Hmm - NZX50 dipped again below the MA200 - though it felt that some of the stocks I am watching started to improve again towards the end of the day ...
Needs still confirmation ... but we certainly do live in interesting times ...
On top of that I see the Dow is called down 286 points and Nasdaq 102 as I type. Could be an interesting day tomorrow if this continues.
A timely reminder from the book of Proverbs on a day like today as I was reading chapter 23." Don't wear yourself out trying to get rich, be wise enough to know when to quit, in the blink of an eye wealth disappears for it will sprout wings and fly away like an eagle." Sleep tight all.
A timely reminder from the book of Proverbs on a day like today as I was reading chapter 23." Don't wear yourself out trying to get rich, be wise enough to know when to quit, in the blink of an eye wealth disappears for it will sprout wings and fly away like an eagle." Sleep tight all.
Geepers Couta thats enough to give a Bear nightmares!
"Global markets including the U.S. have peaked. We should be prepared for the next round of financial crises and turmoils."
Schedule doesn't really work for me, I'm already busy lounging around the office and day-dreaming about a long summer holiday I have booked. Can we just delay panicking until about March when the Europeans start to really squeeze the British? It seems more reasonable for all involved.
Not a bad sort of day on the S&P500 today — solid buying after early jitters
This is interesting from twitter though — shows the big number that doesn’t look too bad (yet) hides a lot of losses over the last year. Prob NZ situation is similar but brokers don’t tell you that sort of stuff.
Carl Quintanilla (@carlquintanilla)
24/10/18, 3:10 AM
"74% of the S&P is now 10%+ off their 52-week highs.
Of those, 200 companies are in a 'bear market' (20% or more below their 52-wk high).
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
A timely reminder from the book of Proverbs on a day like today as I was reading chapter 23." Don't wear yourself out trying to get rich, be wise enough to know when to quit, in the blink of an eye wealth disappears for it will sprout wings and fly away like an eagle." Sleep tight all.
Thanks for sharing mate. There's some awesome wisdom in the book of Proverbs. My Living Bible Proverbs 23 v4-5 puts it this way. Don't weary yourself trying to get rich. Why waste your time ? For riches can disappear as though they had the wings of a bird. (Emphasis added).
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
Is this the time the greedy are shovelling into their holdings as the fearful panic and pull the trigger.
Or do the patient wait for those bargains at some future final capitulation point , days , weeks or months ahead (who knows)?
Originally Posted by BlackPeter
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