Maybe the Anglophone World is getting leaders who are the antithesis of Euro style and panache?
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Do you mean in nz or overseas?
Maybe I'm a glass half empty person at times but the uncertainty of the EU at a time where global growth was already less than solid is enough to potentially create more than a transient blip on the radar. We are all cogs in the same machine and theres a few worn and wobbly ones that have the potential to wreak some havoc. I'm not saying it's going to happen but it can't be ruled out so I'm exercising caution.
Sorry, your comments above are simplistic and misguided, and demonstrate your very limited understanding of the EU, and wholly ignore the collective benefits extended to EU member states (much of which is - intentionally - opaque to the UK population I might add).
UK politicians (MEPs, Members of the European Parliament, are generally representative of domestic political parties) are at the extreme end of the spectrum (not alone, mind you) when it comes to negotiating, influencing and ultimately ratifying EU laws, and then turning around to their domestic audience and pointing to the big bad EU as the source of all woes.
In short, UK domestic politicians, along with their counterparts from other EU member countries, are responsible for the very legislation, regulation and decision-making in the EU that they deride to a unsophisticated and gullible domestic audience. The UK media have a huge part to play in this, which is immediately obvious to anyone picking up a UK tabloid, for example.
If NZ was just off the coast of Europe, it would be applying for EU membership in a flash.
Note that much of the observations above are true to an extent of all EU members, but we are discussing UK in particular.
Both. If you look at stockmarket charts since 1929, its times like crisis's (pardon the spelling) that offer great entry opportunities. Look at 1987, 1998. 2000, 2008 etc. When the GFC hit the NZ market dipped to 3500 odd (from memory) and everyone was saying it was time to sell and get out because things were too uncertain and risky.
I agree that buying at the bottom is the best opportunity but picking the bottom is the million dollar question. Was Friday a blip and business as usual Monday or are we going to see more declines. The weekend gives the experts time to form conclusions on opposite ends of the scale and time will tell which half got it right.
It's not a stretch to think the EU could crumble further which will have a global economic effect.
I don't think economies were that great for the last wee while and central banks have thrown billions at keeping things trucking along.
I'm not convinced for the nzx and others to follow the next couple of trading days are going to be good ones but who knows really.
Read that link Skid. Interesting take on things in February. Wonder how the updated charts measure up
Just one more talking head who seeks kudos and financial rewards. Skid you've been on the sidelines for a long time ? Please correct me there if I'm wrong..Other than your AIR pick(unfortunate) .Opportunities lost or?.how has your strategy played out. Im not sure when the opportunity to start buying is yet. This could be the first wave down or the only. Ive built up re 10% in cash but bought more Goldies on friday hopefully to take advantage of the mkts being caught out with brexit. all the finanicial Instos etc opinions were sure of a remain and gold billion held has been caught short.