Black Monday

[bull....]

One day we will all wish we had never heard of the share market. That day is not today.

yes loving it, go the dow my funds were moved offshore last yr mostly hence my infatuation with the dow lol good timing considering the out performance vrs nz.

listened to trumps speech hit all the right notes.

[huxley]

China cutting growth forecast

[bull....]

what a nice week definitely a black Monday for the bears who used to lurk on this thread. anyway top of the long term channel I have is 21000 at this time. im sure trump will get us there just need a few good tweets

top of the channel was actually just above 21000 as of today compared to the post but we made it last week as the projection move implied guess we are at the top of the channel so we will have to play day to day see what happens.

rough figures below on last 20 weeks performance leading into us election and after US election

Security Name	Close	20 Week %
Dow Transport	9491	18.06
Dow Industrials	21005	15.81
JAPAN	19469.1699	15.50
Russel	1394.13	14.99
GERMANY	12027.3604	13.68
Nasdaq	5870.75	12.59
S&P 500	2383.1201	11.73
FRANCE	4995.1299	11.72
BRAZIL	66800.7422	8.15
Dow Utilities	698	7.06
OIL	53.26	5.93
AUSTRALIA	5729.6001	5.44
LONDON	7374.2598	5.14
CHINA	3218	5.06
INDIA	28832	4.19
EEM	38.19	3.55
HANG SENG	23552.7207	1.37
HYG	87.99	1.30
NEW ZEALAND	7160.8701	0.39
CRB	189.71	0.13
GOLD	1235	-1.36
TLT	119.35	-9.30

NZ not doing to good, could be because of our utility nature but I don't think so as Dow utilities have performed very strong last few weeks.
I think it the upcoming election uncertainty and when you get English say he might change superannuation well that has really caused uncertainty as big changes will surely mean national will lose the election. ( unless maybe it was only changes to migrant rules on receiving super) anyway his vagueness has ensured a lot of uncertainty this yr now.

Heading to the states soon see whats happening - cant wait

[arc]

US stocks fall
S&P declines slightly, 4th day in a row

https://www.bloomberg.com/news/artic...t-markets-wrap

[bull....]

the decline this week reinforces the top of the channel marker for the time being

[BullishBear]

Great posts for novices like myself thanks KW.

Agreed! Thanks KW!

[bull....]

anniversary of the 8yr bull market today although markets are hardly celebrating or maybe there celebrating by selling a few to feel the cold hard cash in there account.

its now the 2nd longest bull in history I believe

[winner69]

anniversary of the 8yr bull market today although markets are hardly celebrating or maybe there celebrating by selling a few to feel the cold hard cash in there account.

its now the 2nd longest bull in history I believe

Janet has gone well hasn't she

But if history is anything to go by Fed fuelled asset.bubbles have never ended well

But this time is different eh ......might even go for another 8 years

Just keep watching those charts closely .....and be prepared

[arc]

Both the DOW and S&P have been slowly declining since the beginning of the month. Euphoria wearing thin ?

[BlackPeter]

Both the DOW and S&P have been slowly declining since the beginning of the month. Euphoria wearing thin ?

Add to that
- NZX might form a head and shoulders pattern
- ASX just had a double Top and
- rising interest rates (very likely) are typically (at least short term) not good for markets.
- Fear and Greed index still in overdrive (though coming down over the last weeks) and
- Hoop is buying into speculative stocks (referring to the PPH thread)

So - yes, the signals don't look that flash at the moment. Short term I think it is more likely to go keep going down a bit than to keep going up. And mid term? Who knows what will cause the next big drop - North Korea? Greece? China? Trump starting WWIII? Somebody realising that most countries won't be able to repay their debts, particularly in a rising interest rate environment?

What makes me really nervous though, is that for some time nobody seems to predict the end of the financial world as we know it anymore. Are really all the doomsday sayers retired? They have an important task to play ... they keep us on our toes and the markets aware.