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26-03-2020, 06:35 PM
#6831
SP action past couple of days looking like DCB/Bear Trap. SP’s rose quickly but petering out already, a fizzer setup for further falls?
Have a look at the remarkable symmetry of your favourite share chart to the DOW30 futures chart.
There’s heaps of bad business and economy news to come, no need to rush into buying apparently beaten down share prices. IMHO
Patience.
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26-03-2020, 08:47 PM
#6832
The US jobless figures should make an interesting read, although not sure what day they are counted to. Bound to come out way under the true figure
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26-03-2020, 09:40 PM
#6833
Value investor said:
In all seriousness, I'm just finding little pockets of unbelievable value and staggering my money into the market. Into individual stocks right now,
There are staples and drugs companies that are doing well now and will do future too. They could become corona winners. I agree we find unbelievable value in individual global stocks which include USA. My plate is fill with food. I am waiting for some growth stocks to become value stocks.
Last edited by Valuegrowth; 26-03-2020 at 09:42 PM.
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26-03-2020, 09:50 PM
#6834
Originally Posted by Baa_Baa
SP action past couple of days looking like DCB/Bear Trap. SP’s rose quickly but petering out already, a fizzer setup for further falls?
Have a look at the remarkable symmetry of your favourite share chart to the DOW30 futures chart.
There’s heaps of bad business and economy news to come, no need to rush into buying apparently beaten down share prices. IMHO
Patience.
Thanks for posting your thoughts BaaBaa
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26-03-2020, 11:42 PM
#6835
Hey rupert bear,
This is exactly how I see it aswell...
The comfort we had from the Quantitative easing measures will subside and the real forces will continue to come to the foray...
Half of the world's population is now in lockdown....
Heaps of bad news to come unfortunately...
.^sc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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27-03-2020, 05:54 AM
#6836
Market has now gone up 20% from the low, this could be the last day of the rally, and a good second chance to remove any portfolio dogs.
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27-03-2020, 07:41 AM
#6837
Originally Posted by ratkin
Market has now gone up 20% from the low, this could be the last day of the rally, and a good second chance to remove any portfolio dogs.
Which NZX50 companies do you think are dogs - and do not yet have share prices that reflect that - in the current situation?
Last edited by Bjauck; 27-03-2020 at 07:44 AM.
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27-03-2020, 07:46 AM
#6838
Originally Posted by ratkin
Market has now gone up 20% from the low, this could be the last day of the rally, and a good second chance to remove any portfolio dogs.
Market looks like it will go up sharply today. Dow is currently up 4.5%.
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27-03-2020, 08:43 AM
#6839
Originally Posted by blackcap
Market looks like it will go up sharply today. Dow is currently up 4.5%.
Agree. Just a false rally to draw in some suckers. Next weeks figures will undo all the u.s gains in the last week.
There's only one way this is going
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27-03-2020, 09:22 AM
#6840
Originally Posted by Dlownz
Agree. Just a false rally to draw in some suckers. Next weeks figures will undo all the u.s gains in the last week.
There's only one way this is going
The figures in the US are already out. 3.5m extra unemployed. Yet the Dow goes up by 6%. I think with QE we will see asset price increases. Quite possible that markets cannot really go down. Individual companies may fail but the market as a whole will probably rise sharply in proportion to the QE that is enabled.
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