Black Monday

[Bjauck]

Last October my financial assets dropped by 4.72 per cent. It was quite a month. Fortunately, everything recovered and if people stayed invested, it's been a good 12 months.

I was 89 per cent invested in equities at that point. Over the last few months I've reduced my equities to just over 60 per cent (Genesis is my biggest holding at around 6 per cent of my portfolio) and have cash on hand and some precious metals through Australian ETFs.

So I guess just at this point in time, on balance, I'd quite like a bit of market meltdown. So far so good, but I know we can do a lot better than this.

"A bit of a market meltdown" sounds to be a bit of a contradiction! Maybe you want a correction?

A market meltdown creates serious pain to a lot of people. It often means a collapse in investment and housing prices too. There is not much more room to drop interest rates. The NZ residential housing market is a debt fuelled bubble and a sudden meltdown in asset prices is the last thing we need.

[bull....]

US to impose tariffs on EU aircraft and agricultural products

https://www.cnbc.com/2019/10/02/us-t...o-victory.html

this just announced after US wins WTO case . opening up another trade war?

[dobby41]

US to impose tariffs on EU aircraft and agricultural products

https://www.cnbc.com/2019/10/02/us-t...o-victory.html

this just announced after US wins WTO case . opening up another trade war?

A bit rich really given they don't like the WTO.

[Bjauck]

US to impose tariffs on EU aircraft and agricultural products


https://www.cnbc.com/2019/10/02/us-t...o-victory.html

this just announced after US wins WTO case . opening up another trade war?

Add to that mix, the effect on trade of the likelihood that Johnson's latest Brexit plan will be contrary to the Good Friday Treaty and be a non-starter with the EU. So Boris Johnson's kamikaze Brexit Come What May could drag the UK out of the EU on Halloween without a deal to soften the blow to normal trade and commerce.

[bull....]

Add to that mix, the effect on trade of the likelihood that Johnson's latest Brexit plan will be contrary to the Good Friday Treaty and be a non-starter with the EU. So Boris Johnson's kamikaze Brexit Come What May could drag the UK out of the EU on Halloween without a deal to soften the blow to normal trade and commerce.

the world is a mess , dont worry jacinda will keep NZ afloat

[Bjauck]

the world is a mess , dont worry jacinda will keep NZ afloat

Trump and Mini-Trump are in cahoots?

[couta1]

the world is a mess , dont worry jacinda will keep NZ afloat

Lol they cant even keep themselves afloat let alone the country.

[bull....]

Nice rally last two days has retraced 50% of the fall this week making it not to bad in the context of October being a volatile month traditionally and often providing good buying opportunities for the traditional end of year rally. ( except last year) bad data on manufacturing and services caused the fall but expectations of more rate cuts and a not to bad jobs data saved the week.
Im thinking if we hold above august lows around dow 25300 , sp500 2820 should be good for rally into xmas of course im just basing all this on past history and nothing is for sure. Trump might tweet lol.
Anyway supporting the market will be
79% consensus for a rate cut by the fed in October ( probably need more insurance) add in Australia expectations high for rate cut November and nz high expectations for rate cut November. Did you notice in NZ 10yr bonds just on the verge of falling under 1% wow probably why the big buying in gentailers on Friday reinforced by the DJU hitting new highs as people still search for yield in a ever increasing race to zero.

[Joshuatree]

the world is a mess , dont worry jacinda will keep NZ afloat

So right.So glad our finance minister is being so conservative atp holding alot of firepower funding in reserve because of global slowing etc worries.A good pair of hands.

[bull....]

just out

The Federal Reserve will soon start growing its balance sheet again

https://www.cnbc.com/2019/10/08/powe...heet-soon.html