Black Monday

[couta1]

nz market retraced about 50% from the lows before finding resistance , still looks bearish to me.

what about oil absolutely plunging 6% down now , 26% last mth pretty much

https://www.stuff.co.nz/sport/combat...oleksandr-usyk

No worries, Santa rally is coming, cheap oil equals cheap petrol ,gosh that sounds like a Christmas present for many also.

[arc]

No worries, Santa rally is coming, cheap oil equals cheap petrol ,gosh that sounds like a Christmas present for many also.

So you think the price of petrol will drop for christmas... good luck with that.

refiners perspective; cheaper crude = bigger profit

[Leftfield]

We can all relax.....bear market is 2 years away????

https://www.bloomberg.com/news/artic...d=premium-asia

[Joshuatree]

Hilarious ehh
“We’re definitely late cycle, and so at some point we’re going to enter a bear market, and it’s going to happen in the next year and a half, maybe two,”

[bull....]

vix is at the top of the consolidation range. you know this correction is far from over when the vix hasnt behaved like in previous quick sell offs . anyway vix when it moves from consolidation if to the upside is looking like we gonna get a huge move in the market by the way i had a short on apple at 215 just before there update it was the only fang not to have declined like the others and now its joined the party

[BlackPeter]

We can all relax.....bear market is 2 years away????

https://www.bloomberg.com/news/artic...d=premium-asia

I read "Bear Market Coming Within Two Years". This could be tomorrow - or it could be in two years. Maybe better not to relax too much based on this article ...

[bull....]

retest of the recent lows looks likely now

[peat]

It seems to me as if there is a bit of a flight to quality occurring

[Joshuatree]

Wow , Baltic dry index down 5.17% in one day, 27.67% in one week and 36.30% in one month!

[NeverQuestion]

I read "Bear Market Coming Within Two Years". This could be tomorrow - or it could be in two years. Maybe better not to relax too much based on this article ...

Someone should do a study of market predictions made over the years and plot it to what actually happened. I would be interested to know how accurate they truly are or if they are just trying to get free advertising!