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  1. #1
    Senior Member
    Join Date
    Jan 2003
    Location
    london, , United Kingdom.
    Posts
    1,067

    Default FTSE off 3.15%, DOW 2.08%, NZSX50?

    Its going to be a tough day at the office today. I might head out fishing instead.
    Toddy

  2. #2
    Guru
    Join Date
    Apr 2007
    Location
    Hamilton New Zealand.
    Posts
    4,251

    Default

    Toddy
    Might not be as bad as you think.
    The huge drop in our dollar will counteract our dual listed stocks.

    Will I have egg on my face find out at 10am [:o)]

  3. #3
    Member
    Join Date
    Oct 2006
    Location
    paraparaumu, , New Zealand.
    Posts
    426

    Default

    Could get very ugly. Think I'll head for the golf course.

  4. #4
    Member
    Join Date
    Jul 2005
    Location
    Havelock North, , New Zealand.
    Posts
    61

    Default

    I hope not - been beaten up enough in the US markets the last few days!

    On a positive note, I have high hopes for NZO to come good the coming days

    also - is this the beginning of THE END, or just a correction in an otherwise booming market?

    And where are those hurricanes when you need them - I want the price of oil to go up so my mainly oil related stocks can recover.

  5. #5
    Guru
    Join Date
    Apr 2007
    Location
    Hamilton New Zealand.
    Posts
    4,251

    Default

    This is the type of day you do [u]not</u> want go fishing or to golf.
    I have been cashing up lately waiting for a day like this to happen.

    [u]Bargain day.</u>[][][][][]

    I could be buying today [}][8D]

  6. #6
    Senior Member
    Join Date
    Jan 2004
    Location
    Christchurch, , France.
    Posts
    1,247

    Default

    http://www.bloomberg.com/apps/news?p...sK4&refer=home

    Yeah, could get interesting. Might be some good bargains in quoted leveraged share warrants etc [8D]

  7. #7
    Junior Member
    Join Date
    Jul 2007
    Location
    Auckland, , New Zealand.
    Posts
    28

    Default

    BK....just a blip..IMO there are not enough mums and Dads in the market yet.

  8. #8
    Member
    Join Date
    Jul 2005
    Location
    Havelock North, , New Zealand.
    Posts
    61

    Default

    quote:Originally posted by kissssik

    BK....just a blip..IMO there are not enough mums and Dads in the market yet.
    hope you're right

    -just got an urgent email from my son -&gt; sell NZO. Not wise I think!

  9. #9
    Advanced Member
    Join Date
    Dec 2003
    Location
    Christchurch, , .
    Posts
    2,206

    Default

    Overall the US is recording positive GDP growth but the mortgage blowouts are really hurting.
    Stay in oil.
    NZ dollar at 78.23.That's a reasonable one night fall.

  10. #10
    Member
    Join Date
    Sep 2002
    Location
    USA
    Posts
    147

    Default

    PPT was at work today and managed to save a larger decline...if Chrysler bonds can't be given away then watch out. Many HFs will fold.

    http://www.theage.com.au/news/busine...339167308.html
    The trend is your friend.

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