NZSX50 - Good News!

[bull....]

nearly back to the top of our range , be interesting if we break out. the rbnz announcement has made div shares very attractive again

[bull....]

breaking out of the range? see if we can hold. div stocks leading the charge

[bull....]

well and truly broken out now of the consolidation. 9240? breather im still got 10k on the radar esp if my targets for the us happen

[winner69]

well and truly broken out now of the consolidation. 9240? breather im still got 10k on the radar esp if my targets for the us happen

10,000 next month

Especially if A2 gets a rocket under it

[Timesurfer]

What happened today? Haven't seen that much action for a while.

[Valuegrowth]

This market is in the process of topping out.

[couta1]

This market is in the process of topping out.

Most but not all, some shares have gone nowhere over the last year yet had excellent results.

[Baa_Baa]

Most but not all, some shares have gone nowhere over the last year yet had excellent results.

Why do you reckon that is?

[couta1]

Why do you reckon that is?

With the likes of MCY, it's completely irrational and I can't explain why, that's why I bought a stack of them.

[Baa_Baa]

With the likes of MCY, it's completely irrational and I can't explain why, that's why I bought a stack of them.

Irrational is a euphemism for not understanding what one is invested in. Fine if one has the wherewithal to act very quickly either way, but deadly if not. As the market continues to find new historical highs it helps to look at the drivers and if it turns out to be a small few darlings driving the whole thing, whereas the apparently undervalued remain undervalued, that tells us that chasing value where the market doesn't see value is high risk. Even higher risk when the market is clearly stretched. I know you know this but the long road home is a lot shorter if there are no more calamities along the way.