this position took a little while, but is now up 40 points.
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The DJIA down over 600 points now in a couple days. Been a while since we've seen some fear in the market which is interesting but will likely pass. Funny how everyone agrees corrections are required and acceptable until one happens especially this one with stocks being so overpriced.
I get the impression when things like this happens that people are investing with money they can't afford to lose hence the emotional response.
Does this tip the nzx50 down a bit on Monday?
A few random observations
Caution these may all be in error,
I wonder if bitcoin falling price is one of many factors ... bitcoinlosers realising on stocks to cover positions
Political uncertainty Britain, Eurozone, Trump... impact or Russia investigation and release of current memo news coverage, also inter alia, E&OE I seem to rememember him speaking direct to camera at one of his election rallies asking along these lines "Russia if you listening please deliver HC missing emails" does any one else recall something aong those lines ...
Art Cashin suggests big falls /low volume so far
Record cash flows into stocks in January ...
Successive all time index new highs and favourable company reports
Apple cider post binge remorse
In respect of NZX listed ETF there are low volumes each day, the daily falls over recent days due to low demand seem to exceed that of the underlying index, ie price is based on supply and demand emotions ..
did anyone notice the dow dropped 666 points ....