Black Monday

[winner69]

Business confidence dives - close to GFC lows

https://www.nzherald.co.nz/business/...B2GGCNV35J7GQ/

Westpac guy says the gloom is setting in.

Quote. Confidence among New Zealand businesses fell sharply in November, with a net 57% of businesses now feeling pessimistic about the economic landscape. That’s a sizeable drop from what were already low levels.

[causecelebre]

US job openings down to 1.7 per worker. Realestate sales continue slowing. J Powell a little more dovish with possible 50 bps rate increase in December.

[bull....]

powell's speech still happening has put a rocket under the market

[winner69]

powell's speech still happening has put a rocket under the market

Cool ….FPH 25 bucks today

[alokdhir]

Cool ….FPH 25 bucks today

Hopefully U managed to get some close to $ 18 bucks or kept waiting for low teens ? Knowing u ...u got some surely , shud have rung the bell too to help your ardent followers ...lol

[alokdhir]

powell's speech still happening has put a rocket under the market

In Feb our Mr Orr will be singing the same tune ...just wait for it ...His engineering a recession talk is for 3 months break medicine only

[bull....]

Cool ….FPH 25 bucks today

still see a bit of a rally left in the nz market so you might get lucky

[winner69]

Hopefully U managed to get some close to $ 18 bucks or kept waiting for low teens ? Knowing u ...u got some surely , shud have rung the bell too to help your ardent followers ...lol

Shame is that FPH not really worth $25 plus but as long as the market still thinks so whose complaining…it’s all about sentiment eh …..warm fuzzies at the moment

[bull....]

In Feb our Mr Orr will be singing the same tune ...just wait for it ...His engineering a recession talk is for 3 months break medicine only

actually powell didnt change his tune , maybe market liked him saying moderation in hikes to come ?

guess you wont like wilson accessment of what's to come ( his call's been spot on last yr odd )

‘Wild ride’: Morgan Stanley’s Mike Wilson predicts double-digit percentage drop will hit stocks in early 2023

https://www.cnbc.com/2022/11/29/doub...n-stanley.html

[alokdhir]

Shame is that FPH not really worth $25 plus but as long as the market still thinks so whose complaining…it’s all about sentiment eh …..warm fuzzies at the moment

IMO we are not well equiped to decide true valuations of stocks like FPH ...so I dont even try anymore ...gut feeling agrees with u but Mr Market is always the supreme boss ...yes no complaints ...if u cant beat them then join them is my new found wisdom