Black Monday

[bull....]

US markets having a reasonable risk of day today on bad retail sales , NZD getting thumped big time , NZ in lockdown , ORR ( RBNZ ) rate decision today be an interesting day in the NZ market might have to stay up and watch the action.

NZX current trading range 12814 - 12580
bigger range 12814 - 12090

negative divergences long term charts on an RSI indicator

[ratkin]

US markets having a reasonable risk of day today on bad retail sales , NZD getting thumped big time , NZ in lockdown , ORR ( RBNZ ) rate decision today be an interesting day in the NZ market might have to stay up and watch the action.

NZX current trading range 12814 - 12580
bigger range 12814 - 12090

negative divergences long term charts on an RSI indicator

According to ASB the rate rise unlikely to happen now, even though it is needed. Gives them an excuse to bottle it

[bull....]

no rate hike today by the rbnz and futures are now pricing in only 1 now for the rest of the year. think those banks might have to start dropping there mortgage rates again

[Mista_Trix]

As someone trying to buy a home. The move of no-move is super frustrating, may the hot prices continue.

[Bobdn]

Will be interesting to see how low the NZD goes. If oil and other commodities hold up, we could see some spectacular imported inflation.

[mcdongle]

On the radio this morning Orr said 2% for rates which means a home loan rate of about 5%

[Entrep]

Market appears to be off to the races again. Expecting more gains next week, post-Powell.

[JBmurc]

Market appears to be off to the races again. Expecting more gains next week, post-Powell.

For the month of August we've made 10 new intraday, all-time highs in the SPX... this hasn't happened in the month of August since 1987. The record number of intraday, all-time highs in the month of August is 11... which happened in 1929.

[Bobdn]

1929...yes it all feels crazy and I think that no amount of diversification (unless one is mostly in cash) will help when the balloon goes up but each "episode" is different so who knows. I was watching Tom Lee on CNBC just a few minutes ago on a Fast Money special. Very good as always. He thinks markets are going to be "in great shape" in 12 months but things are going to be volatile in the meantime.

I'm still not leaving the party lol and will brace myself for the inevitable feeling you get in the pit of the stomach when you suffer losses. You think you're ready for it but nothing can actually prepare you for it and then you play the game of "if I had sold last week I could have bought a [insert high priced consumer item from new OLED TV to new Honda Jet depending how much you've got invested]. That game never gets old!

The Tom Lee clip has been posted on Youtube.

https://www.youtube.com/watch?v=qXPWawbP-VY

[Grimy]

. That game never gets old!

You've got that summed up perfectly!