But don't those who have been buying lately have less cash ..... seems the pile of cash is about the same as it was
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Ok, I'll admit I'm easily confused about such things. I get the idea that for every seller there is a buyer. However, cash piles can keep on growing through any number of means e.g. work! - not everything has to go into the NZX and people can have a higher allocation of cash. I see the NZX is down 12 per cent from its high so people are using less cash to get their shares than a year or so ago. And if there's better explanation then don't hesitate to let me know.
Beagle had a nice explanation for his position in the comp thread. I totally get it. Why take huge risks when one can live comfortably with the nut they have?
Yes Bobdn ….can be confusing and probably not as straight forward as some commentators make it out to be.
And I can’t argue with somebody whose top dog in the picking comp can I
"THE MARKETS
Bargain hunters drive NZ shares higher
Tweet
New Zealand's sharemarket rallied in earnest on Tuesday as investors concluded that equities had been oversold and rushed to buy at deflated valuations"
https://www.goodreturns.co.nz/articl...for+1+Feb+2022
Released just now - NZ jobless rate of 3.2% - lowest on record. Good news in itself. but also reinforces the likelihood in rapid & meaningful rises in interest rates.
I dont think either of those int rate outcomes will happen. Why not... australia are holding rates where they are for another 2 years, and so is most of the western world. High debt levels and high interest rates will cause a slowdown. The rbnz talks big to jawbone the market and does not always follow up