Coutts ,you are a real eccentric--I hope no one is taking you seriously as it is dangerous---did you get around to reading post #64?
Those who bought big awhile back are the real smart ones--they bought CASH with SHARES
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The buying drought is over ...It's raining (dead?) cats and dogs now:)
I agree Hoop, I think selling opportunity. ASX200 is up over 5.5%!
The more I think about it, the more I think about what is happening around the oil market and how the global economy has been built on oil.
That risk with oil is still out there & coal obviously.
Lots of debt, lots of derivatives.
China is really the only reason the global economy has any semblance of growth in the last seven years.
Maybe we need a real meltdown as propping up markets and bail outs just defer the problem and nothing changes and nobody learns.
Thanks for some of the advice, I think once I actually posted on this thread I seem to have gotten a few replies from people who are holding/buying. Prior to that all I was reading was gloom and it kind of made me think twice (am I really doing the right thing when everyone else is selling) But as NZsilver/Roger have noted, I am not in a hurry to get access to the funds. I may actually look at purchasing a few more this week. I have learnt a few things from people on this site in the past couple weeks, thanks to them as well.
That's a blow for The World According to Andrew Little - the Australian sharemarket has gone up....
What is Buffett doing?
ASX up 2.1%, NZX 50 down less than 0.5%, one of the biggest market swings I have seen, not surprising because things "were getting silly"... expecting NZX to be in the green by the end of the day (we've already moved up 2%, lets move up another 2!)
Correction 2.6%... hard to keep up..