What do you want for your birthday? ...a girl moose? :D
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I was referring to Mr Colombo...but now you mentioned it....Nah.. just kidding :D.....
Back to topic...You noticed I added the Russell 2000 index...The media says it to be a leading indicator for the S&P500 ..Theory has it that when a cyclic reversal threat emerges investors fly away from smaller companies back to "safer" and large yielding stocks such as utilities .....I'm not convinced the Russell 2000 is a leader though...I will chart S&P 500 with the Russell 2000 comparison when I get time....
lets hope that the Nasdq and the Russell 2000 are just corrections,,,
For those who went into panic, or paroxyms of laughter after reading what Jesse Colombo had to say for himself, and if you hadn't already figured out what motivates his type, here it is, in black and white. Nice money if you can get it.... "Gloomy economic predictions can pay, literally. The intense interest in Forbes columnist Jesse Colombo's warning of a New Zealand economic bubble will fatten his wallet, as Forbes online contributors are paid for 'clicks' and paid extra for repeat visits".
From http://www.stuff.co.nz/business/indu...rsday-April-24
The Russians are on the march and US stocks down,NZX under pressure come monday
Nek minnit
I'm pretty sure Russian investors are feeling the squeeze even more so: http://www.bloomberg.com/news/2014-0...ts-rating.html
Perhaps Moosie-the-Trader could short some Russian stocks...
tech stocks not the space to be utilities are, In NZ things like POWER COMPANIES, TEL, RBD, TWR will outperform me think reliable companies with good solid earnings and divs, just look at the dow utilities everything down and that index up on fri
One would find relatively safety with cash positive stocks like DIL though. Having survived the last 2 weeks relatively well when compared to the other NZ tech stocks. PLUS FYR statements will be released next week! I predict Tuesday...
According to anz securities (ex DB) the index is at 5201 now.