If people have jobs, they can handle an OCR of 5%. If housing hasn't crashed, they can handle an OCR of 5%.
Printable View
If people have jobs, they can handle an OCR of 5%. If housing hasn't crashed, they can handle an OCR of 5%.
Anecdotal, plus a sprinkle of enough data to spot a trend: some big pay rises occurring in certain sectors within NZ. Especially job switching; and sometimes with offers to match.
nz dollar at new lows , getting savaged :scared: those overseas investors in the nzx are not only losing on the stocks there taking a bath on the nzd
US futures very bad.
[QUOTE=bull....;964592]run for the hills , 2900 sp 500 according to a lot of pundits , but i guess if we go into 1929 style things ill have to adjust my calculator down to 900 ?[/QUOTE
" Came across this interesting stats observation by Deutsche Bank:
"Deutsche Bank's Jim Reid, meanwhile, found that the five worst H1 performances for the U.S. S&P 500 before this year's near 20% slump had all been followed by big bounces.
"In order of H1 declines, we saw 1) 1932: H1 -45%, H2 +56%, 2) 1962: H1 -22%, H2 +17%, 3) 1970: H1 -19%, H2 +29%, 4) 1940: H1 -17%, H2 +10%, 5) 1939: H1 -15%, H2 +18%," Reid said."
Food for thought - better watch those shorts ?? "
Posted by Davexl. on Bear market thread ...In case u dont read it ...as totally opposite to your 900 SP500 view ...so reposted