Black Monday

[BlackPeter]

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)?

That's the 100 million dollar question.

I do sit on the fence ... though I did buy some recently ;

[Timesurfer]

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).

The delicate balance between that and 2Thessalonians 3:10

[Biscuit]

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)?

Probably both those things as they are not mutually exclusive. I doubt it is the right time to be greedy. I'm in the patient camp, but then I have been for a while now.

[Beagle]

The delicate balance between that and 2Thessalonians 3:10

"He who does not work shall not eat". My interpretation on the difference is the former refers to "striving" (hence the likelihood of becoming weary especially in this market) to get rich whereas the latter refers to the dignity of good honest day's work without necessarily any attempt to get rich out of it.

[Lewylewylewy]

"He who does not work shall not eat"

You're confused, that's not from the book of proverbs, i think that was the government's mantra on raising the retirement age, whilst simultaneously reducing the cost to the healthcare system due to OAPs

[bull....]

watch the feb lows , bounce or crash? remeber nz is massively overvalued as of today

[couta1]

watch the feb lows , bounce or crash? remeber nz is massively overvalued as of today

Not entirely true bull, still value plays around and others that have not increased over the last year or so.

[bull....]

Not entirely true bull, still value plays around and others that have not increased over the last year or so.

nz could still fall around 1200 pts or another 13% just to hit the near the bottom of the up trend channel , currently its still near the top even oafter the 8% its already fallen. just goes to show nz was running on nitro fumes. pe ratios are still high , grossly high for some big caps. anyway guess your know in hindsight a

[Balance]

watch the feb lows , bounce or crash? remeber nz is massively overvalued as of today

How massively overvalued,Bull?

[bull....]

How massively overvalued,Bull?

chart wise , % wise nz out performed most markets time to catch up on the down side i reckon. , pe wise very high , earnings growth slowing , input costs rising , global growth slowing etc

anyway time for bed another day tonight