The quarantining of Lombard towns and the closing of Northern Italian schools is not helping the fear that it is spreading through Europe.
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Its funny , while I agree sentiment changes quickly (in the big picture), I've also been amazed how slowly it turns (in the little picture).
There was time to get out re coronavirus.
I personally didn't act on it much coz I already was very underweight, and had been skimming off the tops already.
But today was quite nasty with most stocks down (apart from Chorus!!) I hate that share lol, it shouldn't be doing so well coz I bagged it hahah.
looking very ugly open
looks like its going to open on support , if doesnt hold im looking for around 3218 area
change bro open under support now still 3218 ?
just hit 3218 if doesnt hold this gonna get super ugly
Still not bad in the grand scheme of things, you shouldn't be worrying about where stocks will be in 5 days, or 5 weeks or even 5 months unless you're a short term investor.
Even at the lowest level of the day, the NZX50 was still higher than the start of the year, still up 27% for past 12 months. Expect a recover with the futures up 200 points.
I'm interested to see what happens to people if stocks are down for a few months on end and what the reaction is. A lot more people are getting into index funds now then ever before.
Had my kiwi saver in the lowest possible risk for a few years in anticipation of this event should have happened years ago...
DOW going to 20,000 imo...
Fully cashed up now...
All crypto tethered
:cool:
.^sc
not as simple as you say. as a long term investor you can still lose terribly by buying at expensive levels. did you know even buffett has been selling apple in q4 on the way up even he sells when values are stretched.
The index funds have pushed indices up they will do the same on the way down. the only reason the markets rallied from november last year is fed qe so its built on quicksand now. they cant keep printing forever. buybacks cant keep happening forever.