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AndrewBaker

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  • Wall Street Breakfast: China Heightens Curbs In Market Crackdown [View article]
    China taking steps to curb speculation, especially on borrowed money, is a good initiative. Whilst the 'A' share Chinese market is not the biggest deal for foreign investors, like it or not, China's industrial and business success is a major factor in the World's economic recovery.
    Aug 4, 2015. 08:02 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: China Heightens Curbs In Market Crackdown [View article]
    Delta Air Lines has banned shipments of hunting trophies on its aircraft amid international outrage over the killing of Cecil, a popular protected lion in Zimbabwe...

    Based on recent and historical events, you've got more chance of getting away with killing an African American than killing an African lion.

    (What mindset gets pleasure from killing an unarmed creature anyway?!)
    Aug 4, 2015. 07:24 AM | 17 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Shares Nosedive As Market Reopens [View article]
    President Obama will unveil the final version of his plan to tackle greenhouse gases from coal-fired power ...

    He may be looking for a lasting testament to his presidency, but regardless of personalities, continuing digging up and burning more coal will adversely affect the planet in the future for our children and grandchildren,

    Already, Florida is the most vulnerable state to sea level rises, and other places such as New York may be faced with being partly submerged, as more and more ice melts, and will melt, regardless of measures taken now, no matter how drastic they are.

    People generally may be able to look forward into the future longer than politicians, but not many can really see sea levels three to twenty higher than they are now: yet three feet by 2100 is very probable; and twenty feet in the next few hundred years could happen.

    And deniers won't be alive to see it, so if they won't believe, there's nothing can to done to change their minds. It's peculiar that so many who can believe in a divine being with not a shred of evidence to back it up, cannot believe in science that is evidence based.
    Aug 3, 2015. 09:37 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Bailout Talks Around The World [View article]
    In Asia, Japan +0.3% to 20585. Hong Kong +0.6% to 24636. China -1.1% to 3664. India +1.5% to 28115.

    Asian markets, particularly Japan and Hong Kong, should not be ignored, as as recovery does happen, however slowly, they will be major beneficiaries. And China does not have to be of that great a concern, despite all the news of major gains becoming major falls of late: this relates to Chinese 'A' shares, that are generally only available to domestic Chinese residents and priced only in renminbi. Foreign buyers trade the 'B' shares, priced in foreign currencies (eg: US $) and which are not subject to such wild swings in prices.
    Jul 31, 2015. 07:22 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Investors Await Fed Policy Announcement [View article]
    Barclays (NYSE:BCS) may sell non-core assets, but that doesn't mean the jobs will go. As an investment, Barclays is a bank to own. They have gotten close to the very end of paying penalties for wrongdoings, the economic climate is slowly improving, and like it or not, we need banks to perform to help with the economic recovery: everywhere; and Barclays is a multinational with interests worldwide.

    Disclosure: long Barclays.
    Jul 29, 2015. 11:59 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Futures Rise With Fed Meeting In Focus [View article]
    Zurich Insurance is considering a potential offer for the U.K. rival RSA Insurance (OTCPK:RSNAY), in a deal that could be valued at around $7B. Zurich (OTCQX:ZURVY) ...

    plus the many many millions more that Zurich will need to spend in integrating RSA into their business; and not just the systems but the people and the ethos also. Having unfortunately had dealings with RSA, past, current and sadly necessarily in the future too, I do not envy Zurich the task they will be taking on if they do buy the company.

    On the plus side, I also have past and present dealings with Zurich, and they are first rate in every way and area, and I happily look forward to future dealings with them as well. If anyone can make RSA into a company that works properly and is a pleasure and not a problem to deal with, then Zurich can.

    If they bid and succeed, I wish them the best of luck.
    Jul 28, 2015. 07:07 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Futures Rise With Fed Meeting In Focus [View article]
    Interest rates to rise this year? No, surely not, lol.
    Jul 28, 2015. 06:57 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Futures Rise With Fed Meeting In Focus [View article]
    Chinese shares whip-sawed ...

