The Stock Market has started a rapid decline from earlier posted gains as can be seen from the chart on (AORD). The market opened very strongly but has since started a rapid retreat, although most sectors are still up slightly. There seems to be renewed confidence in most financial stocks given the Governments Guarantee announcement [...]

In light the Government Guarantee and the improvement in the All Ords (AORD) this morning. I thought I would make a quick post about the total losses vs. the total gains over the last 3 month period and how much the market needs to gain in order to restore ourselves to a position of relevant [...]

Yesterday, the Australia Government took the unprecedented move of backing all Australian Deposits in a trillion dollar three year move that most of you would have heard about. This backing also includes Australian oversea’s bank borrowings which highlight the Governments concern that Australian deposits overseas are still vulnerable. The guarantee will extends to all deposits [...]

Yes, as most of you would agree. The All Ords (AORD) is going to be up today due to the confidence the government is trying to push back into the market – even though the Dow Jones (DJI) fell on Friday and no  market direction was provided over the weekend from the G7 summit. Without [...]

Update 8 @ Close: The All Ords closes at 3939 – down 351.8 – from opening of 4291.3. Ouch …. Update 7 @ 3:56pm: All Ords hovering around 3975 – lets see what happens before the bell. Update 6 @ 2:16pm: Down again to 3984 Update 5: Things  are on the up – back around [...]