really if the RBNZ cuts would it make you want to go out to dinner or a concert etc if say spread was more widespread in NZ
Printable View
Just have to love this Bear:
Attachment 11069
... it smashed yesterday through the MA 200 and is now in clear uptrend territory!
True.There may be some FOMO investors who mortgaged their houses (or added to their mortgages) to invest in the increasing stock market, but not many would be able to borrow using their share investments as collateral.
Recent house purchasers can get stuck with negative equity if/when there is a serious retreat in prices. It has happened in other countries. In NZ that would be even more serious than in many other countries as such a great proportion of NZ household wealth is in residential property. The knock on effect to the NZ economy in general would be magnified too.
NZ has so many of its eggs in investment in the residential housing basket.
looks like end of month pension buying was the only reason for the late surge in US indices on friday. even after market futures were showing a near 300 pt rise for monday open but looks like all that has changed following the first confirmed death of an american from corona virus. now showing over a 300 pt decline monday at open this stage. this fits in with the technicals which are showing a consolidation at the lows hrly trading friday. apparantly trump is even considering border closure with mexico and is ratching up pressure on the fed to save the day of course which would only be a temporary reprieve in the scheme of the over inflated markets anyway. I think if the fed does nothing ( cause a fed rate cut not really going to do much at this stage you can tell that by the reaction of the market to powell comments on friday market went down after them) it actually gives them the chance to reset the narrative of everyone thinking the fed there to save the day for the market that is. then they can go back to do what they supposed to do demand side support.
Nasdaq way overvalued still sp500 and dow back in the giant trading ranges from before fed induced repo rally so maybe they find support back at the bottom of those ranges. asx still overvalued considering economics nz severley overvalued not reflecting any of the economics to come.
I'm feeling a little excited about black monday, let's hope it lives upto its name tomorrow.
ASB must be busy again. I had this problem too last Monday when was selling up. It can be very frustrating, when all you want to do is get out quick
Service Disruption – Trade ConfirmationsWe are currently experiencing technical difficulties with our customers receiving trade confirmations. There may also be delays in your orders reaching the market. Please call us on 0800 272 732 option 2 if you require any assistance with placing an order. We apologise for any inconvenience this may cause.