I think most love low oil prices
Just that the market sees huge losses from unprofitable oilers and the debt associated with them
When thats washed through the system and oilers can make money on $30 oil it will all be honky dory again
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When the biggest movers for the day on the nzx board are Blis, Veritas, Pumpkin, Promisia and Wellington Drive you know exuberance abounds .......... and another correctionis is around the corner
ACC SSH on RBD flicks a 400k+ parcel, drops out of the 5%. Prior to that, Salt Funds flicks a million shares, Westpac does as well - not an SSH anymore. All in the past week or so. Watch the big guys, they're not incredibly successful by not picking tops and taking profits (and vis versa).
What about the latest fear mongering, around the missing 28 pages from the Sept'11 report. Bears are always fabricating something gloomy. Saudi apparently threatening a $750 billion sell down of US Treasuries if the 'missing pages' are released and it implicates them. Why would they worry? Market shocks just seem to come out of nowhere. Probably come to nothing, maybe.
Whew - its taken a while but finally back to where it was nearly 9 years ago
New Zealand shares finally surpass pre-financial crisis values
http://www.stuff.co.nz/business/indu...-crisis-values
bring on lucky 4000???
reached my target prices mentioned long ago on da thread 2100, 17800 -18000 nice ride from the 15500 lows it remains to be seen what happens now seem silly I guess not to make new highs being so close? time will tell which way the wind blows
...and in the meantime NZ house prices have gone up by about 35% and inflation in the past nine years has been 19%.
https://www.qv.co.nz/resources/news/article?blogId=223