Hot Penny Stocks

“Economists were therefore left scratching their heads when it was revealed only 36,000 jobs were added but that the unemployment rate had plunged to 9.0%.  Snow or not, it just didn’t add up.  Was the result good or bad?  The answer seemed to be bad, which actually means good because it means QE2 is well [...]

Before I get stuck in to today’s Money Morning a quick note on our publishing schedule over the holidays… This week will continue as normal… as you’d expect. Next week, from 27th December until 31st December each day you’ll get something a bit different. The editors of the five subscription based newsletters we publish have [...]

We won’t deny it. It’s always pleasing to see the Macquarie Group [ASX: MQG] share price take a hammering.
Yesterday the stock hit the skids following news that the company expected profit for the current half to be 25% lower than the same time last year:

Share price slump

Source: CMC Markets

The shares closed at $35.25, and [...]

Your editor spent most of yesterday polishing off the August issue of Australian Small-Cap Investigator. Today we’ve just a few small bells and whistles to add to it, before we should have it delivered to subscribers after 4.10pm this afternoon.
If you’re not a subscriber yet, then why not take a few moments to read [...]

To paraphrase Crocodile Dundee, “That’s not a test, THAT’s a test!”
That’s what we thought after reading the following headline from Bloomberg News yesterday: “China Said to Test Banks for 60% Home-Price Drop”.
Ooh, imagine that. Surely that would have to be pretty painful.
And it puts to shame the Australian Prudential Regulation Authority’s (APRA) stress test [...]

If it was possible for a market to whistle without a care in the world that’s exactly what it would be doing right now…
Greece on the verge of default – [whistle].
China trying to engineer a soft economic landing – [whistle].
US Federal Reserve increasing interest rates – [whistle].
Australian property bubble bubbling – [whistle].
Millions of your taxpayer [...]

It seems that not only is our friend Michael Pascoe unable to see the value of gold, but he is obviously quite incapable of working out a basic sum – that 1 + 1 = 2.
And his unwavering faith in the ability of the Reserve Bank of Australia is commendable, yet completely mad. After [...]

Editor’s log: Agora Financial Investment Symposium, day four…
Your editor is now back on the ground in Sydney, waiting for the flight back to Melbourne.
Today we’ll wrap up our coverage of the Agora Financial Investment Symposium. We’ve got a brief summary of our own presentation – we’ll try to be fair and balanced with the [...]