Category Archives: Flintoff

Authors or Analysts?

(Originally posted on July 21st 2009)

One of the best feelings I get is when the “experts” from the major financial institutions comes up with the same conclusion that I have after I have realised it.Yes it is narcissistic of me but that it is the flower of my birthday and therefore it is to be expected. The latest episode was last night when one of the sports commentators on Sky said “One small step for Flintoff, one big step for England.” Earlier in the day I wrote on my Facebook “One small step towards the Urn and one big step for England.” The ASX increased by .01% today. That .01% increase can be attributed to the applause the populace at Lords gave Ricky Ponting an applause when he admitted that they were outplayed. The FTSE on the other hand has increase by over 1%. The share price of all the sponsors of the English Cricket Team have increased since yesterday. The only sponsor of the Australians who have had their share price increased is 3G. However 3G is 50% owned by Vodafone. Now what would a normal Aussie bloke do if he knew that? Does the average Aussie cricket fan know that Fosters have sold the rights to brew Fosters in Europe to Scottish and Newcastle which is owned by Heineken? In Europe the beer associated with Australia is not Australian!! Everything is not what it appears to be. Pure transparency among equity funds and hedge fund does not, will not and should not exist. If transparency did exist then everyone from a 90 years old grandmother in Timbuktu to Wall Street would be buying the same things. If that would happen then there will be no money to be made. Efficient markets cannot exist. It is the risk and uncertainty that gives rise to opportunity. All creation stories and theories begins with Chaos. Since that is the case then who are we to go against the Gods?

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Filed under Ashes, ASX, Cricket, England, Flintoff, FTSE

June Market Outlook 

(Originally posted on June 1st 2009)

A new month and the sun is shining brightly. The markets have been boosted by the news that the Chinese manufacturing markets have grown.However I am extremely sceptical when the markets increase or decrease on news of the mining, financial and Chinese sectors. This has also boosted the commodity prices which is of no surprise. Tomorrow will tell whether the news is actually positive or not.

GM is to file for bankruptcy today and is expected to emerge from it in 60-90 days. Will it rise like the mythical Phoenix from the ashes?

The countdown to the Ashes has begun. Historically the country that is expected to win the Ashes and wins the Ashes will increase. October 2008 is a good date to start as Australia played India in India and that was followed by England playing India in India. The FTSE futures are lagging the ASK by 1.73%. However the FTSE has increased at a faster rate than the ASX since England comprehensively beat West Indies in the Wisden Trophy. The performance of the two countries in the upcoming T20 cricket world cup will start to determine whether England or Australia will win the Ashes and consequently which market will do well. The person who will make a difference in the recovery of the UK market could be Andrew Flintoff. My eyes will be on Sophia Gardens in Cardiff on July the 8th where History will be made as it will become the 100th ground to host a test match since Cricket began.

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Filed under Ashes, China, Cricket, Flintoff, Market Outlook