Have a good christmas folks,
its looking like next year may be more of the same... Big teeth and Sharp claws
https://moneymaven.io/mishtalk/api/a...kqkvGPu6xFIRA/
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Have a good christmas folks,
its looking like next year may be more of the same... Big teeth and Sharp claws
https://moneymaven.io/mishtalk/api/a...kqkvGPu6xFIRA/
The majority trend.
https://www.forbes.com/sites/brettst...t-history/amp/
Strap yourselves in for a volatile 2019! If you're a net buyer of stocks and in it for a long term then this will be a good time to get in the market, especially if you're flush with cash.
If you're going to retire in the next year to 18 months or need to take money out then it might be a bad time to be in the market.
Good companies just keep trucking along regardless of market sentiment, growth companies like A2 will keep on growing, high dividend utilities and the like will keep paying good dividends so Ka Sera Sera. PS-If your going to retire in 18 months and really need the dosh you shouldn't be in the sharemarket in any meaningful way anyway.
There seems to be a whole bunch of self soothing comments on here. I think its pretty clear to most that markets are in correction territory and we can expect a bear market over the next year or longer. A falling tide lowers all boats, so if you are still in, don't just be prepared for volatility, be prepared to lose money over the next year or two. Only the really, really good can make money in bear markets...
everyone is a trend follower on the way up ........and a mean reversion person on the way down
DOW been up 980 points, currently 930 odd , will we have the end of day sell off, i hope not , lets see how strong the conviction is today. Oil up 9% odd too.
Largest one day gain ever on the DOW over 1000 points up ,thats 5%!!!
Nasdaq 5.84% up
S &P 500 5% up
Trump leaving the country anything to do with it:)
I won't be surprised if the N.Z. market is not euphoric about that after all we were closed and couldn't react to the 650 point fall on Christmas eve U.S. time so a net gain of about 400 points on the DOW. Despite this one day rebound this is probably still the worst December on the U.S. markets since the great depression of 1929 !
Still looks like a correction but I guess time will tell.
As every good salesman knows, you try and advance your position as far as you can, before actually sitting down at the negotiation table.
I'm hoping a lot of the rhetoric from Trump (e.g. "I'm a tariff man") which is contributing to the instability in the markets is just brinksmanship, & that since his re-election in 2020 more than anything depends on good economic numbers, we will see deals being made with China in the new year & a winding back of the inflammatory stuff which is making the markets so twitchy.