Black Monday

[Biscuit]

"Printer is Coming"

https://www.zerohedge.com/markets/fe...on-uncertainty

Hopefully the RBNZ will tread carefully and even reverse the recent tightening. You know, just to be on the safe side.

Its not like settings are in anyway "tight" at the moment and it is in no ones interest for inflation to get out of control. Hopefully RBNZ will get on with its job of properly managing monetary policy to control inflation.

[mikelee]

happy to see OCR go above 1.5% my money needs to work harder than me for a change

[Panda-NZ-]

Futures back to negative.

Yesterdays increase was bizarre given that both interest rates are increasing and further mutations are likely to come (even if there isn't a lockdown).

[alokdhir]

Moderna chief predicts existing vaccines will struggle with Omicron

Stéphane Bancel foresees ‘material drop’ in current jabs’ effectiveness, sending stocks and oil prices lower

[ratkin]

Moderna chief predicts existing vaccines will struggle with Omicron

Stéphane Bancel foresees ‘material drop’ in current jabs’ effectiveness, sending stocks and oil prices lower

People like him/her should shut the **** up tbh
Market manipulation at its finest.

On the one hand they say it is too early to speculate, then they come up with crap like the above. If he does not know he/she should just keep quiet

[couta1]

People like him/her should shut the **** up tbh
Market manipulation at its finest.

On the one hand they say it is too early to speculate, then they come up with crap like the above. If he does not know he/she should just keep quiet

Agree, see my comment about this on the Coronavirus thread.

[Panda-NZ-]

Satya Nadella selling his M$ shares.

[bull....]

maybe with both i think you need more time to know.

lot of people on thanksgiving holiday so they will return and make there decisions next week
we will have the end of mth print as well to help with reading the tea leaves too
see how next couple of sessions on wall st go to get a better read.

as we thought need more time to see how this play.s out

[bull....]

heres the two main news events causing market weakness

Financial markets fell sharply on Tuesday after the head of drugmaker Moderna said existing COVID-19 vaccines would be less effective against the new Omicron variant

https://www.reuters.com/world/asia-pacific/hong-kong-expands-travel-curbs-omicron-fears-australia-reports-5-cases-2021-11-30/?
utm_source=Sailthru&utm_medium=email&utm_term=The% 20Reuters%20Daily%20Briefing&utm_content=30-11-21&utm_campaign=30-11-21


Major averages dropped to their session lows after Federal Reserve Chairman Jerome Powell said the central bank will discuss speeding up the bond-buying taper at its December meeting

https://www.cnbc.com/2021/11/29/stoc...lose-news.html

might have to review my santa rally view , maybe oct was it ? might be a more volatile dec now and a uncertain 2022 for markets

[alokdhir]

People like him/her should shut the **** up tbh
Market manipulation at its finest.

On the one hand they say it is too early to speculate, then they come up with crap like the above. If he does not know he/she should just keep quiet

Actually he had the courage to speak what he thought to be perfectly logical thing ...He is quoting his top scientists about what is most likely case ...as MRNA Vaccines target spike proteins so any substantial mutation there will most likely reduce there efficacy ...how much will be determined in labs but experts after seeing the new mutation can safely assume it will be substantial