Irrational to me in this particular case means when you compare the stocks metrics against it's peers, it says undervalued, I'm happy to back myself against the market in these cases.
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Monster day so far, loving every moment of it. One day, we'll see our net worth wiped out by 50%. Today is not that day.
I'm not sure how others are viewing the market but there is a little too much heat in it for me. I sold off one of my largest holdings today as it was way too far above fair value (as are many others). There's a chance I may regret doing this but for now, I feel better taking some profits and sitting on the sideline for a little bit to see if it cools down a little.
see anz is predicting a cut to interest rates next yr , 50% factored in a cut by mid year according to the market as well at this point in time. good for divvie stocks.
see its retraced back to the break out point be interesting if we bounce here
well thats a pretty big bounce of support
lowest consumer confidence figures for a long time
https://www.nzherald.co.nz/business/...ectid=12127806
current account figures not looking rosy
https://www.nzherald.co.nz/business/...ectid=12127900
imagine how bad it look when investment returns decline.
https://www.stuff.co.nz/business/107...s-ginger-group
Confidence in NZ investments at stake from slow investigations says shareholder group
talking about fma , regulatory bodies