While it's going great guns in NZ, Aus is still hurting, China is bouncing along sideways due to government support, US has stalled at massive price resistance levels. What's going on? Uncertainty. I thought this was an interesting and brief read: http://www.fnarena.com/index2.cfm?ty...eid=2708549ebc
Interesting article--All those Buffett quotes may be a thing of the past,if ''peak buffett''plays out--Its easy to miss in this cosey little NZX how uncertain things are out there atm..
everything pointing to new highs coming , there are a lot of fund managers under invested in nz and aus with huge cash piles so they will have to invest otherwise they will underperform there benchmarks so this should underpin the markets.
US market seems to have got it's mojo back as well, the DOW push up through the 200EMA and the immediate price resistance will embolden the local markets. Still plenty of hurdles ahead for US markets but the bear is currently licking its wounds.
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