Quote Originally Posted by Tomtom View Post
They've had a long run of good performance so I'm not that worried about some adjustment to valuations.

I'm more concerned about local economic factors like long running under-target CPI, low business confidence, low impact fiscal policy and RBNZ not having many bullets left. Tiwai alone isn't a high impact event but the cumulative pressure may cause a downturn.
The world’s buying heaps of our goods in spite of these ‘global headwinds’

Total exports going gangbusters - doesn’t that say our economy going pretty good.