Originally Posted by
Phaedrus
It will take a 53% rise from current levels for the NZSX50 to regain its 2007 peaks. I am pleased to be able to report that this will happen at 2.15 pm on 19/12/2011.
Naturally, such a confident assertion rests on a couple of minor assumptions :-
(1) The bottom of the Bear market was reached on 3/3/09.
(2) The subsequent recovery will be at the usual 20% per annum.
The above is the first post on this thread.
It was posted on 4/6/2009 when the NZ50 index was 2,809.82
............................Today the NZ50 is 11,482.29.
1 year ago [21/12/2018] it was ......... 8,686.19
2 years ago [24/12/2017 it was.............8,398.08
5 years ago [21/12/2014 it was.............5547.42............note index has doubled since.
10 years ago[6/12/2009] it was ............3127.98