Black Monday

[bull....]

22 was the key for sell off

[arc]

A nice article regarding the NZ economy and lack of productivity.

http://www.interest.co.nz/opinion/89...iving-economic

Interesting, JBWere issuing a "Caution" notice is a "must read"

22 was the key for sell off

Both S&P and DOW... beggs the question, Are bigger players already starting to unwind their positions?. But these declines have repeatedly happened before.

When considering current Internet scuttlebut says 2018 "might" be the time when a correction "could" eventuate.

Will be interesting to see what eventuates

While we are on the "potential for doom and gloom" subject. What are your folks thoughts on defensive stocks to hold during "tough economic times". eg The necessities of life, electricity, food, ??, and I know someone is going to say Gold..

[JeremyALD]

Not a great day on the stock market!

[peat]

Not a great day on the stock market!

unless you're a buyer !

[Hoop]

unless you're a buyer !

....who may or may not regret his/her actions later on

Interesting to see NZ currency falling (breaking TA) due to recently released lower than expected economic data
.

[winner69]

....who may or may not regret his/her actions later on

Interesting to see NZ currency falling (breaking TA) due to recently released lower than expected economic data
.

House sales data pretty weak for July (REINZ)

Don't underestimate the impact this has on future retail consumption and building activity (lower economic growth)

Even the RBNZ has this as Scenario 2

[bull....]

....who may or may not regret his/her actions later on

Interesting to see NZ currency falling (breaking TA) due to recently released lower than expected economic data
.

Also risk off trade , notice us dollar and gold all up , nz dollar falls when risk off

[peat]

....who may or may not regret his/her actions later on

depends on your time frame....

Interesting to see NZ currency falling (breaking TA) due to recently released lower than expected economic data
.

yes I have my NZD/USD shorts in place, they were hurting quite badly but I know my position sizing and could ride it through. in the black now.

[Hoop]

depends on your time frame....




yes I have my NZD/USD shorts in place, they were hurting quite badly but I know my position sizing and could ride it through. in the black now.

Mr Wheeler would be your friend atm...eh Peat... threating NZ$ intervention and all that..

Mind you firing off a BB gun into a herd of elephants and expecting them all to fall over is a very big ask..eh

Respecting that Wheeler is a intelligent man, maybe his intention/motive is adding a tiny bit more fuel to the already downtrending fire..

[peat]

Mr Wheeler would be your friend atm...eh Peat... threating NZ$ intervention and all that..

I wasnt aware he threatened that actually. I know their directive is only to act when there is a high likelihood of it having a worthwhile impact so he will never fight the trend (like I stupidly too sometimes)