Panic, despair, hysteria - NZX crashes

[Major von Tempsky]

Waal, I thought people should have a place to discuss what seems to be a somewhat overdone reaction to a quarter point rise in the OCR. Spose it could also be related to a couple of significant drops in the Dow-Jones.

To us survivors of the 1987 crash - u ain't seen nothing yet :D

[KW]

I hope so. I cashed out in January, and am waiting for a new entry point :-)

[777]

The world markets were due for a correction. How big is anyones guess. Don't hold too much in the NZ market so with its tendency to over react am not too concerned.

[tim23]

Hardly a crash? If you are that worried invest in bank deposits.

[ratkin]

Bring it on , the NZ market has been cruisin for a bruisin for some time.
What we are seeing now is a combination of high valuations coupled with earnings being scuppered by the high dollar , a recipe for some big falls.

looks like the sell in May boys were right again

[tim23]

Agree but May was actually pretty good wasn't it? do you mean sell in June?!

[Viking]

In the midst of all that red arrow of the closed price for both NZX and ASX, I noted couple of little green~

NZX - AIR
ASX - QAN

What's happening there? How come all the sudden these two airlines is going up against the trend??? Something we don't know about??

Or its just ~~~~ exchange rate.

[craic]

I was as sad as most until I looked at my portfolio balance on may one and realised that it is still above that figure now so the loss is of something that might have been rather than something I had - it's all smoke and mirrors.

[ratkin]

lol dont let the TA people hear you talk like that , any loss you suffered was REAL

[Treetops]

When do Kiwisaver deductions start. Increasing demand for shares on both ASX and NZX. May not be as depressed as the sold up punters would hope?

[Treetops]

MARK HULBERT
The bullish best
Commentary: Dow's drop doesn't faze the top performers
By Mark Hulbert, MarketWatch
Last Update: 10:19 AM ET Jun 8, 2007


ANNANDALE, Va. (MarketWatch) -- The number of points that the Dow Jones Industrial Average has lost over the last three trading sessions is almost identical to what it shed on Feb. 27, when the "Shanghai Surprise" led to a 416-point drop in a single session.
And, just as was the case then, the recent pullback has led many to announce that the bull market had come to an end.
As we now know, of course, reports three months ago of the bull market's demise were not just premature, they were plain wrong. From the close on Feb. 27 to the market's high earliest this week, the Dow ($INDU : Dow Jones Industrial Average
News , chart , profile , more
Last: 13,424.39+157.66+1.19%

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B77AAB94F%2D098C%2D4F06%2D8CCE%2 D12489D1DC654%7D&siteid=nwhwk

Some anti doom propaganda. ;)
TT

[ratkin]

These sharp selloffs could well be warning signs that the big drop is not far away

[Shrewd Crude]

quote:ratkin-
These sharp selloffs could well be warning signs that the big drop is not far away


rubbish...
volatile markets trade in volatile ranges...
if you mean 'not far away', as in a few years then maybe you are correct...
OECD is still predicting strong world growth rates to continue...
[8D]
.^sc

[Shrewd Crude]

ratkin...
the only thing that should be sold off is the one in my disclosure...
:D
.^sc

[Bling_Bling]

Bling is cashed up, so yeah, bring it on. :D