • I wish. When did Dent predict it was going to go belly up?

                                                                          Commenter
                                                                          Sarah from Carnegie
                                                                          Date and time
                                                                          February 25, 2014, 10:30AM
                                                                        • Been waiting 5 years for the promised bubble to burst. Prices have risen 25%. Sadly we need much higher unemployment to burst this bubble.

                                                                          Commenter
                                                                          FHB
                                                                          Date and time
                                                                          February 25, 2014, 10:37AM
                                                                        • There will not be any 'crash' and certainly not any bubbles...this is where most people get it wrong. NO, but there will be a massive Transfer, yes property transfer to the hundred of millions of incoming Chinese...I know it, you know it, we all know it...acceptance is bliss. I have accepted this fact and moved on...

                                                                          Commenter
                                                                          Realist
                                                                          Location
                                                                          Sydney
                                                                          Date and time
                                                                          February 25, 2014, 10:45AM
                                                                        • The China boom saved our bubble from the GFC. Now that Canada has slammed the door on the rich Chinese, there's going to be a tsunami of money heading towards our RE market. Perhaps the revolution down the track people were joking about recently is not so an unreal possibility in the long run after all.

                                                                          Commenter
                                                                          Jim
                                                                          Date and time
                                                                          February 25, 2014, 10:56AM
                                                                        • Gotta love you australian property shills and spruikers. They're everywhere.

                                                                          Commenter
                                                                          Pete
                                                                          Location
                                                                          Perth
                                                                          Date and time
                                                                          February 25, 2014, 1:52PM
                                                                      • So, QBE result.... Buy / Sell / Hold? I bought in when they dived to $11 but interested in the wisdom (or otherwise) of the friendly forum folk

                                                                        Commenter
                                                                        ExJayOh
                                                                        Location
                                                                        Cyberspace
                                                                        Date and time
                                                                        February 25, 2014, 9:21AM
                                                                        • I am in at $10.20ish.
                                                                          Given the lack of surprises in the announcement it should be an ok day.
                                                                          Additionally the positive commentary should assist. But...we'll see.
                                                                          Adam

                                                                          Commenter
                                                                          adam
                                                                          Date and time
                                                                          February 25, 2014, 9:58AM
                                                                        • QBE shares not worth a cent over $5....just wait....even then they're fully valued.

                                                                          Commenter
                                                                          no banks .. no party!
                                                                          Date and time
                                                                          February 25, 2014, 10:07AM
                                                                        • IAG a very good buy.

                                                                          Commenter
                                                                          no banks .. no party!
                                                                          Date and time
                                                                          February 25, 2014, 10:09AM
                                                                        • QBE is likely to follow market sentiment today as the result is pretty close to what was announced a while ago. It didn't surprise up or down. I expect it to hang around yesterday's close, and may drift up a few cents.

                                                                          Commenter
                                                                          Calculator
                                                                          Date and time
                                                                          February 25, 2014, 10:11AM
                                                                        • Sad downhill journey since Aug 31st 07'. A few bumps along the road. I sold my last lot last July for $16.40 odd. I'm seeing one strong buy recommendation, one moderate and two holds. With Final Dividend of 12 cents and previous 20 cents at current valuation worth about 2.75% for year Franked. Just been a sad story but results in line with expectation so holding up there. Forward outlook for me a is problem though.
                                                                          Cheers

                                                                          Commenter
                                                                          Optimist
                                                                          Location
                                                                          Hi
                                                                          Date and time
                                                                          February 25, 2014, 10:12AM
                                                                      • Reports from Europe signal an enquiry into the fixing of Gold prices by the banks who set Gold pricing on their twice daily phone conferences. This could add to the reversal of the shorts on Gold as they realized they were coming under investigation. With the hedge funds now going long Gold may rocket upwards, SBM, AQG, NCM & NST now look way, way over sold. Significant opportunity for big gains ahead. What else goes on in the markets that honest investors don't know?

                                                                        Commenter
                                                                        repoman
                                                                        Location
                                                                        Dorrigo NSW
                                                                        Date and time
                                                                        February 25, 2014, 9:21AM
                                                                        • Qantas to slash 5,000 jobs
                                                                          Housing Boom

                                                                          Commenter
                                                                          Peter the Pom
                                                                          Location
                                                                          Melbourne
                                                                          Date and time
                                                                          February 25, 2014, 9:16AM
                                                                          • Allan? Is that you?

                                                                            Commenter
                                                                            Peter
                                                                            Location
                                                                            ..the Pom?
                                                                            Date and time
                                                                            February 25, 2014, 10:12AM
                                                                          • QAN to slash 5000 jobs or to replace a good number with lower-paid foreign crews. I said on these pages after Holden was told to get lost by this "job friendly" govt that Toyota was next then Qantas for major job losses. Look around for other major employers and that's where you will see likely significant job cuts, eg the banks and Telstra. If the gov't doesn't encourage local jobs then it will be paying out a fortune of your money in unemployment benefits and losing the taxes on those wages. That's a great way to cut the deficit..

                                                                            Commenter
                                                                            mitch of ACT
                                                                            Date and time
                                                                            February 25, 2014, 10:14AM
                                                                          • @10.16 comment Improving markets in NSW and SE Qld....boom times ahead.

                                                                            Commenter
                                                                            BearShapedBull
                                                                            Location
                                                                            MugPunters Lounge
                                                                            Date and time
                                                                            February 25, 2014, 10:27AM
                                                                          • 5,000 more Accountants...and/or Lawyers.
                                                                            Fantastic opportunities in this wonderful country.

                                                                            Commenter
                                                                            Mack
                                                                            Location
                                                                            Sydney
                                                                            Date and time
                                                                            February 25, 2014, 10:31AM
                                                                        Comments are now closed