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Definitely agree with that, DOW is a good indicator ... lately of current volatility, which is the distinguishing feature of the index compared with recent history.
Investing with confidence in this current climate is perhaps ignorant of the macro effect that the US market has on the global markets. Which includes the NZX albeit a small rounding error on the big picture.
Time will tell, but the prudent approach might be to take into account the recent unprecedented volatility in the US as the market distills and decides for itself whether now is a good time to invest or a good time to wait and see, or to sell.
Whichever it is has not clearly revealed itself, but soon enough it will.
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