It come down to who replaces him at this point.
Printable View
No real panic
Could even be back to square one by end of the day --- maybe even up
looks like futures will target that 16900 - 17000 level short term break down of the channel and 50% fib levels but of course need to wait for us open for confirmation s&p will fall more naturally as dow contains some defensive companies like one of my favs Verizon up nicely this yr
What short memories we have.
One of the reasons nzx has done so well is the dividend policy of our companies.
If we see global interest rate increase falter nzx will become attractive - especially given we have relatively low exposure to uk and eu.
The question ought not be on selling but when to buy in.
Im all out--Took a loss on AIR but I had to ask myself ''would I rather have my shares now ..or have the same amount for $?? later, if I want)--Look at the situation,skid,--does it look like reason for optimism?-How many ways could this become more unstuck--a country is in danger of splitting up (3rd biggest economy)--Europe was in turmoil before--now this....IMO share markets were already overvalued(at least most places)...Im not afraid to take the loss...happier on the sidelines....keeping the gold of course.....''He who fights and runs away....lives to fight another day..:)
some on here and in the media are mis- understanding the fall on the ftse
ftse 100 was down less because of the pound fall which benefits them the ftse 250 was down 7% reflecting EU falls ftse 250 is more local business
Well the BOJ would certainly be jealous of the major devalue of the pound ...BOJ pushed into negative rates trying to drive down the value of the Yen to see the currency drive 15% higher on safe haven buying ....
http://www.independent.co.uk/voices/...-a7104356.html
Since the adoption of the Lisbon Agenda in 2000, the EU has committed itself to the most extreme programme of neoliberal capitalism in its trade agreements with other countries, relentlessly promoting the interests of big business at the expense of labour, society and the
environment.
-Looks like the ASX might well open in the green going from the futures
-Not selling my ASX positions but then Gold / PGM are going up in value