Everything I have either hasn't moved, or down by only a couple of cents (ATM).
Not even worth doing a top up ................
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Everything I have either hasn't moved, or down by only a couple of cents (ATM).
Not even worth doing a top up ................
well its a good day to test your true intentions however seems to be no major stock down more than 4% and most around 2%
I tend to think the bear will growl a little more before the rout is over - S+P500 re4covery looks corrective and lows will be tested and pushed further down.
This event could well signal reversal from bull to bear market - too early to tell for sure. I think this is a real possibility however my EW advisor things this is only wave 4 and stockmarket will have another run to new highs.
Either way one should hold quality with the understanding that one wont need to sell if fan becomes very brown.
I think today is a huge positive for NZ and the NZX. Given that around 50% of our market is foreign owned, then I see a less than 2% market correction as being a vote of confidence. Many of the opening orders may have been placed on Monday and before today's US market rally so probably reflected the sentiment at that time. I expect we haven't seen the last of the volatility but I am encouraged by what I've seen thus far.
We are at the tail end of the bull run and volatility is increasing. Why stay in this market if you can get out?
Warren Buffett's advice rings loud at times like this :“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”