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Thread: Black Monday

  1. #7801
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    Quote Originally Posted by Aaron View Post
    Blackrock has 5% of Fletchers Building and 5% of Contact Energy. I wonder how many other NZX companies they own just under 5%. With the NZX 50 capitalisation at $150billion and Blackrock managing $7 trillion it is a shame (or outrage) they are being given cheap money to take income generated in NZ, offshore. These are the companies being protected by central bank policies.
    Precisely!

  2. #7802
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    Quote Originally Posted by bull.... View Post
    yea its all about fomo and momo now and who can print the most. fundamental analysis is dead in this environment
    An interesting take on who is buying and who is selling to them. Particularly the participants charts, especially who the countercyclical investors are.

  3. #7803
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    Imagine that the Fed hired Blackrock to buy Junk Bonds and ETFs to bail out Blackrock’s Bond portfolio and then Blackrock bought ETFs managed by Blackrock from Blackrock that have as their biggest holding, not bonds but a Blackrock money market fund

    https://twitter.com/paranoidbull/sta...173453319?s=21

  4. #7804
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    Quote Originally Posted by kiora View Post
    "Fink and Blackrock are criminals. The FED is paying Blackrock to buy its own etfs. Conflict of interest. END THE FED. Buy Gold and Silver. This stock BUBBLE has popped. The FED has been propping it up 100 percent since MARCH."
    https://finance.yahoo.com/news/black...125917150.html
    Corporations can get away with “crime” because although they are under the law defined as legal persons corporations cannot be jailed when they do wrong like living persons. They have the rights of a person – to own property etc, but they don’t have the responsibilities. So when there is criminal behaviour like that found during the Australian Royal Commission into Banking corporations get off lightly. They may be fined, but the extra profits they make from misconduct more than cover the fine in the unlikely event they are held accountable and fined. Rarely is a director or someone from a corporation jailed.
    The National party says it will be tough on crime. However criminals are poor people, gang members and those who use physical violence, not those in corporations who swindle the public.

  5. #7805
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    More criminal behaviour at the top - Treasury is enabling the Fed to break the law.

    https://realinvestmentadvice.com/the...y-light-speed/

    Per the Federal Reserve Act, the Fed can only purchase or lend against securities that have a government guarantee. So how can they purchase non-government guaranteed securities?
    The simple answer is the Treasury is enabling the Fed to side-step the law, or to be more accurate, break the law.
    As the Fed’s accomplice, the Treasury Department provides $75 billion of initial funding from the Exchange Stabilization Fund. The funds are deposited into a special purpose vehicle (SPV), and specifically aimed to purchase secondary market corporate bonds. Technically, the Treasury, not the Fed, is buying those securities on behalf of taxpayers.
    Enter the co-conspirator. The Fed, acting as an intermediary and employing asset manager BlackRock, intends to leverage that amount ten times. This allows the Fed to buy an additional $675 billion in securities and select Exchange Traded Funds (ETFs).

  6. #7806
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    https://www.nzherald.co.nz/business/...ectid=12334142

    NZ banks instructed to have systems ready by 1 November 2020 to implement negative interest rates.

    May not happen but more likely, will imo as the economic settings re unemployment are starting to get really bad out there.
    Last edited by Balance; 25-05-2020 at 09:00 AM.

  7. #7807
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    On May 7th the Reserve bank sent this letter to Banks regarding negative interest rates (opens as a PDF.) It says that negative interest rate will not apply to retail customers.

    www.rbnz.govt.nz › media › ReserveBank › Files › ump

    The purpose of this letter is to outline that negative interest rate functionality in the
    New Zealand banking system remains a priority from an operational and risk
    management perspective.
    Towards the end of 2020, we intend to assess banks’ capability to operate with zero or
    negative interest rates on:
    a. the Reserve Bank’s standing facilities and ESAS balances (including above credit tiers
    should these be reintroduced);
    b. a range of financial market securities (e.g. bank bills, bonds, interest rate swaps, and
    derivatives); and
    c. all products relating to non-retail customers.
    Based on international evidence, interest rates on retail products have tended to be bound by zero and we do not expect banks’ retail systems and documentation to be prepared for negative interest rates.

