Or perhaps more instructively, "What would Buffett do?" :)
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EUR/AUD is a good indicator - it's been climbing solidly for the past week, then fell this morning until now....it's climbing again.
USD/JPY and AUD/JPY also good indicators. Both started turning 15 mins ago.
I took a mtge to buy meridian shares even brought more after there latest profit ill use the divs + my wifes salary to pay it off - I don't care if the price declines because I don't think there gonna go bust anytime soon and im pretty sure over time ill make more than any capital loss from the divs.
bit like an investment property really
Do you really think this is just about HFT?
All cycles are getting quicker & quicker, but HFT in reality has little to do with a cycle's span.
Fundamentals don't change just because you can trade in milliseconds.
HFT just creates a lot more noise at times & some times for no apparent (fundamental) reason.
I would beg to differ that this is just about a HFT smash & grab.
I took a mtge to buy meridian shares even brought more after there latest profit ill use the divs + my wifes salary to pay it off - I don't care if the price declines because I don't think there gonna go bust anytime soon and im pretty sure over time ill make more than any capital loss from the divs.
bit like an investment property really
Re-reading my txt I suppose it does sound a bit over the top. No I dont think its just/only about hft. I object to their continual skimming, its like "protection money".
I have no trouble tipping a waitress, its voluntary and a show of good faith/appreciation.
If your bank manager pocketed $1K from your new mortgage for himself, and did it to every customer...
Your paying a middleman every time you trade, both buy and sell...
Well the NZX 50 was back in black, as I speculated earlier on when we were still down about 1%... ASX still up well over 2% (2.5% currently), rest of Asia bouncing back nicely, will be interesting to see if the US and Europe bounce back... (they should do, analysts have always reinforced there was more in the bull run, although yes a temporary dip wasn't unexpected, and good to shake things out)
If that was it we got off lightly. However my gut feel Is that the worst is yet to come, maybe after one last run after reporting season. Interested to know the mind set of the baby boomers out there who no longer work. Are you looking to lock in gains now or keep going long? Is that democratic cliff just around the corner? Interested in your thoughts baby boomers.
Shanghai composite index down just about 7% breaking through 3000....down now 26% in the last 5 sessions, makes tomorrow interesting!
looks like "we can't quite take our seat belts off yet", hope everyone still has their hats...
To be perfectly honest, I think the Chinese situation is bit overhyped. Yes, they're some concerns around the regulation of their markets, but how do we know where to even start let alone their authorities. It's the situation created by them and the bubble is burst now and reality bites!!!
Its time each market stands on their merit to large extent, agreed we can't ignore what's happening around us but we can't get go on forever on their plight!!!
just my 2c...
Market futures in the green...is it really the end..http://www.cnbc.com/pre-markets/
Whilst not the same, the past two trading days remind me a bit of 2001. We were about to travel for a couple of weeks so we cashed in our small 26k NZD value of shares (asx stocks like gtp, hwe to name just two). We had thought we had valued them well (oblivious to their debt levels) and sold them on an "up" having made a very very tidy profit. We happily travelled and landed back on 9/11 2001. Took off to bed (resident in Asia at the time) and then boom....9/11 hit. Accordingly we waited for a few days then repurchased those same shares, now down back at our original buy price. Quickly they tracked back up and we sold....then the anthrax scare...so we bought those same shares again...and Held them for quite some time. The net outcome was more than nice. On returning to NZ, we sold to put a good deposit on a home (before the main property boom) and paid our deposit out of our access brokerage account 2 days before access brokerage went belly up. Looked back at the shares a couple of years later.....hwe (Henry walker elton) had gone bust some months later....heck, I looked at their numbers again...I wouldn't touch them now.
What did I learn? Buy my stocks after valuing them, market cycles are sometimes "useful". I learned that in those days I didn't know much even though I thought I did (no idea about company debt levels..naive wee investor!). Sometimes luck is just there as is bad luck. Always, always, always, never ever (for my family) will I not secure my share gains!
The world's financial focus seems to just be on China and the Far East at the moment. They seem to be ignoring what continuing low oil and other commodity prices will be doing to the economies of some of the major producers (Russia, Brazil etc.)... Perhaps the hedge funds are saving that one up for the next leg down?
Interest rate cut in China, American markets rebounding, European markets extremely strong... should be a good day for NZX (and ASX)