Originally Posted by
Lorne Ranger
Maybe, but personally, given the global outlook looks ok and there is no compelling apparant cause for a heavy decline other than a month of strong gains, I doubt the NZX will be that badly hit. ASX is already levelling out after the opening plummet. Hopefully the US markets start to show some restraint before the end of their sessions. We might get a mini ASX like sell off, some immediate drops on opening then a slow recovery by end of the day. Frankly I think Waitangi Day was perfectly placed to deflect the worst of this storm.