DOW down another 500 points, 2% atm, pretty irrational buying in on a falling mkt imo with lower highs and lowers lows this pullback aint finished yet. And keeping on averaging down can become a shot in the foot ego entrapment.
Printable View
DOW down another 500 points, 2% atm, pretty irrational buying in on a falling mkt imo with lower highs and lowers lows this pullback aint finished yet. And keeping on averaging down can become a shot in the foot ego entrapment.
I does seem that the Dow Jones is taking a breather (currently down 1,000 points in last couple of days; 1,500 (5%) in last week) due to bonds increasing from 2.4 to 2.8% since beginning of year (and 'elevated' market according to Yellen) and concern that potential for inflation could push bonds more.
Our market being closed today makes it interesting, a bit like a trading halt, where you expect the share price to jump up or down on open, faster than you can respond to.
I have been waiting for pullback to buy bargains, but in my January rebalance have have ended up with not that much available cash along with recently purchased PPH and ATM [one, one down :p].
What are people's thoughts on our market being stuck in limbo until tomorrow? Could opening prices be much different from yesterday's close? Will our market follow whatever Aus does today?
if we get another 500 pts tomorrow night us time that be 1000pt drop by wed nz time it will indded be a beast of a wednesday
could be a 1000 today? maybe 2000 on wednesday taht be a 500 pt nzx fall i reckon
Still it is not a big concern for me. Because markets have gone up so far there should be these types of selling. We may see even 5% or 10% drop in global markets. NZ could escape from some big selling thanks to today's holiday.
we updated our call to 2000 down
1500 points now, margin calls.
Exactly, and ultimately corporate profitability drives stock prices, and earnings are still growing, this is just a good healthy correction after a hard run up on the US markets mixed with a bit of fear about rising interest rates. Looking forward to spending the rest of my available money tomorrow on some of our excellent divvy paying companies, and hoping like crazy that A2 drops below $8.50(My top up target)