Get your money out while u can....
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Get your money out while u can....
really
ANALYSIS: Don't be surprised if the Reserve Bank slashes the official cash rate by as much as 50 basis points within days.
https://www.stuff.co.nz/business/119...interest-rates
sounds like the banks in NZ are starting to panic now about whats coming
Some reassuring news reported in NYT, around 80% of cases are mild like a common head cold, vast majority of those infected so far have only had mild symptoms & make a full recovery & even mild cases should provide future immunity.
Virologist says many people are panicking and exaggerating the risks.
There is also a massive difference in the severity rate, related to age & pre existing chronic health conditions which is obviously what you would expect.
Healthy individuals under 50 (& not worked to the point of exhaustion & repeated contact with the virus like the doctor) seem to have little to worry about.
https://www.nytimes.com/2020/02/27/w...-recovery.html
fed does an emergency rate cut and the stock and bond markets are crashing. expect similar result in nz. nz stock market severley overvalued
to much uncertainty to hold stocks for me , ill wait for earnings to catch up with reality or for a cure to the virus before i go all in again. although in a bear down draft day trading can sometimes be profitable or shorting stocks.
long term returns guess come from buying at reasonable levels eh guess if you own stocks from 10 yrs ago or what who cares eh unless its air or thl etc lol
NZX holding up well this morning by comparison but I reckon it's going down further once the Aussie opens.
Currently DOW 26217 up 300 points........ S&P 500 up 29....... Nasdaq 100 up 103
The NZSE Bull officially died this morning .You made our economy very strong, helped reduce unemployment and created us wealth...you will be missed old friend.. RIP
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China could well be our saving grace at this point with their recovery dawning , both Australia and NZ should benefit from that sooner than some others perhaps