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Thread: Black Monday

  1. #3911
    Membaa
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    Quote Originally Posted by peat View Post
    I'm not seeing it on the FNZ or the NZX50.
    It's bit scratchy calling a double top about 13 points on 31 Jan below the high 5 Jan, but NZX certainly turned away on the broader sentiment. The whole thing looks like a brain fart at the moment. Silly but reality, that NZX reacts so preciously to SP5/DOW, but it does. Hence eyes on.

  2. #3912
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    DOW looking like a 300 point drop on opening Disney exceeds profits estimates.

  3. #3913
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    Dow up about 200 points. Can't help but think a lot of wishful thinking and reporting but the media and those who know sweet FA about the stock market. We do know that nothing goes up forever so we know what to expect.

  4. #3914
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    Quote Originally Posted by bohemian View Post
    Dow up about 200 points. Can't help but think a lot of wishful thinking and reporting but the media and those who know sweet FA about the stock market. We do know that nothing goes up forever so we know what to expect.
    those 200 pts all but gone in 10 mins after your post just goes to show things are still highly volitile
    one step ahead of the herd

  5. #3915
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    Personally I think the possibility of an exaggerated Saw-Tooth decline pattern evolving is relatively high. Sell-offs tend to happen as discrete bulk events, but they are ongoing, brokers stop for a while, "an hour", "a day" or so to let the market think it's the new "low" ... before commencing another round of sell-offs.

  6. #3916
    Speedy Az winner69's Avatar
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    This quite good -

    Stock markets slide for a day. Result: mass panic and wall-to-wall coverage.

    Soil is sliding off the land worldwide, threatening the entire basis of human survival. Result: indifference, no matter coverage.

    What is salient is not important

    What is important is not salient

    (Don’t know who said, sent to me without reference)
    Last edited by winner69; 08-02-2018 at 07:41 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #3917
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    Quote Originally Posted by winner69 View Post
    This quite good -

    Stock markets slide for a day. Result: mass panic and wall-to-wall coverage.

    Soil is sliding off the land worldwide, threatening the entire basis of human survival. Result: indifference, no matter coverage.

    What is salient is not important

    What is important is not salient

    (Don’t know who said, sent to me without reference)

    Absolutely...
    There is also that old saying, You cant eat dollar bills.

  8. #3918
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    MASSIVE intraday and daily volatility the new normal. I'm expecting the complete opposite of 2017 remarkable calmness for most of 2018.
    Strong stomach's and seat belt's required or take some money off the table for a while like I have.
    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

  9. #3919
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    MASSIVE intraday and daily volatility the new normal. I'm expecting the complete opposite of 2017 remarkable calmness for most of 2018.
    Strong stomach's and seat belt's required or take some money off the table for a while like I have.
    You into these VIX derivatives ...they sound fun

    Even though some funds have been wiped out over the last day or two
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #3920
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    the times are a changing , better adjust your strategies
    one step ahead of the herd

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