bubble deflating , makes NZ bubble share market severely over inflated now.
Put it in context the fed induced bubble from november last year has been retraced now on sp500 , it still hasnt factored in the virus economic outcome yet
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bubble deflating , makes NZ bubble share market severely over inflated now.
Put it in context the fed induced bubble from november last year has been retraced now on sp500 , it still hasnt factored in the virus economic outcome yet
It sure is going to be interesting to see how things play out tomorrow in the US. Pension funds re-balance tomorrow and hedge funds may be forced to sell down as well as further sell-off could come from those who don't want to go into the weekend long given the uncertainty of what might develop over the weekend. There's always the possibility of a big upswing as well, which we've seen before but with the market being 10% down over the week - it is definitely in correction. Tomorrow is going to be a telling day....
looks like we're gonna need a bigger boat !
futures are looking very ugly in europe at the moment > 3% - 4% falls forecast
getting worse by the minute now 5%
basically just given back the fed induced rally from october thats all. back in the giant trading range where the market was originally deciding about growth which was slowing. difference is now virus which i believe isnt priced in yet at all. technically we should break the range to the downside
The whole sharemarket is pumped up with debt and money that we don't even have... consumer and government spending around the world is juiced up with money that we don't even have...
The greatest period of sharemarket returns the world has ever seen is fake growth...
All it needed was a trigger... and boom...
gg...
:cool:
.^sc
gold and oil are getting smashed , stock market down 2000 tonight? nasdaq well overvalued