Black Monday

[Baa_Baa]

[snip] ... and no doubt some Kiwisavers moving to more conservative funds will exacerbate things a bit.

Sadly it can take days or weeks for changes in Kiwisaver weightings to take effect, meantime the market could be a lot lower, or higher .. and people might forget that the KS managers will still be buying equities but now at lower prices. Best imho to settle on a KS weighting that suits ones circumstances and forget about it, unless personal circumstances change. It's a big ask to think one can 'trade' KS by chopping and changing their weightings.

[Clints]

The stock market is not the economy eh

But one can effect the other, my comment was the irony in what was on display.

[winner69]

Mark Lister from Craigs just tweeted he was going to have a day off but has gone to work to fix the share market

That's good ... no worries

[Mickey]

I think the wild ups and downs are driven by bots. The last part of the trading day was intra trading and likely to be mostly bots, especially when the DJ passed through the 50-day moving average.

[Joshuatree]

Mark Lister from Craigs just tweeted he was going to have a day off but has gone to work to fix the share market

That's good ... no worries

BEING AN OPTIMIST I just rang craigs to see if they had bothered to leave just one broker on duty, nah useless B'stards.

[winner69]

BEING AN OPTIMIST I just rang craigs to see if they had bothered to leave just one broker on duty, nah useless B'stards.

Probably busy with the big end of town mate

Surely somebody there to buy more LOV for percy today

[Joshuatree]

NOBODY there and im big enough. Just one more encouragement to leave Craigs traditional brokerage altogether.

[JeremyALD]

NOBODY there and im big enough. Just one more encouragement to leave Craigs traditional brokerage altogether.

JT I bought some FXL today. Seems like damn good value to me

[bull....]

NOBODY there and im big enough. Just one more encouragement to leave Craigs traditional brokerage altogether.

how do you sell aussie shares then or buy lol if nobody there

[kiora]

My view is it keeps me sharper,less lazy.Leverage magnifies the gains.One just has to make sure it doesn't magnify the losses.Yesterday just sold down my short/med term part of my portfolio to pay down my OD