It went up 55% from 1 Jan 1987 peaking around 21 Sept 1987. It then dropped 6% over the next month before ending the year 42% down from the peak but only 10% down on where it started the year.
So maybe we haven't had a run like this since 1986 but we're nowhere near a 1987 run, yet
But according to the Age it's the longest winning streak of all time - for the ASX.
I have slowly begun to take some long term holdings off the table. Nothing drastic, but am not replacing holdings now. The latest being CSL, anything that falls from its perch is gone.
Bought up plenty after 2008 , time to crystalise the profits, this market makes me nervous. Im seeing nothing i want to buy, nearly everything looks inflated
Stoch v MSI battle continues.. Stoch has been good lately, providing a nice early entry to the current rally (of course), but we will see if this sell indication has any merit
Hi guys following with interest. Would ASX have a large correction without the Nasdaq/Dow correcting too??? If the U.S. Markets hold up are we more likely to see small 1-2% movements in this ASX or could we see a big drop is 30-50%?
As KW said, some shares still looking strong. As some random examples in my portfolio, WIG, AEF and CCP all looking strong still. MEL:NZ moving up again.
That ratio will change with the MEL payment. Honestly, I'd rather be MORE bearish, but, really hard to find good homes so reluctant to sell quality.
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Never try to teach a pig to sing. It wastes your time and annoys the pig.
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Real estate is still my bread and butter (by far the majority of assets) and the rest cash with just minimum in shares (as I learn more) and a big thanks for those who share knowledge.
US DOW is not going to help the ASX today Im afraid-Also Bioteks down 8% there ,but Im ok so far with mine here--fingers crossed
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