Shorting the Housing Bubble in Australia, page-147

Hi Mkr,

Well, so did you do a good read over the 365 odd pages they bombarded the market trying to ramp it up yesterday right…..

They are already blaming growth in funds from their operations will ease partly due to higher energy costs… WTF ?

Well, it has been an interesting week….. the day before of the 7 announcements and 365 odd pages (15^th), we had an unusual buy up on the stock which made many wonder and many interested on the trades and who were buying it… not retailers that’s for real….

Then we get the 7 announcements…. Which to digest 1 hour before trading is quite an interesting task…. The company has been doing quite ok with good guidance from some key heads of management but, what fins want to know is no beautiful story here… it’s the future ahead….

With the Australian Housing Bubble alive and kicking, no wonder there are so much interest in trade this stock and short it… and it’s not only from OZ land fins, investors and traders. There are plenty watching and bitting bits from many industries here in OZ…. banks, fins, retailers and especially developers…..

…”here are some macro headwinds such as Debit Ceiling and Fed reserve tightening which will impact values across all sectors”…..

LOL some macro headwinds? LMAO…. that must be the sweetest joke I’ve heard lately….. And no… the US is only part of it…. As you probably know, I believe that who will pop the Australian Housing Bubble is not the US but China….

There are plenty of macro events coming up mate…. From interesting quarterlies, to activity on the monetary front, to larger impact on trade and currency wars…. The “other” third of the puzzle which is EU…. That’s another ever turning story…. If people don’t believe that Australia could become another Greece, they are not paying attention on the key aspects of wealth transferring and movement…..

Only this week, we’ve seen a huge movement on Hedge Funds rebalancing and liquidating “certain” stocks in the US…..
We also had 2 interesting Fed moments…. Please read up on the Fed’s quarterly report on household debt and credit and also on their minutes from this morning…

Margin Debt and Interest Swaps are a beauty too…. And let’s not count the Chinese debt that is alarming not only the IMF but many of the funds that have seen a staggering jump in credit without backing….
And last... once again… are the Smart money moving into cash….. story teller…. As always, mums and dads and their pension funds or superannuation will be hit once again…..

No, you don’t need to see structural issues in any company to know when it’s time to deflate and ride the cycle…..

When the Australian Housing Bubble finally pops, it will be the largest economic event that Australians have experienced since 1930’s IMHO….. The snowball has left to grow to levels that are unsustainable… and don’t blame the government only…. They only get lobbied and do what they do better... the rest is always done by the lobbyists…..

So, I’m not unhappy with the rise of today and the buyers…. Not at all…. Cause we do need they buying the story right now as we will need numbers in when we start to get out and conversions start to flow hard just like 2009…. But, it could be in steroids this time….

My $4.03’s thought on it…..

Cheers

T10