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Thread: Black Monday

  1. #19101
    Speedy Az winner69's Avatar
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    Jared at dailydirtnap says “Kind of funny that Buffett has $150 billion and can't find anything he wants to buy, but EVERYTHING looks good to the private equity guys.”
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #19102
    Advanced Member Valuegrowth's Avatar
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    Quote Originally Posted by winner69 View Post
    Jared at dailydirtnap says “Kind of funny that Buffett has $150 billion and can't find anything he wants to buy, but EVERYTHING looks good to the private equity guys.”
    Intelligent investors don't buy overvalued assets. I myself is waiting patiently to buy quality stocks at a fair price while looking after my small concentrated portfolio. Not a bad idea to have some cash as well.

  3. #19103
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  4. #19104
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by Daytr View Post
    US CPI due tomorrow.
    Should provide direction for markets.
    US markets have come a long way on the back of recent job data.

    Could be nasty if prices are going up & growth in activity is down.
    https://www.macrovisor.com/p/a-look-...ad-of-cpi-data

    Shelter inflation makes up ~36% of the CPI data,

    Shelter inflation looks to be heading higher >>>
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  5. #19105
    Speedy Az winner69's Avatar
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    No profit warnings / downgrades today

    NZX should have a rare up day
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #19106
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    Quote Originally Posted by JBmurc View Post
    https://www.macrovisor.com/p/a-look-...ad-of-cpi-data

    Shelter inflation makes up ~36% of the CPI data,

    Shelter inflation looks to be heading higher >>>
    Cheers that's interesting.
    I wonder what portion of NZs CPI rent is?
    I did a quick Google but couldn't find it.
    I suspect it's a lot lower.
    Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.

  7. #19107
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Daytr View Post
    Cheers that's interesting.
    I wonder what portion of NZs CPI rent is?
    I did a quick Google but couldn't find it.
    I suspect it's a lot lower.
    Rents were about 10% last time I looked

    But a shelter component per se is more than just rents and I guess the US way of calculating ibis different from our way
    Last edited by winner69; 15-05-2024 at 09:58 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #19108
    Speedy Az winner69's Avatar
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    Housing and household utilities make up 27.74% of NZ CPI …as at June 2023 …reweighted every 3 years
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #19109
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    Quote Originally Posted by winner69 View Post
    Housing and household utilities make up 27.74% of NZ CPI …as at June 2023 …reweighted every 3 years
    Thanks for that.
    With NZ inflation coming down and rents having exploded, it suggests that price increases on goods & services etc outside of rent have come right back.
    Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.

  10. #19110
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Daytr View Post
    Thanks for that.
    With NZ inflation coming down and rents having exploded, it suggests that price increases on goods & services etc outside of rent have come right back.

    Rents exploding?

    April annual changes were 4.6% for existing rents and 4.2% for new rents

    Stats Nz the other day
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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