Is a Bear Market starting to play out on the NZX ?

I sold out entirely just over a week ago and pulled my managed funds back to cash as well. Proving so far to have been rather well timed (albeit more by accident than by design) as I almost perfectly picked the peak for my portfolio.

I don't particularly think COVID-19 is going to be any great pandemic (in terms of loss of life), but rather that it's coinciding with irrationally high valuations and debt levels and anything that might force a lot of businesses to take a meaningful loss for any sustained period of time is going to cause a flight to safety in case it triggers a more widespread meltdown. Ironically that behaviour in itself leading to a run on the markets.

The DOW doesn't agree with you Cadalac, down another 1190 points today.I remember going down watching the 2008-9 crash ;never again, selectively sold down many stocks on the 4th Feb. Doing something is better than nothing imo.Then again riding it out is another option, although this is the longest Bull ever, long way to fall if we do end up with a pandemic.

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Originally Posted by Joshuatree

The DOW doesn't agree with you Cadalac, down another 1190 points today.

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Exactly, regardless of whether it is FUD or not. Mr Market is selling

This poll result doesn't look to good.

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Originally Posted by Joshuatree

The DOW doesn't agree with you Cadalac, down another 1190 points today.I remember going down watching the 2008-9 crash ;never again, selectively sold down many stocks on the 4th Feb. Doing something is better than nothing imo.Then again riding it out is another option, although this is the longest Bull ever, long way to fall if we do end up with a pandemic.

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Sure is. I think a lot of the young ones on here have never seen a bear market and have only ever known bullish markets so they could be in for a very harsh lesson. I hope I am wrong and this is just a "garden variety" correction. Like you I started selling down much earlier this month and now am almost completely out.
Banks, finance companies and airlines do very poorly in a bear market so I now have modest sized short positions on AIR and HGH.

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Originally Posted by Joshuatree

The DOW doesn't agree with you Cadalac, down another 1190 points today.I remember going down watching the 2008-9 crash ;never again, selectively sold down many stocks on the 4th Feb. Doing something is better than nothing imo.Then again riding it out is another option, although this is the longest Bull ever, long way to fall if we do end up with a pandemic.

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And yet the China market went up. Minimal cases outside China...

Yes ..bear is here...but people here hoping to bounce back....I believe market has not seen the worst yet....so...yeahh.... buckle up....

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Originally Posted by Schrodinger

And yet the China market went up. Minimal cases outside China...

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That was yesterday, today is another day...

getting close to maximum fear though ?

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Originally Posted by Schrodinger

And yet the China market went up. Minimal cases outside China...

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It went up because the Chinese government bought it up.