MMT in action. But its not a modern phenomena, the Romans seemed to have invented it. History seems to be repeating.
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Buying the dip is great advice for throwing parties... not so much for buying securities. Finding and then purchasing undervalued securities is better advice.
Just because a stock price has fallen doesn't necessarily mean that you should purchase it.
I thought U have been long enough in the markets to know the phrase " Buying the dip phase " ....but alas u rather score brownie points than agree that market trends are changing like they always do near the rate topping process ...
Also I am not a micro day trader to see or note every gyrations of Bond or equity market ....I rather latch on to a long term trend and then ride along for few years
I do like the wisdom in my ‘signature’
Nobody has more faith in past performance as a future indicator than long-only dip-buyers.
Meta's new twitter clone launched this week and has70 million users in only 48 hours, which is impressive considering it's blocked in the EU.
Twitter has 360m "worldwide" and is probably declining.
Time to identify value stocks in the NZ exchange than going behind overvalued, very high PE tech stocks. Tech will come and go, but people will have to live with basic things.
https://www.newshub.co.nz/home/polit...gains-tax.html
Finally better politics will prevail ...NZX will do well ahead ....imo