Black Monday

**skid** · 22-10-2015, 03:00 PM

Originally Posted by Baa_Baa

While it's going great guns in NZ, Aus is still hurting, China is bouncing along sideways due to government support, US has stalled at massive price resistance levels. What's going on? Uncertainty. I thought this was an interesting and brief read: http://www.fnarena.com/index2.cfm?ty...eid=2708549ebc

Interesting article--All those Buffett quotes may be a thing of the past,if ''peak buffett''plays out--Its easy to miss in this cosey little NZX how uncertain things are out there atm..

**banter** · 22-10-2015, 04:52 PM

Originally Posted by KW

Green light for the NZ market flashed on the 15th October. So as always, when the market changes, you change.

Agree with both. I'm also wary of global markets, but maintain certain NZ stocks are cheap.

Ten up days in a row here BTW (if today holds).

**bull....** · 23-10-2015, 06:12 AM

http://www.cnbc.com/2015/10/22/europ...cord-lows.html

more stimulus December possible

http://www.cnbc.com/2015/10/22/stock...s-us-data.html

earnings surprises

everything pointing to new highs coming , there are a lot of fund managers under invested in nz and aus with huge cash piles so they will have to invest otherwise they will underperform there benchmarks so this should underpin the markets.

**sb9** · 23-10-2015, 08:12 AM

Dow had another big jump, may be we see the magic 6000 mark soon on NZX.

**winner69** · 23-10-2015, 08:27 AM

Originally Posted by sb9

Dow had another big jump, may be we see the magic 6000 mark soon on NZX.

You should look at this (esp 6 months chart)

https://www.google.com/finance?cid=6551978

Getting back to where we were a while ago ......but don't look at the MAX chart

**freddagg** · 23-10-2015, 11:28 AM

So was it just an acorn then?

**allfromacell** · 23-10-2015, 11:42 AM

We just pushed into a new all time high, the bull market looks healthy to me.

**Baa_Baa** · 23-10-2015, 12:02 PM

US market seems to have got it's mojo back as well, the DOW push up through the 200EMA and the immediate price resistance will embolden the local markets. Still plenty of hurdles ahead for US markets but the bear is currently licking its wounds.