Re: So, forum financial gurus...

[JGK]

To be fair, Seppo car manufacturers have been crap at working with Unions but great at extracting government assistance all over the world since WWII.

It's their MO.

[skully]

Too true.

[JGK]

Market up 2% today!

[taipan]

Market up 2% today!

Produce Market?

[skully]

I wasn't game, for fear of woofing the little bleeder. But MrK has done the deed so...

[skully]

Git up there, ya little champ!! Another 1.2% today!!  

[skully]

I think I can, I think I can.   

[skully]

Up and down like a whore's drawers.

I reckon it'll continue to do this for the first half of the year before heading solidly north.

[JGK]

Ashes win points to big innings for ASX




DateApril 2, 2014 - 2:06PM





Bianca Hartge-Hazelman

Bets are on that Australia's home win in the Ashes cricket this year could be a sign that the country's shares could smash it out of the park in the months ahead.

Analysts at foreign exchange and derivatives provider IG, who have examined how cricket results have influenced stock markets in Australia and England over the past 13 Ashes series, expect the Australian market to rally to about 5949 points in the next six months because of the recent win.
This figure is within the realm of expectations of the more bullish equities forecasters, who expect Australia's main benchmark, the S&P/ASX 200, to rise to between 5800 and 6000 points by the year's end.
The gains are based on IG analysis which found that the sharemarkets of the victorious side experienced an average gain of about 10 per cent in the six months after the Ashes win, but also that a defeat had little impact on sharemarket returns.




Other key points from the analysis are:
■ The average ASX rise is about 8.65 per cent after an Australian win in Australia, than after an Australian win in England at 4.46 per cent.
■ The ASX 200 rises only about half as much after an Australian win than London's main benchmark, the FTSE 100, following an English victory.
■ The biggest sharemarket increases were experienced after England's win in 1987 and Australia's triumph in 1995, when the FTSE 100 and the ASX 200 rose by 34 per and 18 per respectively.
■ Australia has won more series than England over the past 20 years, but their victories seem to have less impact on investor confidence – the average ASX 200 performance following an Australian triumph is about half that of the FTSE 100's 14 per cent gain achieved after an English win.
■ The average ASX 200 gain following Australian wins Down Under was 9 per cent – double that for victories in England. In contrast, English victories in Australia were associated with average FTSE 100 rises of 17 per cent, which is 7 per cent more than for series triumphs on home turf.
■ The IG research found that Ashes defeats had little effect on sharemarkets, which indicates that risk appetite, while enhanced by sporting victory, is not much changed by failure on the field.
Commenting on the results, IG London-based analyst Chris Beauchamp, who conducted the research, said: "The findings show that Ashes victories can act as a powerful boost to risk appetite, as there's a clear correlation between success on the pitch and better stock market performances.
"Fortunately, the regularity of Ashes tests means that we have a reasonably broad set of data to examine, whereas for World Cups there is limited data, both in terms of contests and stock market numbers."
The England win in Australia of 1987 was found to be particularly interesting, because the 34.3 per cent return is the strongest, but also because the year also contains the "Black Monday" crash, indicating that exiting the market after the strong gains following that year's Ashes series would have been a very prudent course.
"The link between stock markets and sports victories has been explored before, but the results from the data we have looked at are particularly startling," said Mr Beauchamp. "Correlation is, as the saying goes, not causation, but it is an important illustration of how sentiment can drive risk appetite."


Read more: http://www.smh.com.au/business/markets/ashes-win-points-to-big-innings-for-asx-20140402-35xya.html#ixzz2xhMGJloo

[horace]

yes...I saw that...hope for England's sake, investment confidence there is not related to their cricket team's performance...with an Ashes whitewash, internal dissension, the imminent appt of Giles as coach and the clogging they received from the Dutchies, confidence may not be skyhigh

[JGK]

You also hope that it isn't linked to their performance in the Soccer World Cup.

[horace]

hehehehe....are you suggesting it is time to sell pommy stock and rebuy at bargain rates after the world cup

[embee]

He's suggesting that a lot of companies will be eliminated on penalties in the quarters

[skully]

Ashes win points to big innings for ASX

Bets are on that Australia's home win in the Ashes cricket this year could be a sign that the country's shares could smash it out of the park in the months ahead.

Analysts at foreign exchange and derivatives provider IG, who have examined how cricket results have influenced stock markets in Australia and England over the past 13 Ashes series, expect the Australian market to rally to about 5949 points in the next six months because of the recent win.

Now this would be grouse.

[G.Wood]

Ashes win points to big innings for ASX

Bets are on that Australia's home win in the Ashes cricket this year could be a sign that the country's shares could smash it out of the park in the months ahead.

Analysts at foreign exchange and derivatives provider IG, who have examined how cricket results have influenced stock markets in Australia and England over the past 13 Ashes series, expect the Australian market to rally to about 5949 points in the next six months because of the recent win.

Now this would be grouse.

Isn't that just because Australia doing well in the Ashes happens when the adults are in power?

[horace]

yep the economy is going gang busters at the moment

[Merlin]

yep the economy is going gang busters at the moment

Aussie economy does look inordinately healthy ...
Does this mean that, having realised the error of your past nauseatingly socialist ways,
you have now finally given up your soul to Conservatism, Horatio ?

[lardbucket]

It's got a deep trough to recover from, but at least the actual employment figures are finally improving, the participation rate is stable, and we haven't started deflating to the point that we need to start thinking about QE (like the EC).

Things could be a lot worse, and would have been if the previous mob had been left to continue their Brownian motion economic policies.

[Merlin]

It's got a deep trough to recover from, but at least the actual employment figures are finally improving, the participation rate is stable, and we haven't started deflating to the point that we need to start thinking about QE (like the EC).

Things could be a lot worse, and would have been if the previous mob had been left to continue their Brownian motion economic policies.

By Brownian - am I to assume you mean our much loathed past leader of total f**k ups, one Gordon Brown?
It would certainly make sense, Brown's economic take was akin to that of a 2 year old correctly addressing a calculus problem.

[lardbucket]

No ... I was talking about Brownian motion, something you may care to look up. If there was any political allusion, it was only to Bob Brown.

[Merlin]

No ... I was talking about Brownian motion, something you may care to look up. If there was any political allusion, it was only to Bob Brown.

The resemblance to our dear Gordon was uncanny - hence the query.

[lardbucket]

Gordon made even less impact over here than he did over there.

[skully]

Bump for new page.



Doesn't look a good day today, with the Cow Bones bleeding another 1% overnight. Qunts.

Still, I expect this bouncing up and down for another few months before a 2nd half rally towards 6,000.   

[horace]

yayayayay....the MM signs a FTA with Japan...I have significant shareholdings in a landfill company...the ever increasing number of container ships coming through the heads provides yet more eventual bounty...our country has competitive advantage in several areas...digging stuff up and burying other stuff

[Bradman]

I don't know why everyone was worrying about the mining boom. The end of construction just means production.

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