and the US has Friday 13th tonight ....hmm
Printable View
and the US has Friday 13th tonight ....hmm
What a terrible day its been. The value of my portfolio is down $0.32 on the close last week. :(
Is this the big drop we've been told to expect.
Oh No!--good news in the States (what will Janet do--Oh dear)--Dow sheds 550 points for the week--Dont forget kids..good is bad and bad is good..----No No Janet,dont take away all that almost free money--We quite like this big Casino your forefathers have created where the odds are always in favor of the house-and if asking nicely doesnt work we will throw a hissey fit and and you can watch all those mom and pop investors and pension funds that also jumped on the bandwagon get fleeced--that will show you Janet,to stuff around with us---We own you-we own the Gov-and we will make you pay,along with others,even those tiny countries who think they are safe in their cocoons.;)
Yet while this is going on, my friends and I am enjoying a record year on the NZX.
Just some of the stocks that are having a fantastic year are;AWK,CVT,EBO,FPH,FRE,GMT,POT,RBD,SCL,SKL,SUM and TIL.
With the "full moon" expected in both hemispheres on the 27th November I expect the strong momemtum to strengthen the upward trejactory.HNZ's agm on the 11th December will rally the whole NZX to greater heights .
Enjoy those profits--no sense messing with a good thing---but keep looking over your shoulder just in case.
(which brings me to another George Carlin Quote--''did you ever try to pick up a suitcase that you thought was full,but was empty,''whoose''....for just a second you feel really strong'':)
and just for those who need a really simple explanation
https://www.youtube.com/watch?v=XdH38k0iUgI
Sure KW, the market can crash any day if it so chooses ... and I agree, coming Monday is more likely to belong to the bears than to the bulls - certainly in Australia, and probably as well in NZ. Maybe a good time to go bush? Remind me to check the weather ...
Does this mean we need to be careful? Sure, we always should be. Does it mean we all need to sell our shares (hoping that there is still some greater fool out there buying them who didn't notice the recent mini-dip? I don't think so - and actually, if we think that through, than we might even find out that nobody might be left to buy any shares if everybody sells - not that many greater fools around (no reference to sharetrader posters with this or any other pen name intended;)).
History shows that it is sometimes the early sellers who make money (though only if they have the guts to buy back in later when everybody is desperate), but more often it is the people who are less nervous. Warren Buffet didn't make his fortune buy selling his shares every time the S&P dipped below the MA200.
Just wondering which fundamental reasons you would see for the markets to crash? I think we all got used by now to the idea that China is growing this year just 6.9% instead of 7, the US is doing not too bad and the "refugee crisis" in Europe might help to resolve the issues with an age pyramide balancing on its top. Yes, Australia has and will keep for some time its structural problems - but I even expect resources to come up again (though not tomorrow or next month, but maybe within the next couple of years). Emerging economies (and everybody else) likely to benefit from cheap oil - and just think about our airlines (like AIR) who benefit from continuously sending flocks of climate change leaders consistently around the globe.
Growth everywhere ...
Sure - at some stage markets all across the world need to adapt to lesser and potentially Zero growth (and maybe even some shrinking) - but does this mean that only cash is safe? If you analyse some real human catastrophes (like e.g. the aftermath of WW1 and WW2 in Europe), than it was never the people holding cash who have been king, but the people holding production capital (e.g in form of shares).
Everybody for themselves, but I don't see at this stage the need for panic (actually - I rarely do ...).
DYOR
You missed out the one single thing that has caused the most volatility in (at least) US markets--can you guess what that is? (it aint china(although thats worth watching)-it aint OZ-it aint refugees,oil,or emerging countries (although they will be affected).... Its....