Gold stocks will probably do ok today :) I think NZ stocks in general will wait to see what happens Monday in the US.
Printable View
Gold stocks will probably do ok today :) I think NZ stocks in general will wait to see what happens Monday in the US.
Some soothing words from Janet Yellen is all it will take for a rebound. Avoid getting caught up in the temptation to churn I reckon.
That said this could be a good time to have a good look over your portfolio and do some carefully selected pruning of things that are neither growing nor paying decent dividends.
I would expect some selling pressure today but skewed away from utilities paying good dividends with relatively captive markets - generators and spark immediately come to mind
The High Frequency Trading guys are going to make a killing in this market... the sheep are already lining up. AIA is down and the market hasnt even started.
Looking at the way their algos work I think HFT will take the market lower than it would normally go and quicker than it normally would.
I see it as potential for topping up at the bottom of the cycle.