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

[bull....]

The U.S. Food and Drug Administration (FDA) is compiling a list of drugs that are at risk of shortage if the outbreak in China continues to worsen. There are indications that about 150 prescription drugs could be affected, ranging from antibiotics to generic drugs, with potentially some branded drugs.
Because China is a major supplier of ingredients used to manufacture many drugs sold in the U.S., this could have a major ripple effect in the U.S. and around the world.

[kiora]

From Hoop 2012 just in case you missed it
https://www.sharetrader.co.nz/showth...384#post362384

[Beagle]

Too late maybe, Beagle.

Good friend went to see his doctor this week and he was rationed to 1 month of losartan - with no indication when new supplies are available. The word has obviously got out.

Seriously.

Oh my goodness !

From Hoop 2012 just in case you missed it
https://www.sharetrader.co.nz/showth...384#post362384

Thanks. Just what I was thinking this morning. It would be great to revisit Hoops Bear market strategies, thanks for making it easy.

[Beagle]

I think the supermarkets will be incredibly busy this weekend like nothing anyone on here has seen before. Set the alarm early and get in before 7.30 to avoid the massive crowds and invest in an ample supply of long life food. I knew this was coming so we have done several massive shops already.

As predicted. https://www.nzherald.co.nz/nz/news/a...ectid=12312732

[winner69]

As predicted. https://www.nzherald.co.nz/nz/news/a...ectid=12312732

That article was the biggest load of sensational **** ever printed

[Beagle]

Got it first hand from a friend who's wife works at the supermarket...que's have been phenomenal all day. Far busier than just before Christmas.

Interesting poll result update with the highest number of votes of any poll I can ever recall starting, nearly 1400, an overwhelming majority of more than 80% of voters think we are in for a bear market, (just a reminder that's a fall of more than 20%), that would see the NZX50 go below 9600. It closed at 11,261 on Friday down so far, only 6% from its high of just over 12,000 recently.

So we have fallen just on ~ 6% so far which isn't much and voting suggests at least another 14% fall to go, whereas the US markets dropped 11-12% in just the last week ! NZX to play catch up next week now the virus is here ?

[winner69]

Got it first hand from a friend who's wife works at the supermarket...que's have been phenomenal all day. Far busier than just before Christmas.

Must be an Auckland thing ...preparing for when Mt Eden blows it top.

[Beagle]

Must be an Auckland thing ...preparing for when Mt Eden blows it top.

Not being racist, just stating the opinion from first hand eye witness report, a lot of Asians have been panic buying today.

[Beagle]

Takapuna Countdown very quiet around midday today. Was no queue at check out and zero panic and fear.

Good to know. They seem to be hammering Pak and Save's for some reason...probably because they're cheaper. Might try my local Countdown or New World later today but I have the real fun job of cleaning out the freezer first.

[ratkin]

Good to know. They seem to be hammering Pak and Save's for some reason...probably because they're cheaper. Might try my local Countdown or New World later today but I have the real fun job of cleaning out the freezer first.

New world in Chch seemed the same as any other day. There was only one lunatic stocking his trolley with vitamins, candles, batteries and tins of soup. Damn, forgot the lucozade and lotto tickets.

Not sure about this helicopter though, has been buzzing around here for last Two weeks,waking everyone up. Last time we had constant arial surveillance was the mosque shooting and the earthquakes. Wonder if it there preparing for virus day.