Feb 11th 2009Community
Local businessman Gayne Emblin has been personally affected by the Victorian Bushfires. Thankfully his parents have survived and Gayne has established “Mates of Marysville” to raise funds for a catering van including tables, chairs and portable shelters. Cr Lew Brennan, Chairman of NISER and Deputy Chairman of the local franchise of Bendigo Community Bank has assisted Gayne in establishing what was to best way to meet the the needs of the people of Marysville. Lew has helped establish the fund and facilitated the prompt opening of the account at Bendigo Bank Cooroy.
Gayne wants to donate the van to the Marysville Lions so they can use it to help establish a centre to unite the community. To provide somewhere for mums, dads, mates and kids to gather to laugh, to cry and to plan for the future. From small beginnings grows great plans and even greater communities.
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Feb 10th 2009Finance
Last column I referred to Fear and Greed ruling traders emotions. The fear gauge that I mentioned was the Volatility Index (VIX).
The VIX gauge is still at historic highs, which is understandable as the VIX measures market expectations of near term volatility conveyed by stock index option prices. IÂ postulated that if history repeats then we may well be coming close to a market low. Read More »
Feb 6th 2009Finance
Emotion Rules and we all know which emotion is ruling in the current market environment. It appears that no matter what bailout package is thrown at the market it is not enough. The US government eventually passed the $700 billion TARP package in an endeavour to shore up the US battered mortgage markets, but this will take weeks to implement. TARP stands for the Troubled Asset Relief Program and its objective is to allow the troubled US financial corporations to offload the toxic mortgages from their balance sheets. Read More »
Feb 4th 2009Finance
As we return to work and look at our investments in 2009 many traders and investors may be chaffing at the bit to forget the recent turmoil and focus on the future. This is certainly understandable however taking an objective look back at 2008 certainly does provide some interesting reading and may offer insight in the potential market action in 2009 and beyond. Read More »