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06-02-2018, 03:42 PM
#3801
Originally Posted by Kay
Out of interest. Is there a defining point where a decline is labelled a "crash". Or is that media dependent?
More than 20% down.
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06-02-2018, 03:47 PM
#3802
Member
Thanks... And that would in the space of a week or so?
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06-02-2018, 03:49 PM
#3803
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06-02-2018, 03:50 PM
#3804
World financial system has stretched beyond the sustainable level. As a result of this, overheated markets are falling. In the meantime US dollar should stay firm. Stocks should follow commodity as well as Bit coin.
https://www.theguardian.com/business...arkets-falling
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06-02-2018, 03:52 PM
#3805
S&P500 down 0.9% Year to Date
Not too bad
Dire Staits had a great song — Why Worry
When investors are euphoric, they are incapable of recognising euphoria itself
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06-02-2018, 03:53 PM
#3806
learning to see in the dark
Originally Posted by bull....
yuk dow showing nearly a 1000pt fall again ffor tonight at the moment 4% fall now on open although long way to go yet , 8% fall in 2 days wow if it happens that could mean a 10% fall in nz tomorrow ? long way to go to tomorrow yet
Maybe, but personally, given the global outlook looks ok and there is no compelling apparant cause for a heavy decline other than a month of strong gains, I doubt the NZX will be that badly hit. ASX is already levelling out after the opening plummet. Hopefully the US markets start to show some restraint before the end of their sessions. We might get a mini ASX like sell off, some immediate drops on opening then a slow recovery by end of the day. Frankly I think Waitangi Day was perfectly placed to deflect the worst of this storm.
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06-02-2018, 03:56 PM
#3807
learning to see in the dark
Originally Posted by MARKETWINNER
World financial system has stretched beyond the sustainable level. As a result of this, overheated markets are falling. In the meantime US dollar should stay firm. Stocks should follow commodity as well as Bit coin.
https://www.theguardian.com/business...arkets-falling
This article is based on normal market control expectations - inflation rises, increase interest rates to counter it. But this is Trump we're talking about, he does everything people tell him not to and nothing they recommend. So there's every chance he will let inflation rise and leave rates where they are to the benefit of himself and friends.
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06-02-2018, 03:57 PM
#3808
Originally Posted by Lorne Ranger
This article is based on normal market control expectations - inflation rises, increase interest rates to counter it. But this is Trump we're talking about, he does everything people tell him not to and nothing they recommend. So there's every chance he will let inflation rise and leave rates where they are to the benefit of himself and friends.
Trump Isn't the Federal Reserve.
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06-02-2018, 04:01 PM
#3809
Yes Waitangi Day saved the NZX to a certain extent. Extended,overvalued markets are having sell-off and it is not abnormal. I also think NZ market will not hit that bad.
Originally Posted by Lorne Ranger
Maybe, but personally, given the global outlook looks ok and there is no compelling apparant cause for a heavy decline other than a month of strong gains, I doubt the NZX will be that badly hit. ASX is already levelling out after the opening plummet. Hopefully the US markets start to show some restraint before the end of their sessions. We might get a mini ASX like sell off, some immediate drops on opening then a slow recovery by end of the day. Frankly I think Waitangi Day was perfectly placed to deflect the worst of this storm.
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06-02-2018, 04:35 PM
#3810
Originally Posted by winner69
S&P500 down 0.9% Year to Date
Not too bad
Dire Staits had a great song Why Worry
They had a lot of great songs...unfortunately the Dow futures are providing a reason at this point to think correction this still has legs, currently trading at a fair value of more than 900 points lower again https://www.cnbc.com/pre-markets/
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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