Does anyone know when the last time was that the NZX fell 330 points in a day?
@marklisternz
Wow. That was the worst day for the NZ market since October 16, 2008, almost a decade ago. The NZX 50 is down 7.0% from the record highs of last month. Australia is faring better, down 2.6%, while Japan and China are off more than 4% so far today.
”When investors are euphoric, they are incapable of recognising euphoria itself “
@marklisternz
Wow. That was the worst day for the NZ market since October 16, 2008, almost a decade ago. The NZX 50 is down 7.0% from the record highs of last month. Australia is faring better, down 2.6%, while Japan and China are off more than 4% so far today.
Thanks winner. The question is is Mr Lister talking about the worst day in % terms or in points terms. Did not think it was that long ago that 330 point drop was registered!
Thanks winner. The question is is Mr Lister talking about the worst day in % terms or in points terms. Did not think it was that long ago that 330 point drop was registered!
Knowing mark probably %age terms
”When investors are euphoric, they are incapable of recognising euphoria itself “
@marklisternz
The last decent sell-off we had in the local market was in the final quarter of 2016, two years ago. That one lasted two months, and saw the NZX 50 fall 12.0%. After bottoming in November 2016, the index rallied 20.4% in the following 12 months.
”When investors are euphoric, they are incapable of recognising euphoria itself “
Dear all, sorry to be asking so bluntly.
Is today a good time to buy shares? If I have some money now, which stock would you recommend that I buy please?
Appreciate any help and reply.
Plenty of buyers yesterday .....every share is still owned by somebody
In aggregate just as many ‘got in’ as ‘got out’
Last edited by winner69; 12-10-2018 at 04:03 AM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
The market is slowly grinding everybody down - thats how secular markets work - PE multiples are what drives overall market direction - secular bulls and secular bears and all that
Here's a table of some randomly selected cross section of stocks on the NZX showing how far they are of their 52 week highs. I reckon the %ages will look worse by Christmas
Ranked biggest losers to those not so bad (the so called defensive ones?)
Must be a story to be told here
Last edited by winner69; 24-10-2018 at 10:47 AM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
The market is slowly grinding everybody down - thats how secular markets work - PE multiples are what drives overall market direction - secular bulls and secular bears and all that
Here's a table of some randomly selected cross section of stocks on the NZX showing how far they are of their 52 week highs. I reckon the %ages will look worse by Christmas
Ranked biggest losers to those not so bad (the so called defensive ones?)
Must be a story to be told here
Pretty grim picture - isn't it? Question is - are the ones which dropped already a lot better deals than the ones which still need to catch up?
Would be interesting to correlate your tab with average PE and CAGR ... but need to pass today - wife asked me to fix the irrigation system (more fun when the sun is shining ;
Just from a brief look can't i see any correlation - both the light yellow as well as the red section seem to contain both so called growth stocks (high PE, high CAGR) as well as good and reliable earners on reasonable PE's (low PE, low CAGR) ..
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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