  8. #7808
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    Quote Originally Posted by Baa_Baa View Post
    An interesting take on who is buying and who is selling to them. Particularly the participants charts, especially who the countercyclical investors are.
    the fed

    will never be able to stop printing and will never be able to raise rates again without bringing everything down. be interesting the future for sure
    bull

  9. #7809
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    Quote Originally Posted by Baa_Baa View Post
    An interesting take on who is buying and who is selling to them. Particularly the participants charts, especially who the countercyclical investors are.
    Meanwhile, for the bottom 90% it's just the opposite....the rich are dumping their stock to the poor.The technical term is "distribution".
    Last edited by Fred114; 26-05-2020 at 10:07 AM. Reason: word missing

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    Quote Originally Posted by Fred114 View Post
    Meanwhile, for the bottom 90% it's just the opposite....the rich are dumping their stock to the poor.The technical term is "distribution".
    I think that is a hilarious article. Apart from being arrogant in the extreme, the authors cannot even read a graph and misinterpret the data to support their bogus theory. It's fairly obvious from the data that in the past the small guys got their timing better than the "rich".

  11. #7811
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    Quote Originally Posted by bull.... View Post
    heres a 24hr chart one i use of dji on a 2hrly clearly shows the range


    Attachment 11616


    can see the clear bounces of bottom and top of ranges. if your going to use pivot points you need to confirm them with other indicators
    breaking up from range on the dji and sp500 is also. sp500 also reclaimed just above 200 day moving average usually bullish longer term but give it a few days too see if it can sustain the move.
    money printing is sure doing a good job of pushing stocks higher , stocks trade at forward earnings more expensive than most periods in history now but i guess that doesnt matter as long as the presses are still going strong. remember its momo that matters at the moment not fundamental analysis.

    NZD breaking higher from range to over 62c now and what better way to trade it than fph rising strongly in trend remember its momo not fundamentals that matter lol
    bull

  12. #7812
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    Quote Originally Posted by bull.... View Post
    .... remember its momo not fundamentals that matter lol
    bull.... bull....

    While Momo is a wonderful Asian food,
    but then all Asian food is wonderful,
    fundamentals always matter.
    om mani peme hum

  13. #7813
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    mentioned earlier RBNZ had declared war on term deposits for the benefit of mortgage holders and the banks are party to this now dropping mortgage rates and now taking a sledge hammer to term deposits

    ANZ takes term deposit rate offers down to levels never seen before, with almost no offers above 2%

    https://www.interest.co.nz/personal-...most-no-offers


    so expecting as we head to negative rates in the next year mortgages should be heaps cheaper and term deposits heaps lower.
    tough environment for people with money near zero real return on term deposits now and only a few certain companies paying reliable dividends going forward will make it hard to get a return. but hay thats the downside of money printing to high heaven anyway borrowing shi..loads at low rates upfront to fund the next 40 years of life style sounds appealing too me now if ive still got a job of course and knowing now the RBNZ like the fed thru money printing will never allow stocks or the property market too fall makes me feel good too plan the dAY
    Last edited by bull....; Yesterday at 07:46 AM.
    bull

  14. #7814
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    Quote Originally Posted by bull.... View Post
    mentioned earlier RBNZ had declared war on term deposits for the benefit of mortgage holders and the banks are party to this now dropping mortgage rates and now taking a sledge hammer to term deposits...

    ..... but hay thats the downside of money printing to high heaven anyway borrowing shi..loads at low rates upfront to fund the next 40 years of life style sounds appealing too me now if ive still got a job of course and knowing now the RBNZ like the fed thru money printing will never allow stocks or the property market too fall makes me feel good too plan the dAY
    Property and shares/kiwisaver funds increasingly seen as the 'safe havens'......... got to be good for the share market (at least in the short term.)

  15. #7815
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    The doomsday merchants licking their wounds and staring enviously at the gains made in the market.

    Blaming the Fed & Central Banks for printing money to avert a depression and severe market crash!

    Isn’t the sharemarket a fun place to observe human behaviour? 🤔

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