I was begining to think the market (US) was going to shrug off the Fed interest rise and then Bam! (or maybe just a Bam without the exclamation point--we'll find out Tues)
Printable View
I was begining to think the market (US) was going to shrug off the Fed interest rise and then Bam! (or maybe just a Bam without the exclamation point--we'll find out Tues)
I think it's all about oil or the price of it. Russians are budgeting on $30 bbl as I have read, so I think there is still some way to go. My holdings on the DOW were off 3% this morning and I am expecting a continuation of a down trend for a while. The only way to rationalise it is to see this as a buying opportunity. I hold mainly Visa.
A bit of fear creaping into the market again. China - trading halt, now big drop in US markets. Could be an interesting week.
Yep maybe a bit of cleansing about to happen.
Technically head and shoulders on the dow so we shall see what that brings, S&P 500 and Russell 2000 looking the same of course.
another bad day on the US markets
So far they have managed to shrug off these drops but I guess it would be fool hearty to disregard
Attachment 7785
Old cartoon I found
so much for having the week off lol might retest the 16000 level this week?, nz is still looking good though :)
New Zealand cannot hold out forever,to think a tiny economy like ours is totally insulated will lose you money--Its looking like China part 2....other markets tumbling as a result (Chinas market went down 7% in a few hrs before the ''circuit breaker''kicked in and closed the market--the 2nd time this week)
correction on a few hrs--it was 14minutes 7 secounds :(