Black Monday

[bull....]

The Treasury downgrades forecast for economic growth

https://www.stuff.co.nz/business/128...conomic-growth

the downgrades start

[dobby41]

The Treasury downgrades forecast for economic growth

https://www.stuff.co.nz/business/128...conomic-growth

the downgrades start

People didn't used to trust Treasury forecasts - why start now?

[bull....]

anyway the nz budget might save the day

looks like the budget saved the day lol nzx only down .46%

[Panda-NZ-]

People didn't used to trust Treasury forecasts - why start now?

Having a gander into this month's horoscope might be more informative.

[SailorRob]

SPX down more than 4% ….that’s a bad day ….even worse than being 3% down

Suppose NZX will be down today

I thought that was a good day?

Don't we want to secure future cash flows for cheaper prices? Reinvest dividends at far more attractive rates?

Everything is arse about face.

Even if I have no cash to invest... A massive decline will make me phenomenally wealthy as long as it doesn't recover quickly.

[nztx]

looks like the budget saved the day lol nzx only down .46%

still a sea of red though .. will US markets add or subtract overnight ?

Let's face it - things domestically don't look too outstandingly glossy ahead

I'll let someone else delve into the depths of a range of R words

[nztx]

Having a gander into this month's horoscope might be more informative.

Perhaps best not your own - but advisers may need to decipher & interpret the one for Robbo

You know - the ones that charge Govt at least 250 K for even entering the front door

[JBmurc]

Strange day ... started off down 60-70k ...now getting to the end of the day up 3k WTF? biggest fall in the DOW for last 2yrs >>

[nztx]

Strange day ... started off down 60-70k ...now getting to the end of the day up 3k WTF? biggest fall in the DOW for last 2yrs >>

yes something similar here .. NZX pulling things down

[Baa_Baa]

The Futures market is supposed to be telling the future right?

Zooming out to a monthly chart of the Nasdaq futures there have only been two previous second month closes below the 24 month EMA since the dot-bomb bust. GFC was the other one. Decide for yourself whether the tech index currently is a bomb or a GFC or something else.

I suspect many here haven't experienced a serious rout or how long it takes to recover.

Look how long it took to recover from the highs. The Dot-Bomb took about 16 years to recover to it's 'futures' price. The GFC was in the middle of that, it stole 3 years of that Dot-Bomb recovery.

Look also that this is only the third time in twenty+ years that Naz futures are forecasting a second month lower close below the 24 month EMA. And it's only just starting.

There's a hard lesson coming.