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Lewis Hamilton has just won the Formula 1 Grand Prix Championship in Brazil, becoming the youngest and the first black winner of arguably one of the pinnacle titles in sport.  British runner Paula Radcliffe has just won the New York Marathon for the third time, and with an amazing comeback story.  Which of these stories is the prelude to the coming week?

Races start and often have nail-biting finishes, and this week has plenty of events with a result still to be determined.  We have the US Presidential Election and the Melbourne Cup Carnival in Australia.  People will hold their breaths, then on Wednesday will wake up to a new day.

Some fear change, but shouldn’t.  The only constant is change, and appreciating this fact is pivotal in ensuring you are in control of your life, particularly given the current economic climate.

Keep pace with the race, go directly to the Nov 3, 2008 MTLH e-mag, or browse through the MTLH blog where we’re never short of something to say!

Regards,
Michael Marquette & Simon Turner


“Never confuse brilliance with a bull market.” Wall Street proverb

FYI: Read previous MTLH e-mag’s

A week is a long time in life – the news is good, then it’s bad, the market is up and then it’s down. Our trip around the world over the last couple of weeks has taken us to Philadelphia, New York, Los Angeles, London, Dublin and San Fransisco.  Back in Sydney it’s so clear how small the world is: everywhere the same topics are on people’s lips: the US Presidential Election and the Economy.

Fear of the unknown can often be the most stressful aspect of life, so the best way to manage such fear is to keep as informed as possible.  Hopefully our articles will help, and ultimately ensure that you’re ready to seize an opportunity when it appears.

Staying updated is the best medicine: our latest e-magazine is out now, so please click on the link 24 October 2008 or browse through our blog.

Regards,
Michael Marquette & Simon Turner

This morning the Dow Jones plummeted by more than 800 points before recovering and is currently trading in positive territory. Commentators on CNN, Bloomberg and Fox have been touting what would happen if the Dow were to drop to 7479 which would result in trading being halted for 30 minutes. The enormous recovery has excited the market with hopes high that gains continue.

Both the Ford Motor Company and GE (General Electric) have stated that they are not looking to file for bankruptcy protection (Warren Buffett’s recent injection of equity no doubt helps, as will GE’s plan to raise $15 billion from the equity markets). General Motors (GM) is in serious trouble (GM’s share price is at its lowest price in over 50 years) and GE, GM and Ford are all planning massive reductions in their workforces.

After President George W Bush gave his speech in an attempt to steady the market, it fell by around 200 points – showing the lack of confidence shown in the current Administration. I continue to talk to Americans who just want the Federal Election to be over and Barack Obama is far and away the person being touted as the preferred President.

As I am currently in New York which is a predominantly Democratic State, this does not come as a shock, although the sentiment seems far more reaching than just the State of New York. With just over 3 weeks to go to the Presidential election I am sure the President Elect will have plenty to worry about. At this stage it is being reported that Obama is leading by up to 10 points nationally but the election is set to be decided in only a handful of states – Ohio is at the top of the list.

Michael Marquette

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