yep continuation of the trend in oil , bonds and now stocks. watch around 4200 sp500
oh and i forgot watch the triple bottom line in the sand on the nz50 capital
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Sharetrader poster from years ago Dimebag, now a Fund Manager in Singapore, considers long term US treasury debt to be uninvestable r
Should you only invest in shares? (morningstar.com.au)
I found this a useful read this morning. All things considered.
Pretty good bounce by the NASDAQ towards the end of trading.
Charts look like all sorts of awful.
Gold down sharply as well which quite often happens in a sharp risk off environment as margin calls get hit and the baby gets sold along with the bath water.
Gold got smashed about 30% in 2008 only to go on and treble over the next three years....
PE is one of the most useless metrics there is. It causes unintelligent behaviour: "The PE is too high! Won't touch that with a barge pole", then company crushes earnings and that PE goes in the bin. The other issue with PE is it is completely disconnected between industries and even stocks within industries; for some unknown reason, share market participants have massively varying degrees as to acceptable threshold for the magical PE number.
China's property stocks are also falling heavily. Asia's property bubble is worse than other markets. Way too high. Under any value method cannot justify property prices in many Asian countries.
NZ 10 YR hitting new highs this cycle today 5.29 %
rising oil prices , falling dollar , increasing nz debt , increasing food prices
inflation tick up again soon
OCR rates in NZ probably going up again to the 6% i predicted some time ago along with more mtge rises and more strain on the NZ economy