One way of looking at it BP
Sharetraders get caught up in the general market hype .....maybe, like lambs to the slaughter.
Printable View
One other thing with that table is that most of the bigger ‘losers’ are still making more money than last year.
PE multiples are what drive market direction
The NZX capital index chart got ugly today dropping convincingly below 200 E&DMA. Below the uptrend line from 2012, now resistance. Ugly. Modest support around 8370 then 7360 below that (monthly log chart). October! History doesn't repeat but it does rhyme. Or something like that. Still heaps of headroom for the long haulers, but they also know corrections can turn into crashes and it all happens in excruciatingly slow motion. You look back and ask yourself why if you saw it coming that you did nothing about it.
Good spotting Baa Baa and Greater Fool. The bog standard 200 day moving average has been broken over the past week but it has been broken three times before in the last 6 years and the market has still advanced. However, of more interest is the upwards trend line of the NZSX50 that has been in place since 2012 has just been broken :(. Who knows what the future holds but I take this as a red alert signal - no buying, action all sell signals, keep capital safe at the moment.