Showing posts with label 2009 NZX and ASX Stockmarket Holiday hours. Show all posts
Showing posts with label 2009 NZX and ASX Stockmarket Holiday hours. Show all posts

Saturday, December 20, 2008

MERRY XMAS: NZX & ASX Stockmarket Holiday hours

I wish all my loyal readers a very happy Christmas and a prosperous 2009 New Year.

It has been a pleasure writing on my favourite subject and I hope you may have found some interesting tidbits to help you out in these very crazy financial times.

I hope you can all join me in 2009 where we can all do it again.

Darren, Share Investor.

NZX & ASX market hours, 24 Dec-Jan 5

Wednesday 24 December- NZX and ASX markets close at 4.00pm NZT.

Thursday 25 December - NZX and ASX markets closed.

Friday 26 December - NZX and ASX markets closed.

Monday 29 December - normal market hours.

Tuesday 30 December - normal market hours.

Wednesday 31 December - NZX and ASX markets close at 4.00 pm NZT.

Thursday 1 January - NZX and ASX markets closed.

Friday 2 January - NZX closed, ASX open.

Monday 5 January - normal trading commences.

c Share Investor 2008

Monday, August 18, 2008

Mark Weldon strikes out on Carbon Trading

When Mark Weldon came from a well paid Wall Street job at the beginning of this century to become CEO of the New Zealand Stock Exchange [NZX.NZ] I held much promise for this dynamic, ambitious, innovative and successful young man.

Weldon has fostered the NZX from a economic backwater exchange into a more broad based one with more revenue streams-even though it is still a underdeveloped exchange, but that is another story.

Unfortunately Weldon's latest push for more revenue, in the form of launching a "Carbon Trading platform", whatever that means, is at the risk of ameliorating his good results so far, and more.

Weldon seems to have caught the zealotry nature of the carbon trading Nazis , like Minister for "Climate Change", whatever that means, David Parker.

Mark talks of his TZ1 Carbon Platform as "leading the world" and "innovative".

"The most important thing NZX can do here is get the right CEO, free the business to succeed, and hold a high quality team accountable for results."

No it isn't Mark. Trading a real asset is the most important part of any market. Even if you had the smartest person in the world who fully understood the carbon trading market, you will still find it impossible to make this kind of platform a long term success because of its fraudulent nature.

Mark Weldon goes on:

"Mark Franklin is the perfect CEO for TZ1. He has the right technical background, knowledge, relationships, credibility, strategic skills and drive. Mark chose this position ahead of a number of global roles on offer to him - a choice that reflects his belief in the potential of this market.

Quite frankly we have heard this kind of enthusiasm for business and markets based on nothing for as long as human beings have had a history. The majority of Internet businesses and wild poppies traded in Holland during the 1600s were two similar fake manipulated markets and both of them collapsed with spectacular results.

The carbon trading market collapse will make those meltdowns look like a Tom Hanks and Meg Ryan movie.

The carbon trading market and the "economics" on which it is based has its genesis in the fraud that is the Enron invented carbon trading market and its associated Al Gore pushed "climate change" movement, scientifically disproved and with a negative economic impact rather than a positive one-which clearly makes it a liability rather than an asset.

To put so much misplaced faith in a market for trading carbon credits simply defies economics 101, something that Mark should have remembered from his 3rd form economic class-an asset has to have a clear value, be easily understood have a real demand based on an intrinsic value, not a demand pent up by politicians and scientists on the State breast-in other words a false market.

When the price of an asset is based on the regulator or principle organiser of trading that asset, TZ1 in this case, or the government setting or influencing the carbon price, then the relationship of trading to the value of that asset is not only artificial but in the long term unsustainable, in the true sense of that word, and will eventually lead to its collapse.

Mark Weldon has forgotten the basics to investing, what an asset is, the fact that a market relies on real assets to have any chance of a long term future and the history of previous economic collapses.

Putting faith in "Carbon Trading", being excited and passionate about it being a huge success is a thin veneer pasted over the reality behind it that it is based on a fraud.

You should be ashamed of yourself Mark.

Related Share Investor reading

Carbon Credit trading puts global markets at extreme risk
Of Tulip bulbs and Tooth fairies
Global warning: Tax iceberg ahead

Related links

TZ1 Market
Kristen Byrne - 15 year old schoolgirl debunks climate change myth

NZX financial data

Related Amazon Material

The Great Global Warming Swindle (DVD)The Great Global Warming Swindle (DVD)
Buy new: $14.99 / Used from: $15.99
Usually ships in 24 hours

c Share Investor 2008