More large scale borrowing to cover the gaping hole Twyford failed so miserably to make slightest impression on ?
When Govt are up their ears in large creative hoc by $100 Bills, whats another 5 or 10 or so to add to the growing red ink pile ? ;)
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We're out of the current round Div season, but then lots of loose $'s out there looking for a more rewarding home than the banks
added to, by proceeds of a couple of Take Out bids coming up
Possibly more pressure on a limited number of reasonable equities could see SP rises and Div yields flattening further
Uniquely positioned Co's with reported increased bottom lines are likely to be equally attractive
No CGT under Ardern's leadership should bode well for further advances in prices
In recent weeks & months, one would have to have been fairly unlucky to be out of the money
touching any of most of the targets on a dartboard ;)
More to do with the u.s elections. Nzs doing OK but the u.s has such a strong effect on the rest of the worlds markets
The US500 lost all its gains in the last couple of hours, and more.
However, my mate says its only a 4th wave (corrective) and we should be looking out for the 5th.
3400 is key level to watch for support
No disagree...The Treasury puts out their compulsory fiscal responsible (as required by the Public Finance Act) Pre-election Economic and Fiscal Update and that's it until after the elections...That update was released one month before the elections and that data is 2019-2020 financial year, the forecasts were updated as far back as mid August...thats a long time and both good and bad news has accumulated since then....
"...NZ's doing OK..." As with the rest of the world NZ has been considerably damaged economically..as with most other countries NZ has been forced to lower interests to zero or below, let house (property) prices rise rapidly to un-affordable levels so to create a wealth reservoir for Home owners, flood the markets with printed money, give money to the public and companies via wage subsidies etc..This is the recommended action to prevent a depression....Does that seem NZ is doing OK, might be to you Dlownz, but not me...Have a read of the Treasury report..It's forecast is gloomy e.g unemployment to peak at 7.8% in the March 2022 quarter.
I do agree that US has a strong effect on the World in general
Ref:
https://www.treasury.govt.nz/system/files/2020-09/prefu20.pdf (183 pages)
https://www.treasury.govt.nz/publica...nance-act-html
Please, please don't listen to Elliotician's. I have wasted too much time with EW theory. It's beautiful when it works, especially when we have Fibonacci confluence but it's incredibly subjective and esoteric at best. When we are given 'alternate counts' it's akin to saying price will go up or price will go down.