Nasdaq breaks 20k!
Now short, we will see.
Small posi with fairly tight stop.
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Nasdaq breaks 20k!
Now short, we will see.
Small posi with fairly tight stop.
It has a chance to go up further. After sometime When a stock or an index hit some price barriers they tend to go up further. Difiintely,they will fall and history will repeat. At some point AI bubble will burst along with semi-conductors. I want to buy tech stocks in fire sales as they are way too expensive.
https://www.nzherald.co.nz/business/...EVGXLKEWQQDDM/
NZ bank’s trading in government bonds sparked FMA complaint over market manipulation
Brilliant - the mostlly toothless old mutt gets sent in to sniff around some steam arising off a pile of Govt Bond mutters & whispers ;)
Will it be a peppercorn token, the Court & Legal Costs & a 'Be a Good Bank' card issued .. assuming .. when finally they find a trolley with all wheels intact to push it into a Court in distant future ? ;)
Wonder how much other digging and shuffling went on around the acres of Robbo's other growing pile
of Govt IOU's thrown out to fill his widening gap ? ;)
Failing Businesses are being weeded out - Tony Alexander
https://www.newshub.co.nz/home/money...alexander.html
Forget failing businesses, at least they work for a living. I suppose what can you expect from a (former?) bank economist.
NZ desperately needs cheaper residential housing.
"Nvidia’s surge reveals a pitfall of passive investing: Morning Brief"
https://finance.yahoo.com/news/nvidi...100128356.html
Crikes,this rebalancing will be interesting ! TIMBER?
"Micron (MU), Qualcomm (QCOM), KLA Corp (KLAC), and Lam Research (LRCX) also closed at all-time highs on Tuesday, catapulting the broader S&P 500 Tech Index to its own record and bumping up its year-to-date return to an enviable 31%.
But the closest investable match — the Technology Select Sector SPDR Fund (XLK) — is underperforming its tech sector benchmark by over 10 percentage points this year."
"After the close Friday, the XLK ETF will be rebalanced to drop Apple's 22% share down to 4.5% and increase Nvidia's 5.9% share up to 21.1%, based on Bloomberg estimates."
Dozens of empty shop fronts on one stretch of Wellington road as sales 'drop right off'
https://www.rnz.co.nz/news/business/...drop-right-off
Temu, Amazon and AliExpress cash in as local shops do it tough
https://www.rnz.co.nz/news/business/...ps-do-it-tough