Is a Bear Market starting to play out on the NZX ?

[bull....]

Are we able to sue ASB securities for a complete and utter f-up like this? A reckon a class action is in order.

dinasour system they havnt been investing in it for long time i reckon , trades are not electronic for nz. someone still manually assese it lol so to not upset the integrity of the exchange on stock movement.

[Logen Ninefingers]

Phone call eventually went through to a service desk there....and the person cut me off before I even said a word. Disgusting.

[ratkin]

Are we able to sue ASB securities for a complete and utter f-up like this? A reckon a class action is in order.

I can log on ok, straight thoug on the ipad

[Crypto Crude]

The Dow just had the biggest fall OF ALL TIME and cryptocurrency going up real hearty today... every coin in the top 70 was is in the green....

.^sc

[bull....]

Phone call eventually went through to a service desk there....and the person cut me off before I even said a word. Disgusting.

is the person in thailand

[couta1]

P/Es have been ridiculous for years. Remember when the NZ market was cheap back in the 90s-early 2000s when many companies were trading on P/Es under 10 and even the super growth stocks were considered expensive if they went over 20 P/E.

Some of the ones now are on P/E of 60. Which implies they would need to lose more than half their value to be a fair price in a bear market.

Again low interest rates have an influence though, which is why we will probably not see those sort of drops.


I think there could be a quick rebound to all this, the public will be hanging out for some shopping/spending/partying once this virus is out the way. Cancelled holidays will be rebooked and we will all feel lucky to be alive.

There are still good stocks on the NZX trading at very modest PE ratios.

[Logen Ninefingers]

I can log on ok, straight thoug on the ipad

I can log in too, but can you made a trade or see your portfolio?

[ratkin]

A sucker rally is actually when the Instos etc talk it up and sell off the rest of the shares they want to get rid of to small retail suckers.

Yeah they will use the bots to make it look like a good trading entry point, join in for a bit then when the price is up quickly switch sides and drive it back down. Might not work yet though, just too many sellers about

[ratkin]

There are still good stocks on the NZX trading at very modest PE ratios.

Feed me some examples that can add to watchlist

[winner69]

Looking at this chart from AMP Capital NZX could easily ‘correct’ by 50%

Earnings don’t support a PE of 32

Experience says when markets ‘correct’ nearly everything goes down ...even the cheap undervalued shares

All speculation anyway