Black Monday

[couta1]

Out of interest. Is there a defining point where a decline is labelled a "crash". Or is that media dependent?

More than 20% down.

[Kay]

Thanks... And that would in the space of a week or so?

[stoploss]

https://www.investopedia.com/terms/c/crash.asp

[Valuegrowth]

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

[winner69]

S&P500 down 0.9% Year to Date

Not too bad

Dire Staits had a great song — Why Worry

[Lorne Ranger]

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.

[Lorne Ranger]

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.

[stoploss]

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.

[Valuegrowth]

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.

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.

[Beagle]

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/