http://noir.bloomberg.com/apps/news?pid=20601087&sid=aqBdHpgNQRw0&pos=4
This is a classic one.
April 18 (Bloomberg) -- The little-known takeover bid for a money-losing Australian mining company by a Hong Kong limousine operator shows all the signs of a peaking commodities boom.
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SS says
Pls read this article.
This is one more very clear signal that the boom is coming to an end.
We are in the very last stages of this artificial boom that is riding on the back of easy money.
When people are in extremely euphoric and lose sight of reality and rationality - they do such things as above.
A limo operator buying a mining firm.
There is limit to the zaniness that I am seeing here.
I can remember one more example that was sighted by Hugh Hendry earlier this year about a similar deal happening in China.
I will put that in post tomorrow.
Summary
- Get out of the commodity market
- Get out of the Australian / Chinese market
- Get into CASH
There is nowhere to hide but CASH.
This is a classic one.
April 18 (Bloomberg) -- The little-known takeover bid for a money-losing Australian mining company by a Hong Kong limousine operator shows all the signs of a peaking commodities boom.
---------
SS says
Pls read this article.
This is one more very clear signal that the boom is coming to an end.
We are in the very last stages of this artificial boom that is riding on the back of easy money.
When people are in extremely euphoric and lose sight of reality and rationality - they do such things as above.
A limo operator buying a mining firm.
There is limit to the zaniness that I am seeing here.
I can remember one more example that was sighted by Hugh Hendry earlier this year about a similar deal happening in China.
I will put that in post tomorrow.
Summary
- Get out of the commodity market
- Get out of the Australian / Chinese market
- Get into CASH
There is nowhere to hide but CASH.
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