fed does an emergency rate cut and the stock and bond markets are crashing. expect similar result in nz. nz stock market severley overvalued
Printable View
fed does an emergency rate cut and the stock and bond markets are crashing. expect similar result in nz. nz stock market severley overvalued
to much uncertainty to hold stocks for me , ill wait for earnings to catch up with reality or for a cure to the virus before i go all in again. although in a bear down draft day trading can sometimes be profitable or shorting stocks.
long term returns guess come from buying at reasonable levels eh guess if you own stocks from 10 yrs ago or what who cares eh unless its air or thl etc lol
NZX holding up well this morning by comparison but I reckon it's going down further once the Aussie opens.
Currently DOW 26217 up 300 points........ S&P 500 up 29....... Nasdaq 100 up 103
The NZSE Bull officially died this morning .You made our economy very strong, helped reduce unemployment and created us wealth...you will be missed old friend.. RIP
Attachment 11119
China could well be our saving grace at this point with their recovery dawning , both Australia and NZ should benefit from that sooner than some others perhaps