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.
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
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.
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
”When investors are euphoric, they are incapable of recognising euphoria itself “
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.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
Bookmarks