NZSX50 - Good News!

[Vaygor1]

1. Fair point, he hadn't invested yet.
2. Though he was asking for tips. Not yet euphoric out there, but certainly exuberant
3. I wouldn't wear a rolex. :-)

Typo by CJ.... meant to say Patek Philippe.

[Billy Boy]

sparky #814
Good post.....
CPI i often think is not a good indicator of inflation as it leaves out too much.
Underlying inflation is the one to keep an eye on, if we can.
Trillions & trillions of Dollars, Euro's, etc have been printed. Now how are various
Govnmts going to pay this debt back?. Inflating it away over time. ? probably.
NZ cannot escape this, as we will be importing it. Therefore when do we see the
beginning. I think we are seeing it now.
Your chart showing 2.6% inflation (CPI 2000 - 2013), I think it's being held to this buy the
high nz Dollar. When the NZ dollar drops !!, well !! . The big Q. now is
How long for this high $NZ, When will it drop, Why, and of course :-
Where would you want to have you hard earned $$$, in the share market ??. Property ??
Bonds ??. under the matris ??
Ya revived my thinking Sparky.
Cheers BB

[winner69]

WOULD HAVE PREFERRED A RED BALLOON ... to represent up up and away

Like a helium filled one that can keep rising ... all the way into space

[Hoop]

WOULD HAVE PREFERRED A RED BALLOON ... to represent up up and away

Like a helium filled one that can keep rising ... all the way into space

Will this do

[winner69]

we seem to have missed the capitulation stage belg was talking about a few months

see this time is different

[000831]

Looks like we're seeing some profit taking today. Tech stocks down with 4th straight day of losses (not helped by profit taking on TEL of course!). Consolidation time before we totally run out of steam???

Is any index future or short selling in NZ?

[Xerof]

So far we have:

- bouyant sharemarket
- bouyant property market (where it counts)
- rampant high LVR bank lending, free tv's, cash teasers
- bouyant consumer confidence
- verbose taxi drivers
- lots of newbies investing

there is one vital link yet to come to complete our perfect storm scenario


- winning the Americas Cup

[winner69]

So when does the music stop and everyone rush for the chairs?

not for a while ... this time it is different

Bears Give Up: Biggest Switch in Sentiment in 7 Years
http://www.cnbc.com/id/42459309

[Xerof]

Xerof, these are reasons to hold some cash, would you agree?

when I think back to 1987, its currently a mild froth compared to then, and when the GFC washed onto our shores, we got hit through no particular fault of our own...deleveraging just unwound at a frenetic pace. To me the world has not deleveraged sufficiently yet, so if you are skimming some cash off, I see nothing wrong with that, but I don't yet see a crash looming, perhaps a decent correction?

for me a good sign of a coming correction is strong volatility within a narrow range, i.e. indecisiveness and hesitancy can lead people to the sidelines.


of course, the start of the GFC led to the finance company woes, which WERE our own fault!

[macduffy]

I normally try hard to be optimistic about the market but here's a recent quote from Bill Gross, savvy boss of PIMCO. Of course, he could be talking his own book but it gave food for thought, nevertheless.

"Never have investors reached so high in price for so low a return. Never have investors stooped so low for so much risk."
–Bill Gross, PIMCO, 14 May 2013