Business News
INSIDE MARKETS
Australian stocks close lower
The Australian market has closed around half a per cent lower, dragged down by weakness among the banks and industrial stocks. CMC Markets trader Ben Taylor said the local market finished in negative territory, following weak global leads. He said markets were anticipating that US Federal Reserve chairman Ben...read more >
US stocks dip despite M&A activity
US stocks have slipped despite a flurry of merger and acquisition news this week. Investors are also looking ahead to Federal Reserve...read more >
Australian stocks close higher
Australian stocks closed stronger, pushing above one per cent during the day but eased to around half a per cent higher by the finish....read more >
Australian shares close higher
The Australian share market closed higher on Friday, led by investors picking up cheaper mining stocks after heavy selling in recent...read more >
THE DAILY WORD with Peter Switzer
Dow to reach 20,000 – can you believe it?
Could the Dow Jones — the most looked at stock market index in the world — really make the 20,000-level in this bull market? I know it’s an outlier prediction and it has been made by a guy who cops a bit of flak for being an optimist, but Clifford Bennett of the White Crane Group has got a lot of his big calls right since March 2009. Bennett repeated his big, no,... read more >
It’s not All Too Hard, it’s More Joyous!
Wall Street hit new record highs and consumer sentiment spiked incredibly higher over the weekend, which moves us closer to a time when...read more >
Abbott deserves a Tony Award for that speech!
The Abbott reply to the Budget has cut the ribbon on a four month election campaign but if the Opposition leader can maintain the...read more >
When do we dump stocks?
Despite some challenges overnight on Wall Street, again the Yanks have finished in positive territory. So, what gives with this...read more >
Abbott’s budget reply: is he really trapped?
When the Treasurer let us know that the promised surplus of $1.5 billion ended up being a $19.4 billion deficit, and this will be...read more >
Budget 2013: what are the real issues?
I know the normal person cares about the hip-pocket effect of the Budget and there will be plenty of coverage of those dramatic issues in...read more >
Labor’s trap for Tony Abbott
The Gillard Government in its third Budget and its Treasurer’s sixth economic effort has come up with a political document, just...read more >
Call me irresponsible - should this be Swan's Budget song?
Last year Treasurer Wayne Swan was too responsible and was tricked by Treasury’s less than accurate forecasts for economic growth...read more >
The Budget – what has been leaked?
It’s leak time — that’s what the weeks and days before the Budget have become as the propaganda experts try to massage...read more >
A lame duck Budget ahead
Thank God Wall Street continues to keep my optimistic fires burning with another day of no big sell-offs, which means what we’re...read more >
We need to talk – this is important
I noticed that the guy who was credited for picking the crash of 2007, Nouriel Roubini, has now changed his recent warning tone about...read more >
Ignore idiot commentators – they’re wealth hazards!
Please don’t listen to those commentators in ivory towers who try to tell you that the Reserve Bank (RBA) got it wrong yesterday...read more >
The RBA is a wrecker! It needs to cut!
Over on Wall Street the Yanks are hitting all-time highs but here we’re still some 1600 points off the levels we last saw on 1...read more >
Good US news and stocks rise – what?
The local market makers are going to find it hard to sell stocks today after Wall Street responded very positively to better than...read more >
Buy in May and stay baby, stay
Okay, the history of Wall Street points to the market maxim 'sell in May and go away' as being historically reliable, but with the Dow up...read more >
Selling on May 1 – Surprise! Surprise!
Day one in May in the USA and the selling has started, but will the key market players go away? Economic data could determine it and the...read more >
Let's test May
It’s May 1 here, but it’s still April in the USA, and once again Tuesday has brought another up day — there...read more >
Super day on Wall Street – can it last?
Good news kept the Yanks positive on Wall Street with the S&P 500 dancing in record high territory again. Helping the positivity was...read more >
It’s nearly May – run away?
May is looming and regular readers know I often make reference to the old market maxim — sell in May and go away. It often works...read more >
The zombie rally
Wall Street has done it again – up again – but could this become a zombie rally? The word “zombie” has become...read more >
Beware twits and tweets!
The Dow had another great day, despite all of the China-linked negativity around last week, but there was a short sell-off when some...read more >
Screw austerity. Spend baby spend
With Wall Street not giving strong messages for investors, I want to shine the spotlight on one of the world’s smartest investors...read more >
What’s going on with markets?
What happened to the China fears that were supposedly hurting stocks last week? Behind the sell-off was weaker than expected economic...read more >
How low can it go?
It’s been a long time coming but volatility is here, coincidentally as the old “sell in May and go away” test looms....read more >
Volatility here we come
Here we go again with material stocks copping it and some ordinary earnings spooking Wall Street. So, what’s new? The strategy has...read more >
Tolstoy’s tips for stocks
Yesterday it was doom and gloom on Wall Street, but predictably dip buyers and the smarties have come back buying stocks overnight. And...read more >
Will May lead to a sell off?
Stock markets dropped overnight with the S&P 500 down over two per cent and it coincides with that period — May — which...read more >
Can we buy these Gillard gifts?
Lately our PM, Julia Gillard, is giving so much away. There’s $14 billion for better schooling, a very fast train, $1 billion for...read more >
Yanks positive but we’re going negative
Wall Street had another reinforcing day for the rally with a good jobless claims report helping enthusiasm for being long stocks....read more >
Will nothing kill this rally?
The US rally got serious overnight with the lagging Nasdaq index hitting a 12-year high and the Dow and S&P 500 once again breaking...read more >
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