Black Monday

[bull....]

breakdown below 2960 , back into the giant trading range.

[Stranger_Danger]

Would be great if that was all it took. Sell your shares and hold cash. Except. Interest rates are plummeting. Inflationary pressures are right up, such as wage increases, government and local authority charges. Everything is going up except for the inflation rate based on cpi. The method of calculating the cpi needs to change quite markedly. Cash used to be king, now cash is crap.

Yes, but if we get to a point where inflationary pressures cannot be ignored and interest rates have to go up as a result, the level of speculation means all hell would likely break loose and cash would have a huge option value.

It's a tough one though - cash has indeed been made to be trash and speculation is the new king. For example, did you ever expect to type a paragraph where you say that interest rates are plummeting but inflationary pressures are up?

A very strange, and in my view, risky, place we all find ourselves.

P.S It was only December of last year that cash was last king. Things are far less stable than they look, and they don't look that stable!

[bottomfeeder]

We should have so many inflationery pressures. If I remember rightly, we should have the perfect storm of wages pull inflation and cost push inflation, yet the cpi is so low. Such a strange scenario. Yet confidence is down, and they are bringing interest rates down. I think the economy is in arythmia and is going to have a financial cardiac arrest. Where that leaves investors holding cash and shares I dont know, but I wish I did.

[bull....]

cny tanking making the futures plummet , must be in retailation?

that 2960 level on the sp500 broke last week giving us an early warning of declines to come and the fact we have re - entered the giant trading range means prices are open to the possibilty of falling all the way back to the bottom of the range at around 2600 in time. we will know in hindsight of course.

The nzx50 is massively overbrought on RSI measures mthly and weekly due to safe yield buying will this continue who knows but buying at highly valued levels is high risk when the chickens come home to roost.

[Joshuatree]

Currency war in progress .Yuan dropped to more then 7 to the $US ,last seen re 10 years ago.This eliminates trump taxes for the moment. Good for gold not much else.Bit coin also starring atm.Mkts down futures down , tech stocks on ASX down re up to 10% eg APX. Int rates down, flight to safety happening.Chinese money could be looking to exit.A capital Flight. CNBC

[Balance]

Currency war in progress .Yuan dropped to more then 7 to the $US ,last seen re 10 years ago.This eliminates trump taxes for the moment. Good for gold not much else.Bit coin also starring atm.Mkts down futures down , tech stocks on ASX down re up to 10% eg APX. Int rates down, flight to safety happening.Chinese money could be looking to exit.A capital Flight. CNBC

If yuan is dropping, last thing Chinese would want to do is to sell other currencies & buy yuan?

[Joshuatree]

ATPIT USA mkts down 2.5 to 3 % atm.DOW hit 700 atm points down. Gold up to $1467 oz. Iron Ore 4.5% plus down, Copper, Tin, Zinc down. Steel, Coffee, Wheat, Oats, Milk, Lumber. Oil 2- 3.5% down. China suspended buying USA agricultural products.

So you think your'e having a bad day heres some relief
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[bull....]

ATPIT USA mkts down 2.5 to 3 % atm.DOW hit 700 atm points down. Gold up to $1467 oz. Iron Ore 4.5% plus down, Copper, Tin, Zinc down. Steel, Coffee, Wheat, Oats, Milk, Lumber. Oil 2- 3.5% down.

someone else up at this crazy hr lol , savage eh the start of big correction to bottom of the range maybe 1000 today? nz massive over brought has the biggest to fall someday.

has anyone else noticed nz market there no liquidity anymore , volumes really dried up. good luck getting out if things go pear shaped

[ratkin]

someone else up at this crazy hr lol , savage eh the start of big correction to bottom of the range maybe 1000 today? nz massive over brought has the biggest to fall someday.

has anyone else noticed nz market there no liquidity anymore , volumes really dried up. good luck getting out if things go pear shaped

Lol, we could do with a savage correction. Prices have been a ridiculous levels for a few years now. NZ in its own little bubble, might be the next Ireland.

[Mickey]

has anyone else noticed nz market there no liquidity anymore , volumes really dried up. good luck getting out if things go pear shaped

Yep - I sold about 80% of my portfolio a couple of weeks ago and it took me 2-days to completely sell down due to the lack of liquidity. I thought at the time that I wouldn't want to be selling in a pressure situation.