Black Monday

[bull....]

sp500 2750 resistance failed next one is just over 2800 also around the 50% retracement level from the low. the week was characterised by the largest % jumps in the most beaten down names which funny enough are the ones most affected by the down turn to come. NZ was no different in this regard.

More than 600,000 Australians apply for early release of superannuation under coronavirus assistance scheme

https://www.abc.net.au/news/2020-04-...ction=business

I see this figure has doubled already from my previous post.
Still think NZ govt should do the same with kiwisaver not only does it relieve mental stress when people have a financial back stop provided from a 10 k or 20k boost to peoples bank accounts it provides a boost for the economy.

[Entrep]

bull.... and other bears, do you still think we should fight the fed? I do see elsewhere that a lot of bears seem to be capitulating (I am still highly bearish and sitting on cash).

[Balance]

bull.... and other bears, do you still think we should fight the fed? I do see elsewhere that a lot of bears seem to be capitulating (I am still highly bearish and sitting on cash).

Cash which is going to be worth bugger all when the trillions of dollars pumped out of thin air swamp the financial markets.

[bull....]

bull.... and other bears, do you still think we should fight the fed? I do see elsewhere that a lot of bears seem to be capitulating (I am still highly bearish and sitting on cash).

im still mostly cash apart from the odd short term trade i do because i still believe we are in a bear market and yes fighting the fed has historically proven to be a losers game. but these are not normal times.

if we race to new highs here when unemployment around the world is going thru the roof and company earnings are going to be less and fundamental multiples are still expensive at these levels based on future earnings etc then i say the whole stock market world is rigged because of this money printing and there will never be a bear market again in history lol.

[Entrep]

https://twitter.com/SmartContracter/...044543488?s=09

1.jpg

[bull....]

https://twitter.com/SmartContracter/...044543488?s=09

1.jpg

nice charts

[Balance]

https://twitter.com/SmartContracter/...044543488?s=09

Overlay with charts from 1987, 1997 and 2007 - then you will get a picture of what governments and central banks have learnt to do when confronted with economic crisis.

[Bobdn]

Best week for the S&P since 1974.

https://www.cnbc.com/2020/04/08/stoc...lose-news.html

I wonder if the last month included some of the best investing days of the decade?

https://www.cnbc.com/2020/03/07/when...best-days.html

[Balance]

Best week for the S&P since 1974.

https://www.cnbc.com/2020/04/08/stoc...lose-news.html

I wonder if the last month included some of the best investing days of the decade?

https://www.cnbc.com/2020/03/07/when...best-days.html

Probably - these events happen once every 10 years or so, the last being in 2007/09.

But who really knows if there's another wave of selling to come?

https://www.bbc.com/news/business-52236936

One can only learn from the greatest investor of our time and 'pay a fair or bargain price for a great business' when the opportunity presents itself.

The sun will still rise tomorrow and 2 years from now, the great businesses will still be around.

[Leftfield]

Best week for the S&P since 1974.
https://www.cnbc.com/2020/04/08/stoc...lose-news.html
I wonder if the last month included some of the best investing days of the decade?

Only time will tell...... however, just as NZ's 'success' managing covid-19 is different from other nations, so too the economic effect for sound NZ companies will be different.

I expect a large fall in the USA markets in the coming months but am increasingly confident that sound NZX companies will be spared the worst.