Loved this video. Kevin has sold his stocks and crypto - a $20,000,000 portfolio. Very interesting to hear his reasons.
I'm doing absolutely nothing (which he thinks is a perfectly fine option for a non trader like me). I'm doing the 4 per cent rule as a retiree. I can't be darting in and out of markets at the first sign of trouble. However, if markets "shat themselves" and I mean really made a mess where you actually end up having to throw the pants out rather than putting them in the washing machine, then I would spend frugally for the next year or so until the ship was righted somewhat. I'm a 4 per cent rule convert but happy to be flexible.
If it's a correction as seems likely then the ASX has 10% to go down, similar to early 2016 and late 2018.
I dont know about that - Oz have already had their Omocron effects priced in starting months back .. onshore here
- NZX may well see further effects being effectively priced in, in places IMO
A lot has changed since 2016 & 2018 - Oz has Minerals / Resources sought after globally and an
active sector extending their interests into resources globally.
Where is our Minerals & Mining Sector ? (Best ask the snails)
Where is our Energy Sector now ? (not just the Wind Water & Solar either)
Where is our Manufacturing Industry now ?
Just the stuff that goes in Coffee & Cheese left now & Export Meat off to China jobs left ? or not ?
Shame about that..
What is happening now is a Localised NZ event on top of the past week's global economic dip
but with Omocron thrown in + lack of Lifejackets etc - how deep will it go in the next 1-2 months ?
Throw in estimates 10's of thousands of new infections, all the disruption (the news warns of all these) and
where or how much lower could things go ?
Possibly some good opportunities may appear, depending on how the Omocron Red Lights continue to go down, for those who dare.
At worst - no Govt support likely to date - how deep could the fall be - halfway to or the full March 2020 repeated ?
Already for the bruised & battered businesses in some areas - this may be the final blow
without a Govt life jacket anywhere to be seen.
Grant's 4 Bills left in C19 kitty isn't going to go far - so on that basis if unchanged,
suggests numerous casualties will be left up the creek without a paddle by the current
"KIND" administration, now apparently abandoning responsibility for things..
Where did I read that the smart money has already gone off to European markets ?
Anyone blame them ?
but just MTCW
Last edited by nztx; 24-01-2022 at 11:58 PM.
Reason: add more
JP Morgan updated their 2022 year-end price target on the S&P 500 to 4,440, which would represent a decline of 6.0% from the current price or about -5% total return.
Lucky that JP Morgan are pretty useless forecasters
If it did end up the year at 4440 we might be happy
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by bottomfeeder
big fall 
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