Yeah I agree, although we could still see a 10 - 20% correction.
Covid saw a 40% correction only to bounce back swiftly and that was with half the world shutting down.
Netanyahu is the outlier. That guy is open to doing anything.
Printable View
Liam Dann on why The Aussie economy is stronger and more productive per person than ours and why yet again we lose so many NZ citizens to Australia.
I won’t post some of his main conclusions as it will be boring for some to hear again. I suspect that many from those segments of society that have a high propensity to actually vote will find it boring and will dismiss the conclusions as being woke or yet another attempt to disrupt the “Kiwi way of doing things”. We will probably have to wait until NZ is changed more by immigration from developing countries and/or things get a whole lot worse. Maybe NZ needs to become a big Southern version of Fiji, a country with friendly people, but with economic challenges and low living standards.
Why So Many Kiwis Are Leaving for Australia (Paywalled)
https://www.nzherald.co.nz/business/...LODXQI5LDNOGI/
Well you do bang on about a capital gains tax a lot. Alot of people agree with you on that.
But Liam's conclusion is that maybe after mineral wealth a capital gains tax and forcing people to save for their own retirement are the two big differences between the countries.
I expect to see a lot more work being done providing for your own retirement after 2029-2030. Much like tertiary education I think we will find it is not affordable after this date and serious sacrifices will have to be made by younger generations.
The younger generation that is leaving for Australia in increasing numbers…So will we have an immigrant younger population, waiting for its opportunity to skip over to Oz, supporting a retired NZ citizenry in their big houses? Our version of Italian villages full of retired folk as the young have moved to Northern Europe.
Liam Dann did say that despite not having mineral wealth, NZ did abound with other bounties from nature.
For now futures are slightly looking good. It's going to be very crucial week for the magnificent 7.
should get some big swings this week in markets on earnings
Wet & Forget sold: New Zealand homecare product company sold to private equity firm Direct Capital in massive commercial deal - NZ Herald
Wet & Forget sold to private equity. How sad it wasnt listed...
Fear not though, PE no doubt will gut it, load it up with debt and then list it for us to have a turn :eek2:
Corection for over valued growth stocks is not over yet. IMO Short term bounce won't last. Punters could take advantage of selling over valued and technically weak stocks in every bounce. Time for new leaders and new sectors.
the end of a fab run but full pockets of dosh, out of meta now. look like mag7 breaking down. fab run on these stocks anyway another baby coming soon ( can afford it now lol ) less time to post sh.t on this site so only random from now on.
Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates
https://www.cnbc.com/2024/04/24/meta...earnings-.html
Deleted the wrong post.
Volatility is back. Fear is also back. As I said sell-off is not over for hot stocks. All weak stocks and stocks which bent the trend sold gradually which I didn’t do in the past. In this hot market, adding, trimming, selling, and buying right ones is the way to go.