regarding the new index - does anyone have the infrastructure to arb the new future on the NZX20 against the underlying basket? i would be willing to help develop the trade.
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regarding the new index - does anyone have the infrastructure to arb the new future on the NZX20 against the underlying basket? i would be willing to help develop the trade.
Window dressing time again .... out with the dogs and pump up the winners a bit more .... and we better buy a few more shares cause we wouldn't want to be overweight cash at the end of a good quarter would we
Double tops a bad sign ..... just a fallacy Belg ... load of the old proverbial
Just look at the double tops around the 3300 line .... and where are we now
A phenomenon that no-one, but no-one, seems to have noticed or remarked upon.
Looking at Bloomberg this morning I saw a headline that crystallized it for me.
"Dow Breaks 5 day Losing Streak".
While that is remarkable in it itself what is even more remarkable is that the umbilical cord link with the NZX seems to have broken!
Until a matter of months ago, if the Dow had a slight sniffle say -0.10%, then the NZX would be rushed off to hospital on life support with - 1.0%!
Anyone else noticed that? Any reasons? Have we suddenly matured into adults as investors for some obscure reason?
Of course we still have the deeply regrettable phenomenon of overseas investors using our largest shares as proxies for currency speculation in the NZ dollar (amazingly the NZ dollar is the tenth most traded international currency!) and until that goes away we won't have a rational NZX. And the other major problem that the authorities seem to be totally powerless to prevent - insider trading.
Hmmm...MVT???????? your view of the NZX50 is rather harsh...eh? considering it is one of the best performing Equity indexes in the world since the 2008/2009 crash and far better than the DOW when the currency rates are factored in.
The chart below has the S&P500 instead of the DOW but no difference really as they both track very closely together.
http://i458.photobucket.com/albums/q...ds10042012.png