Coutts ,you are a real eccentric--I hope no one is taking you seriously as it is dangerous---did you get around to reading post #64?
Those who bought big awhile back are the real smart ones--they bought CASH with SHARES
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The buying drought is over ...It's raining (dead?) cats and dogs now:)
I agree Hoop, I think selling opportunity. ASX200 is up over 5.5%!
The more I think about it, the more I think about what is happening around the oil market and how the global economy has been built on oil.
That risk with oil is still out there & coal obviously.
Lots of debt, lots of derivatives.
China is really the only reason the global economy has any semblance of growth in the last seven years.
Maybe we need a real meltdown as propping up markets and bail outs just defer the problem and nothing changes and nobody learns.
Thanks for some of the advice, I think once I actually posted on this thread I seem to have gotten a few replies from people who are holding/buying. Prior to that all I was reading was gloom and it kind of made me think twice (am I really doing the right thing when everyone else is selling) But as NZsilver/Roger have noted, I am not in a hurry to get access to the funds. I may actually look at purchasing a few more this week. I have learnt a few things from people on this site in the past couple weeks, thanks to them as well.
That's a blow for The World According to Andrew Little - the Australian sharemarket has gone up....
What is Buffett doing?
ASX up 2.1%, NZX 50 down less than 0.5%, one of the biggest market swings I have seen, not surprising because things "were getting silly"... expecting NZX to be in the green by the end of the day (we've already moved up 2%, lets move up another 2!)
Correction 2.6%... hard to keep up..
asx lovely day anz was my pick at the open brought some cfds at 4785 last night too
Be interesting to see if China will also pull back later in the day after being down 6% in early trading
Seems too soon to be bouncing back up??
NZX50
http://bcs.net.nz/images/chart-nzx50.gif
NZX ALL Ords
http://bcs.net.nz/images/chart-allords.gif
I think I agree with HOOP... dead cat bounce.
Either that or the HFT boys are faking everyone out while collecting ammo for the next downhill run...
Well there really wasn't much reason for it to drop so much anyway... yes there is china, but a lot of the worry is just hot air... so I'm not surprised markets seem to be recovering so fast
Ah hah that explains your considered post...stands out like the aforementioned dogs...well you know what. Traders and doom mechants.....yah gotta love em...makes the markets so much more volatile. Should be some good buying opportunities however, so fun to watch it play out.