Looking at aussi depth at the moment and exchange rate, would put ATM nz about $14.20c, looking a bit oversold, but that could all change when Aus opens.
That’s like trying to predict next year’s weather on 1 Jan based upon today’s weather!
Oversold doesnt count when you have a loose Trumpet running around.
Probably the most frustrating time to be an investor I can recall for many years. You really don't know what's going to happen to the global markets one way or the other from one tweet to the next.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Probably the most frustrating time to be an investor I can recall for many years. You really don't know what's going to happen to the global markets one way or the other from one tweet to the next.
One can only handle one's own emotions and reactions to what's happening out there as we have no control.
For once, I believe our Reserve Bank governor has moved interest rates ahead of the curve so NZ is reasonably well positioned for the hard landing ahead.
One can only handle one's own emotions and reactions to what's happening out there as we have no control.
For once, I believe our Reserve Bank governor has moved interest rates ahead of the curve so NZ is reasonably well positioned for the hard landing ahead.
Indeed. One can also make a decision on portfolio asset allocation that's more conservative than normal.
Last edited by Beagle; 26-08-2019 at 12:00 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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