NZSX50 - Good News!

**dobby41** · 25-10-2018, 08:15 AM

Originally Posted by couta1

Fear not young bear, over the long horizon the stock market has always gone up.PS-Did I forget to mention that the longest recovery period on a down cycle on the Dow was 25 yrs, lots of patience may be required.

The average bull market length is 9.1 years and the average bear is 1.4.
Let's hope if we are finally heading into a bear market that it is average of less - much shorter than your 25 years.

**winner69** · 25-10-2018, 08:43 AM

Originally Posted by Left field

Indexes are an average measure. Even in Bear markets there will be individual stocks that outperform the 'averages'.

Surely half the stocks will outperform the ‘average’ ...or at least the median

**winner69** · 25-10-2018, 08:44 AM

Originally Posted by winner69

The market is slowly grinding everybody down - thats how secular markets work - PE multiples are what drives overall market direction - secular bulls and secular bears and all that

Here's a table of some randomly selected cross section of stocks on the NZX showing how far they are of their 52 week highs. I reckon the %ages will look worse by Christmas

Ranked biggest losers to those not so bad (the so called defensive ones?)

Must be a story to be told here

Think most of the %ages get bigger yesterday

**Leftfield** · 25-10-2018, 09:46 AM

Originally Posted by couta1

You must of course be referring to HLG.

of course....and ATM (he said hopefully)

**BlackPeter** · 25-10-2018, 09:59 AM

Originally Posted by Left field

of course....and ATM (he said hopefully)

And there are so many other still well performing companies currently on the NZX. Just looking into my portfolio:

Quite happy with my investment in Argosy (ARG), Gentrack (GTK), Millenium Coopthorne (MCK), CDL Investments (though slightly below MA200), Mainfreight (MFT) - and even Metro Performance Glas (MPG) and Turners Automotive (TRA) while on a low level seem to be quite untouched by the recent jitter ... and there are others slightly dropped but now looking like great value (OCA and even SUM)

It is clearly not all bleak (yet ?)

**BlackPeter** · 25-10-2018, 10:26 AM

and while I am at it ... anybody noticed that IFT is still in a nice uptrend (above MA100?)

**winner69** · 26-10-2018, 08:32 AM

Big round of applause for the bargain hunters who came out in force in the US last night to stop the rot and save the day

Hope they come out in NZ today as well

We need these bargain hunters ....good people