    As an investor and not a trader, I prefer my China exposure to be either in mutual funds that I trust - hopefully - to manage the vagaries of the Chinese market so as to minimize the crazy swings, or in stocks of non-China based businesses that trade extensively with China, and which are quoted on Western stock markets. Whilst one should not totally exclude China from a balanced investment portfolio, my physician is happier with me taking this one-removed approach!
    Jul 28, 2015. 06:55 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Anthem To Buy Cigna For $54.2B [View article]
    The ideas that people have of upward mobility in the US as part of The American Dream, are not founded in fact. Unfortunately, our minds deceive us. See this article:

    http://nyti.ms/1JCYGqo

    As regards the minimum wage, I dare suggest that the need for one is because there are still people who would not pay a fair wage if they did not have to, and who don't care for the poorer people. And amongst them are many, I am sure, who would still have slaves if they could get away with it. Our laws say that we are more civilized now than 150 years ago, but our actions don't always confirm that. For example, a white policeman can still shoot and kill an unarmed black person and get away with it (because racism is still here, just hidden and not admitted to). Yes, rednecks do not just inhabit the south, and nor are they that easy to see either: many wear suits, live in nice houses, and work in respected jobs and occupations.

    When we genuinely consider and have due regard for others less fortunate or wealthy than ourselves, then we can stop legislating to help the poorer people; but we're a long way from that time yet.
    Jul 24, 2015. 10:55 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Anthem To Buy Cigna For $54.2B [View article]
    Gold continued its slide ...

    Gold will probably not fall much further, if only simply because increasing purchases of the metal itself - as opposed to paper trades - will hold the price up purely on supply and demand grounds, so taking a position now and being prepared to wait a few months to a year or so, should produce good returns. And as interest rates rise, which they will soon as we all know, and inflation begins again, as it must, that will all help the price move back north, regardless of institutional manipulation.
    Jul 24, 2015. 08:01 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Anthem To Buy Cigna For $54.2B [View article]
    European markets are a buy right now. The Greek problem caused problems both in the value of the Euro and the value placed on European stocks, and the summer lull also held things back generally - though not for all companies, so take a look at Parrott and Ablynx, for examples - such that there's good value to be had, IMHO.
    Jul 24, 2015. 07:56 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Crisis Winds Down - Parliament Passes Reforms [View article]
    Chip stocks are getting interesting. Yesterday this article was published:

    http://seekingalpha.co...

    It's the summer, little real news means that what there is has a disproportionate effect, so any disappointments lead to over-the-top (in my view) price falls.

    Micron Technology (MU) is a case in point: even with a potential bid in the offing - which may well not go through - the price has fallen back; despite consensus on a $30 level inside 12 months.

    My point? There's a good case to research chip stocks right now, and to buy before everyone else is back at their desks and making their decisions to buy, which will push prices back to where they should be; and a strengthening economy will further the northward trend as well, IMHO.
    Jul 23, 2015. 07:06 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Corporate Earnings Weigh On Investor Sentiment [View article]
    Facebook (FB) and all the other social media sites produce nothing, whilst GE does. Companies that produce nothing can be very rewarding, and good luck to all that bought in low and are now sitting on a nice profit, but it isn't a stock to hold and forget: sure its advertising revenue will grow exponentially, for a while, but not forever.

    And its appeal amongst the masses is still high, but that won't last either. GE will always have something to make and sell, whilst the likes of Facebook will be hard pressed to find alternatives when people tire of responding to messages telling them lots has changed since they last logged in and 200 of their 1750 friends have changed their profile pic or whatever, so check it out.

    No-one can actually have stored in their heads enough information about more than 150 people such that they can honestly call them friends anyway, so psychologists and their ilk tell us; so trying to keep up with that 1750 or even just 250, will take its toll. And no, I don't know John Smith in San Francisco, so stop giving me 100 people a week to make friends with when I only know 10 of them, and don't much like any of that lot anyway, and am actually desperately trying to avoid any contact with three!
    Jul 22, 2015. 12:34 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Corporate Earnings Weigh On Investor Sentiment [View article]
    The watch will not be a game changer, the Mac has probably got as many aficionados as it will ever have, the iPad is good but probably not converting many more users going forward, and the iPhone is good but not indispensable nor irreplaceable; so a lot of Apple's future sales will be from a captive and committed audience, either because it's hard to change to a different system or a devotee won't change. So, Apple (AAPL) is a mature business, having to pay dividends, and not likely to grow a whole lot bigger than it already is. A solid stock for plodders now, not a scintillating hi-tech business growing from minnow to giant in double quick time. It's stock price will reflect that, and any disappointments, however unreasonable, will be punished, as is now happening.
    Jul 22, 2015. 12:21 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Commodities Under Pressure - Gold, Precious Metals, Oil [View article]
    I agree. This is for the patient and not-so-greedy investor who wants to preserve their capital with a reasonable capital growth to both beat inflation, negligible right now, hence one reason gold is out of favor, and make a real return over time; without necessarily shooting the lights out on the way.
    Jul 21, 2015. 08:21 AM | 5 Likes Like |Link to Comment
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