Originally Posted by
duncan macgregor
TIM I moved all my investments to AUSTRALIA dec 2006 NZD was worth 90c today its worth 77c to 78c. My definition of a crash is when all the good companies end up in prolonged downtrends. We have exceptions at the start of a downtrend leading up to no exceptions in a crash. Dead cat bounces become common but in the end fall by the wayside. The market has crashed in NZ. Manufacturing is gone, retail is a disaster, even companies with a source of income like NZO get caught up fighting against the falling tide. Leave your money in Australia Tim the NZD still has a long way to fall. Macdunk