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Showing posts from April, 2008

US IN RECESSION - Warren Buffet speaks

In a special interview to CNBC, billionaire Warren Buffett says that the US is indeed in a recession. But he also says that it is perhaps not as bad as it was in the 1970s. Warren Buffett, Chairman, Berkshire Hathaway, said the US is indeed in a recession. "However, it is perhaps not as bad as the 1970s." “It is nothing like 1973-74 yet. That doesn’t mean it couldn’t be. But in 1973-74, we had this stagflation situation and really had a meltdown in equity prices. Really good companies got down to 3 and 4 times earnings. So, nothing like that has happened in this situation. But in 1973-74, at some point, it didn’t look like it had happened either. So, everyday is a new day and we are seeing more fixed income type forced liquidations. We are seeing more indigestion; banks with a lot of loans they don’t want to have. You are seeing a time of easy money in terms of price, but not so easy money in terms of availability,” said Buffett. Excerpts from an exlusive interview with Wa…

Trade stocks Via sms with your mobile phone now

In this emerging market with new really competitive brokers .everyone is vying for the slice of the stock broking market. Even though its volatile times . There are still astute traders going about their business making the most of the volatile times and still making a profit.Fresh UPDATE :COMSEC with the launch of Iphone In the market has come out with a nice
little software package to make trading on your new
iphone easy and convenient. So now if you are a busy trader
that is on the move or a trader that needs to do thier buy and sell
discreetly comsec
Mobile trading is a nice new option for trading with your
Check it out here"CommSec's iPhone trading application suits a significant proportion of our clients who require instant online access allowing them to place orders anywhere, at anytime," said CommSec managing director Matt Comyn in a statement.And bell direct has got a handy new feature to mak…

A good time for bonds - Not james bond

Bonds are appropriate any time you cannot tolerate the short-term volatility of the stock marketOver recent months the Reserve Bank of Australia (RBA) has increased the cash rate by 50 basis points from 4.75% to 5.25%. For many people, this will not only affect their mortgage repayments, but also their return on Bonds and Hybrid Securities listed on the ASX.As interest rates rise, the market value of fixed Interest Rate Securities (Bonds and Hybrids) falls. This is a result of buyers moving away from issues at old rates and taking up new issues at the higher interest rates.
Current holders of fixed interest securities also tend to move out of their holdings seeking these new higher rates of return. Consequently as the demand for old fixed interest securities decreases and their supply increases, their market price tends to fall.What Are Bonds?A bond is a debt security, similar to an I.O.U. When you purchase a bond, you are lending money to a government, municipality, corporation, feder…

Fairfax media enters Indian media Business

FAIRFAX Media is seeking a foothold in the burgeoning Indian media sector through a stake in national English-language newspaper The Hindu, according to local reports.About fairfaxFairfax MediaFairfax Media Limited [ASX:FXJ] is Australasia's leading media company. In May, 2007, Fairfax Media and Rural Press Limited completed their merger, ...
Weekly magazine Business India and business daily Mint said Fairfax had been in discussions with The Hindu's owners, Kasturi & Sons. Shareholders of Kasturi and Sons Ltd, the publisher of The Hindu newspaper, are believed to be in talks with Australia’s Fairfax Media Ltd for a possible sale of a minority stake in the Chennai-based company, a first for the 130-year-old, family-owned grown Media analysts had valued the group at 26 billion to 28 billion rupees ($700 million to $755million), Mint said. On that valuation, a 26 per cent shareholding, the maximum allowed under India's foreign investment laws for the print …

ANZ stock price Australia and New Zealand Banking Group Ltd ANZ.AX (ASX National)

ANZ CURRENT RECOMENDATION : BUY at MARKET for Long term gains  2/3 yearsAs of 1:10 AM EST $20.71AUD Price Change 0.31 Percent Change 1.52% Company profileAustralia and New Zealand Banking Group Limited (ANZ) is engaged in providing a range of banking and financial products and services to retail, small business, corporate and institutional clients. The Company conducts its operations primarily in Australia and New Zealand. Its other operations are conducted across the Asia Pacific regions, and in a number of other countries, including the United Kingdom and the United States. It operates through five main segments: Personal, Institutional and New Zealand Businesses, Partnerships & Private Bank and Group Center. On November 21, 2006, ANZ announced that it acquired 19.9% interest in Shanghai Rural Commercial Bank. In July 2006, ANZ acquired a 20% share in Tianjin City Commercial Bank. In May 2007, the Company held a relevant interest of 81.4% in E*TRADE Australia Limited. In July 20…

FOREX TRADING - Maybe its time to switch ( a guide )

With the market at a constant downturn maybe ITS TIME TO SWITCH YOUR TRADING  METHOD.Forex trading is looking to be more of an option in This  VOLATILE MARKETS , though it comes with its own risksBeginners Guide to Forex
What is Foreign Exchange?
The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.5 trillion. Foreign Exchange is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example Euro/Dollar or Dollar/Yen.
Where is the central location of the FX Market?
FX Trading is not centralized on an exchange, as with the stock and futures markets. The FX market is considered an Over the Counter (OTC) or 'Interbank' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic netw…