Wednesday, 24 June 2015

Financial Orbit wrap 24/06/15

Five sentences or graphics which sum up the Financial Orbit output over the last 24 hours across the website, twitter account and anything else thought about...

1. A lot of excitement re the Japanese market hitting a new post 1996 high BUT if you print enough money for long enough...


(h/t @moved_average)

...and to put it really into context, I enjoyed this chart via @markbartontv.  A bit of a rogue's gallery kicking around the Japanese index return over the last 19 years or so (and look at some of those gains elsewhere).


2. I use my latest ShareProphets column (link here) to talk about Chemring, the UK defence company, where I see an opportunity due to a lack of interest.  

3. So much interesting stuff in the Monsanto conference call, especially of course with regard to their bid target Syngenta.  A full write-up here.  

4. US Q1 GDP third cut comes in less negative...what can you say really but is it a huge surprise that the Fed have not raised interest rates yet? 



5. Do I really need to comment on the ongoing Greek debt talks again?  Ok...just one more time:

 Creditors have to get real, better get 60-80% back than risk more in hope of 100%. Same in the

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