Originally Posted by
Beagle
Dow down 2000 + points as I predicted to Couta1 late last week. This Grizzly Bear has now woken up and ready to rampage on the NZX.
All good questions Aaron. Kiwi bonds, Govt issue, are a good place to hide if you think the banks are vulnerable...I don't think we are there yet but we might be down the track.
I'm just going to hide in my kennel and let the Bear do its thing. The questions you ask are the ones I'll be looking to answer in due course...you are dead right, there is no rush to answer those questions right now. Just be happy you had the foresight to go to cash.
Fortunately the current market action is no surprise to ~ 97% of people here, (per poll result), who picked either a bear market or a serious correction.
Allow yourself a pat on the back and a quiet drink or two later today in reflection.