I say it isn't.
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S&P 500 broke down a fair way below its 200 day MA today. Make of that what you will but I have been selectively raising cash and going more defensive.
I think the short terms odds are with you in the USA and its influence,(futures are up) because of the lollies in play from tax cuts .They seem to be in the ''greed is good''state of mind at this point..but there is still alot of risk,especially in the medium to long term. We know at some point it will come ,and with all the protective regulations thrown out the window,in exchange for short term gains.there is not going to be much to fall back on. And thats the whole problem with this somewhat loose canon over there across the water--It affects us all......
Why markets are sliding and who you should blame for it
https://www.stuff.co.nz/business/opi...d-blame-for-it
Dow up 192 and Nasdaq up 66 in post market trading now. So a bit of a claw back. Will it hold?
can someone let us know when its safe to go back in and pick up some bargains?
I moved 30% into NZ and Global Bonds 3 months ago then watched the rest of my portfolio grow another 8% while my bonds languished. Should have moved to cash but oh well https://www.bloomberg.com/news/artic...in-for-markets