The skiing was a lot better than the market by the looks today, never mind the sun will still rise tomorrow even if its obscured by cloud. Hey Skid not all the blue chips got sold off, Air held up ( But then again it's seriously undervalued aye)
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The skiing was a lot better than the market by the looks today, never mind the sun will still rise tomorrow even if its obscured by cloud. Hey Skid not all the blue chips got sold off, Air held up ( But then again it's seriously undervalued aye)
Hi Baa ...
somewhat confused ... you said "October soon, never a good month".
I am just wondering how you measure that?
Just looking at the NZX50 values for the last 3 "Octobers" ... and the score did always rise during this month:
1 Oct 2014: 5275; 31 Oct 2014: 5388 - up 113
2 Oct 2013: 4769; 30 Oct 2013: 4868 - up 99
1 Oct 2012: 3905; 29 Oct 2012: 3914 - up 9
I guess, obviously nobody can predict what happens this October (well, I can't), but just wondering whether you can help us to understand what you mean with "never a good month"? Did you intend to say "in the past not a good month for shorters"?
No not all got sold off--the ones sold were the ones that had alot of foreign money invested--Im not sure if that the case with AIR but since its overvalued it will probably drop on its own ....(just pulling your leg...dont know if its undervalued or overvalued ...just like you dont)--the market will decide
aside from the Nasdaq US markets are taking a breather so possibly some (blue chips)will recover a bit I mentioned Spark in particular because everyone was raving about how they were bucking the trend of outside markets.
If this happens to turn into a longer term slow down it could put a damper on overseas vacations so no one really knows about airline stocks,but things certainly look fine at this stage (alot of flights that Ive been on have been pretty full)--of course the nature of airlines (advance bookings etc)mean that a slowdown would not be immediate,unless god forbid ,something really bad happened)
Meanwhile betting against the market is like betting against the house at the casino ,you may win a few times but it will get you in the end--there are so many reasons that cause the market to do what it does that we cannot fathom. Thats why most who do well, try to find ways to work with the market Trends etc. (and try not to think of their shares as their kids or pets who require our constant devotion) Like parents ,they (shares)will still be there when you return.
Alot of the posters on this forum have been investing in an era of easy money ,so even with the ups and downs,there has been that general advantage,created by the QEs--things have changed a bit now--In the US in particular they are trying to figure out how to start to pay the piper without causing to much damage(not an easy task--some say impossible) So there is a real chance we will be playing in a different arena now where the playing field has tipped--If that is the case ,those who have ''reset the clock'' know they need the advantage of cheaper shares to survive so have exited---time will tell if they are right.
I personally feel there are very real reasons why all this is happening other than ''sh-t happens''-----Have you read the book ''the sun comes up on the poor'' Its a story of a gambler who was once comfortable but bet his money away and his life after living in poverty and all the adventures that happened ,on his way to the bottom(as life went on).------Just pulling your leg again--hope you have a sense of humour:)
Investopedia agrees with you BP, http://www.investopedia.com/articles...ber-effect.asp ... so I guess you're right.
I think its more overseas markets that the ''october'' thing applies to --Im sure there are better things to research though :)
Yes Skid I do have a good sense of humour, I mean my portfolio is 263k in the red but I'm still happy:) PS-No I don't take medication.