NZSX50 - Good News!

[King1212]

dont be too naive...we all have to agreed..it is on the news....we or some kiwis are really racist to them.....not only to them but to migrants....

[bull....]

nz50 index currently displaying a negative divergence on weekly rsi . if you dont know what that is have a read here its a charting term

https://www.investopedia.com/ask/answers/05/052905.asp


pays to keep an eye on these things , even if it doesnt eventuate into anything

[Bjauck]

dont be too naive...we all have to agreed..it is on the news....we or some kiwis are really racist to them.....not only to them but to migrants....

Sure some Kiwis...and maybe more kiwis are really hospitable...maybe not as newsworthy?

[bull....]

log exports been suspended from port gisbourne. if this flows on be massive hit to nz gdp if more log exports hit

https://www.nzherald.co.nz/business/...ectid=12305292

[BlackPeter]

log exports been suspended from port gisbourne. if this flows on be massive hit to nz gdp if more log exports hit

https://www.nzherald.co.nz/business/...ectid=12305292

I guess putting this into the "good news" thread is clear evidence that you are a shorter ;

And yes - the overreaction of our authorities is quite concerning. It won't be a flu like virus taking us down, but the idiocy of our authorities who seem to follow more the hype created by a wild internet mob of fear mongers rather than common sense.

[winner69]

Not as much carnage on the NZX today as some thought there would be

Been some worse days than this recently

[King1212]

I guess putting this into the "good news" thread is clear evidence that you are a shorter ;

And yes - the overreaction of our authorities is quite concerning. It won't be a flu like virus taking us down, but the idiocy of our authorities who seem to follow more the hype created by a wild internet mob of fear mongers rather than common sense.

He is a shorter..don't see it from all his posts?...l

[bull....]

I guess putting this into the "good news" thread is clear evidence that you are a shorter ;

And yes - the overreaction of our authorities is quite concerning. It won't be a flu like virus taking us down, but the idiocy of our authorities who seem to follow more the hype created by a wild internet mob of fear mongers rather than common sense.

lol shorter just informing the masses .... information is key

[Timesurfer]

log exports been suspended from port gisbourne. if this flows on be massive hit to nz gdp if more log exports hit

https://www.nzherald.co.nz/business/...ectid=12305292

While a suspension is abnormal, the industry regularly goes through periods of pushing and cutting right back inline with prices. As long as it is only a short term blip (which is what they seem to be suggesting with Chinese holidays etc) then it should have little overall effect on the GDP. Different story for those in the local industry who won't be getting pay packets after Christmas splurging though.

[bull....]

While a suspension is abnormal, the industry regularly goes through periods of pushing and cutting right back inline with prices. As long as it is only a short term blip (which is what they seem to be suggesting with Chinese holidays etc) then it should have little overall effect on the GDP. Different story for those in the local industry who won't be getting pay packets after Christmas splurging though.

your right about the ebbs and flows of forestry in a normal cycle , the big unknown though is how long or how big the virus gets. if the worst happens it will affect forestry along with every other exporter from nz in reduced demand , port issues , labour at ports to unload , unused inventory buildup driving prices down etc.

i see other exporters reviewing shipments already due to chinese port issues