Interesting article--All those Buffett quotes may be a thing of the past,if ''peak buffett''plays out--Its easy to miss in this cosey little NZX how uncertain things are out there atm..
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http://www.cnbc.com/2015/10/22/europ...cord-lows.html
more stimulus December possible
http://www.cnbc.com/2015/10/22/stock...s-us-data.html
earnings surprises
everything pointing to new highs coming , there are a lot of fund managers under invested in nz and aus with huge cash piles so they will have to invest otherwise they will underperform there benchmarks so this should underpin the markets.
Dow had another big jump, may be we see the magic 6000 mark soon on NZX.
You should look at this (esp 6 months chart)
https://www.google.com/finance?cid=6551978
Getting back to where we were a while ago ......but don't look at the MAX chart
So was it just an acorn then?
We just pushed into a new all time high, the bull market looks healthy to me.
US market seems to have got it's mojo back as well, the DOW push up through the 200EMA and the immediate price resistance will embolden the local markets. Still plenty of hurdles ahead for US markets but the bear is currently licking its wounds.
It was a show put up by all techno giants, Microsoft, Google and Amazon reporting strong earnings.
New all-time high today of 5971, surpassing 5939 on 5/8/15.