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24-10-2015, 08:58 PM
#981
Member
Originally Posted by sb9
It was a show put up by all techno giants, Microsoft, Google and Amazon reporting strong earnings.
U.S. companies do seem to be doing well but there was no reason to expect otherwise. It’s interesting to reflect that one of the most dominant features of the last two centuries has been an increasing divergence between the ‘developing’ world and the 'developed' world (measured by GDP per capita). In a way the aberration has been the last decade and a half in which developing countries have experienced higher growth rates than developed countries so briefly appeared although they were on a converging path with the developed world. However growth rates are not persistent and it appears the global situation is normalising with economies regressing towards the long term mean growth rates. That’s why it really interests people like me that many have come to see developing countries as a better bet than using resources in developed economies which have an extended track record of outperforming. We should expect companies in the developed world to outperform over an extended timeframe.
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27-10-2015, 08:29 AM
#982
Originally Posted by banter
New all-time high today of 5971, surpassing 5939 on 5/8/15.
NZ50 Capital Index still 10% off its 2007 high
And 3% off its 52 week high as well
Last edited by winner69; 27-10-2015 at 08:55 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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27-10-2015, 08:39 AM
#983
Originally Posted by winner69
NZ50 Capital Index still 10% off its all time high
And 3% off its 52 week high as well
If we include the 1980's we have a long long way to go for things to crack 3.9k on the capital index (I think this is what the index hit back before the crash in 1987?)
I think today's capital index won't go up 10%, but could go up before the end of the year a little more than 3%
Last edited by trader_jackson; 27-10-2015 at 08:43 AM.
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27-10-2015, 11:26 AM
#984
Ladies and Gentlemen, today is the day we could pass the magic 6000 mark!
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27-10-2015, 11:49 AM
#985
Originally Posted by trader_jackson
Ladies and Gentlemen, today is the day we could pass the magic 6000 mark!
Are you sure you are posting this in the right thread? Its called "Black Monday" after all ... some bad news please ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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27-10-2015, 01:44 PM
#986
An interesting article on Stuff yesterday "Buy in gloom, not boom" http://www.stuff.co.nz/business/opin...stment-success
Hopefully, the bear is still in hibernation.
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27-10-2015, 02:35 PM
#987
We've just hit the 6000 mark....
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27-10-2015, 02:47 PM
#988
Originally Posted by sb9
We've just hit the 6000 mark....
What do we do know?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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27-10-2015, 04:15 PM
#989
Originally Posted by winner69
What do we do know?
Depends which side of fence you're on, bit tensed if you're a bear and twisting a can of beer if you're a bull...
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27-10-2015, 07:35 PM
#990
Originally Posted by BlackPeter
Are you sure you are posting this in the right thread? Its called "Black Monday" after all ... some bad news please ...
Black Monday is over, dead, kaput - technically anyway.
NZX powered to a new high closing 6001 today ... woo hoo, never mind the rest of the world, who cares about them. Maybe world peace is about to break out, or all nations sovereign debt will be forgiven, or something profound like that. US stocks pausing ominously (futures down a bit), China down a bit as well tracking sideways, Europe same, Aus same .. all just background noise. Nothing to see there, move along.
Black Monday RIP. It's all upside from here, NZX leads the world. Cough.
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