Painting fences is quite fun .....be careful and don't get sunburnt
What colour mate .... darker colours are more volatile (got to use that word more often)
Printable View
-200,000 new jobs, beating expectations of 177,000.
-Wages grew by 2.9% over the past year, the strongest gain in 8 and a half years... excluding bonuses such as tax reform bonuses given out to millions of workers in the past 2 months.
-The unemployment rate held steady at 4.1%, the lowest rate in 17 years.
-Six states had all-time record-low unemployment rates in December.
And the highlight: Fed is projecting a whopping 5.4% GDP growth rate for the 1st quarter.
I love how ol'yellen said assets are overvalued... seemingly oblivious to what their artificially low interest rates has done over the last 10 years?
As for kiwiland, we are in a good position as well moving forward... OCR staying nice and low :).
That has to be a genuine concern. Reckless endangerment without even realizing it ? US Federal reserve looking to shrink its balance sheet by many hundreds of billions of dollars in each of the next few years so who is going to fund their deficits and buy their bonds and at what price ? We all know rises in the so called risk free rate (10 year Govt bonds), undermines high PE ratio's. Its starting to look like throwing gasoline on the fire, (massive cut in U.S. corproate tax rate to level's not seen since 1940), was also gross recklessness.
I am increasingly convinced a material global contraction in PE ratio's from pretty lofty level's is on the cards for 2018. This happens either through a series of pullback's or corrections or through a bear market. I am starting to think its the latter and we're in for a very rough next few months.
Note to self : Ensure you have a good supply of blood pressure pills at all times.
A nice green colour, quite dark though, speaking of which, my portfolio still in the green courtesy of A2 and HLG(It's had near a couple of hundred k wiped off it's paper value mind you) Reckon I should have just chucked 50% in each of those companies and I would have been real sweet, I hate it when I'm overdiversified(Currently hold 7 stocks)
Thanks for the comments Winner.
i have sold down 1/3 today and yesterday, and feeling less concerned now .
i have kept RYM. SUM THL and a few others with good divs. .
sold most of those with a PE of over 20
A bird in the hand is worth 2 in the bush.
each to their own.
I suppose it is all about calculated risk..
Time to pick some plums .
These red days make me sick and ill... but to hear couta has lost couple of hundred k makes me feel little better sorry :/
Hopefully this will be all over soon especially for companies like A2 with updates just around the corner.
Anyone remember the rhetoric of September - November 2016?
Tis but another tilt