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Thread: Black Monday

  1. #61
    Speedy Az winner69's Avatar
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    Quote Originally Posted by KW View Post
    I heartily recommend everyone read the first post from this thread - http://www.sharetrader.co.nz/showthr...in-a-Downtrend

    Followed by http://www.sharetrader.co.nz/showthr...light=phaedrus
    He was a good guy that Mr P - very astute as well.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #62
    Speedy Az winner69's Avatar
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    Our old friend Hussman reminded us last night that - Valuations are the main driver of long-term returns, but the main driver of market returns over shorter horizons is the attitude of investors toward risk],

    And many are now a lot more risk adverse and won't be buying if down days are here for a while. Need keen buyers to start a turn around if we are indeed in a big correction.

    Ties in with what Mr P said in those posts KW linked to.
    Last edited by winner69; 24-08-2015 at 03:16 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #63
    The Kid
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    Quote Originally Posted by KW View Post
    I heartily recommend everyone read the first post from this thread - http://www.sharetrader.co.nz/showthr...in-a-Downtrend

    Followed by http://www.sharetrader.co.nz/showthr...light=phaedrus
    Great posts for novices like myself thanks KW.

  4. #64
    Speedy Az winner69's Avatar
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    Can't be a bad day ...pumpkin patch up a few %
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #65
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    The markets may well bounce sharply later today or later this week, but I will not invest anything at this stage. Severe technical damage has been done to almost every market around the globe. Most people have had no chance to sell out yet and those sellers will cap any bounce. Some markets are down 5% from their peaks; some are down 30%. I don't try to predict the next few months but if there are more severe sell-offs, followed by repeated failures to break the lows of those sell-offs, then I would start piling in 2-3 months for the usual end-of-year rally. But that's a big IF.

  6. #66
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by KW View Post
    To make all you NZX investors feel better - AJX and YOW down 15% today :-(
    Ouch ...I'm picking your local liquor outlet might get a visit very shortly...mine will too...might as well drown your sorrows...what else is left to do after such a horrid day.
    Last edited by Beagle; 24-08-2015 at 04:31 PM.

  7. #67
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    Quote Originally Posted by winner69 View Post
    Can't be a bad day ...pumpkin patch up a few %
    GEO up too. Go figure.

    NZX50 off 2.5% today. No idea what tomorrow will bring.

  8. #68
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    Glad was busy with other stuff on, didn't pay much attention to daily trade. Not a bad thing after all!

    Not expecting any great moves tomorrow either, might be another lower day again. Brighter on wed perhaps??

  9. #69
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    Fph almost up. Must be a good reason. No doubt we will find out on Thursday.

  10. #70
    ShareTrader Legend Beagle's Avatar
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    http://www.cnbc.com/pre-markets/

    China market now down nearly 9%. Dow Jones futures off nearly 500 points.

    Just imagine what losing 9% of your portfolio's value in a single day would feel like...you'd have a bloody bad headache that's for sure
    Last edited by Beagle; 24-08-2015 at 04:34 PM.

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