Have to confess I have really been scratching my head quite a lot about the way the market has bounced back ?
Excellent article by Mark lister explains this and suggests a pause on buying is warranted https://www.nzherald.co.nz/business/...ectid=12324373
Yes the NZX50 has bounced back strongly and is now down only 17% from its peak in February buttake out the strong performance of the two top stocks ATM and FPH and the other 48 companies in the NZX50 are down 27.3%
Interesting about the 48 being down 27%
So you essentially got your bear market
Wonder if the 48 will go to 48% down
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Originally Posted by Beagle
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