http://www.nzherald.co.nz/indepth/bu...-market-crash/
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30 years on, have we learnt anything? I'm still learning, and can remember that day very clearly. Working in Queen St at the time, I would go and watch the 'chalkies' at least 3 times a day. I took an absolute hammering but only paused a short time before I was back in. There were alot of basket case shares at the time and even today......my 2 picks currently would be Snakk and SeaDragon (which I hold)......nope havn't learnt a bloody thing!!!!!
I recall it well too. Earlier in the year I had sold my house and parked all my well-earned in the booming share market while I looked to buy realestate elsewhere. Fortunately I also invested in my first computer and Metastock charting software.
About 10 day's before the crash all the TA signals started going extremely negative. I thought it was a computer error until my lovely other half said, "you've spent so much on this bloody computer, you should take notice of what it says." So I did. Sold 90% of my holdings 5 days before the crash.
Came out with only a small loss (about $20k) when I could have lost it all. Stayed away from the share market since and only re-entered in 2013. Have learned heaps since and still rely on TA (perhaps more than FA.)
This time of year is always a nervous time for me (call me old fashioned!!)
interesting article shows number of years of positive mths in the s@P 500 since 1928 , just goes to show being in the market is really the only viable option over the long run.
http://www.marketwatch.com/story/sp-...ing-2017-10-12
Seems like nonsense considering bitcoin core is open source, and thus there can't really be a backdoor as such - the only way this conspiracy could work is if someone knows how elliptical curve DSA is broken or SHA-256 hashing can be cracked (e.g. by use of future quantum computers), and I don't see how this knowledge could be confined to whoever is/are satoshi.
So labour it is. What will happen tomorrow morning. Will the stock markets collapse? I think there will be a market correction at some stage. This maybe the catalyst