Black Monday

[xafalcon]

What are peoples thoughts about when the farming (milk) sector might bounce back?

The following need to change before a meaningful price recovery will occur. Not all need to happen, but several do, not just 1 or 2

- Russian ban on EU milk products must be lifted
- EU over-production must stop. Some member states have increased production significantly since quota's were dropped
- China must increase purchasing at least back to 2013 levels
- USA must not increase exports
- Fonterra must stop paying Aussie dairy farmers more for their milk than they pay their NZ farmers (who are also their company owners)
- Fonterra must grow branded value-add production 4-fold or more
- Forex must remain favourable

Many countries still subsidise dairy production. Current low prices don't necessarily hurt their farmers as much as NZ farmers. So NZ farmers have become the "swing producers" leading to massive ups and downs in farm returns. 10 years ago prices were much more stable year to year

[skid]

Will the spoiled wall street crowd revisit their interest rate paranoia and throw their toys out of the cot?--watch this space...

[BlackPeter]

Will the spoiled wall street crowd revisit their interest rate paranoia and throw their toys out of the cot?--watch this space...

Interesting to see how the European markets reacted on another reduction in the interest rate and a further QE ... markets dropped - DAX by more than 3%. Not sure whether this was disappointment about not enough QE - or disappointment that the RB has so little confidence in the state of the economy?

Probably just time for the Reserve Banks to show some guts and do what's best long term for the economy instead of trying to keep a bunch of fickle speculators happy. Negative interest rates will kill economies ... just wait for the first big pension funds (who can't fund their commitments due to "income from negative interest" anymore) to falter - now this would give a (not so nice) splash!

[skid]

http://www.wsj.com/articles/the-stoc...unk-1449397806

[skid]

Geez-oil down another 3+%--could be another rough day on wall str.

[Crackity]

Geez-oil down another 3+%--could be another rough day on wall str.

Luckily our sharemarket marches to the beat of a different drum eh Skid

[skid]

Luckily our sharemarket marches to the beat of a different drum eh Skid

So not the Oil drum.. eh?

[Baa_Baa]

Luckily our sharemarket marches to the beat of a different drum eh Skid

Lot of red today, maybe some nerves about DOW failing twice to make news highs from the recent August rout, after a stellar comeback though now currently falling to recent support? Other international markets are grappling with declines as well. Are we seeing big money taking profits locally?
Attachment 7759

quick note: I drew the Fib retrace from the August bottom but if it is drawn from the Sept 29 low, then the current retrace is right on the significant 38.2% -- spooky Fibs. Probably bounce here eh?

[Crackity]

Lot of red today, maybe some nerves about DOW failing twice to make news highs from the recent August rout, after a stellar comeback though now currently falling to recent support? Other international markets are grappling with declines as well. Are we seeing big money taking profits locally?
Attachment 7759

tongue very firmly in cheek Baa

[Baa_Baa]

tongue very firmly in cheek Baa

perhaps, the Cracks are appearing again, lol