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18-10-2020, 11:22 PM
#8501
Last edited by nztx; 18-10-2020 at 11:23 PM.
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18-10-2020, 11:30 PM
#8502
Originally Posted by Dlownz
How's everyone feeling at the mo with the market. I've got a feeling we have maybe
one more good week before we see a slide again. The u.s is so close to elections now somethings got to give.
Just feels a little like January where it lures you into a false sense of security then boom.
Thinking things will start to bounce in December. Only time will tell I guess
We're out of the current round Div season, but then lots of loose $'s out there looking for a more rewarding home than the banks
added to, by proceeds of a couple of Take Out bids coming up
Possibly more pressure on a limited number of reasonable equities could see SP rises and Div yields flattening further
Uniquely positioned Co's with reported increased bottom lines are likely to be equally attractive
No CGT under Ardern's leadership should bode well for further advances in prices
In recent weeks & months, one would have to have been fairly unlucky to be out of the money
touching any of most of the targets on a dartboard
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19-10-2020, 05:46 AM
#8503
Originally Posted by nztx
We're out of the current round Div season, but then lots of loose $'s out there looking for a more rewarding home than the banks
added to, by proceeds of a couple of Take Out bids coming up
Possibly more pressure on a limited number of reasonable equities could see SP rises and Div yields flattening further
Uniquely positioned Co's with reported increased bottom lines are likely to be equally attractive
No CGT under Ardern's leadership should bode well for further advances in prices
In recent weeks & months, one would have to have been fairly unlucky to be out of the money
touching any of most of the targets on a dartboard
My thinking is its the u.s market which will affect the global market. They are still supercharged and artificially so. If they pop in the stimulus it may hold out a little longer
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19-10-2020, 09:00 AM
#8504
Originally Posted by Dlownz
How's everyone feeling at the mo with the market. I've got a feeling we have maybe
one more good week before we see a slide again. The u.s is so close to elections now somethings got to give.
Just feels a little like January where it lures you into a false sense of security then boom.
Thinking things will start to bounce in December. Only time will tell I guess
What gives you the feeling there is just one more good week?
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19-10-2020, 09:57 AM
#8505
Originally Posted by dobby41
What gives you the feeling there is just one more good week?
Usually the accumulated bad/depressing news pops out of the woodworkl after each election.
Last edited by Hoop; 19-10-2020 at 09:58 AM.
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19-10-2020, 10:07 AM
#8506
More to do with the u.s elections. Nzs doing OK but the u.s has such a strong effect on the rest of the worlds markets
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19-10-2020, 10:30 AM
#8507
The US500 lost all its gains in the last couple of hours, and more.
However, my mate says its only a 4th wave (corrective) and we should be looking out for the 5th.
For clarity, nothing I say is advice....
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19-10-2020, 04:35 PM
#8508
3400 is key level to watch for support
one step ahead of the herd
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19-10-2020, 05:47 PM
#8509
Originally Posted by Dlownz
More to do with the u.s elections. Nzs doing OK but the u.s has such a strong effect on the rest of the worlds markets
No disagree...The Treasury puts out their compulsory fiscal responsible (as required by the Public Finance Act) Pre-election Economic and Fiscal Update and that's it until after the elections...That update was released one month before the elections and that data is 2019-2020 financial year, the forecasts were updated as far back as mid August...thats a long time and both good and bad news has accumulated since then....
"...NZ's doing OK..." As with the rest of the world NZ has been considerably damaged economically..as with most other countries NZ has been forced to lower interests to zero or below, let house (property) prices rise rapidly to un-affordable levels so to create a wealth reservoir for Home owners, flood the markets with printed money, give money to the public and companies via wage subsidies etc..This is the recommended action to prevent a depression....Does that seem NZ is doing OK, might be to you Dlownz, but not me...Have a read of the Treasury report..It's forecast is gloomy e.g unemployment to peak at 7.8% in the March 2022 quarter.
I do agree that US has a strong effect on the World in general
Ref:
https://www.treasury.govt.nz/system/files/2020-09/prefu20.pdf (183 pages)
https://www.treasury.govt.nz/publica...nance-act-html
Last edited by Hoop; 19-10-2020 at 06:24 PM.
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20-10-2020, 10:25 AM
#8510
Originally Posted by peat
The US500 lost all its gains in the last couple of hours, and more.
However, my mate says its only a 4th wave (corrective) and we should be looking out for the 5th.
Please, please don't listen to Elliotician's. I have wasted too much time with EW theory. It's beautiful when it works, especially when we have Fibonacci confluence but it's incredibly subjective and esoteric at best. When we are given 'alternate counts' it's akin to saying price will go up or price will go down.
Last edited by causecelebre; 20-10-2020 at 10:28 AM.
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