Am never happy when the market goes up, always wishing had bought more.
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Am never happy when the market goes up, always wishing had bought more.
hate to say this folks but SPX500 did a shooting star.
Attachment 12078
I shoot you not.
Central bankers have become irrelevant in these low inflation days
Orr will make out he’s still very important and today will come up with something that he wrongfully will think will stimulate the economy
Better if he shut up and went on extended leave ....wasted space
rotation out of tech into covid recovery stocks continuing today in the US , expecting similar price action in NZ/USD. be watching NZD today following ORR's statement hoping for a spike too resistance around 69c then i can lock some USD in for my upcoming black friday sales day in the US
Just what I was saying .....Orr and his mates around the world exist these days pretending they are actually doing things to stimulate the economy but really their masters are finance guys who know that every meaningless word will ‘shift’ the markets for an hour or two .....they need this to happen a lot for themselves to remain relevance ...but not productive and add stuff all to the economy.
as house prices go up and stock prices go up you feel wealthy dont you winner , might even want to splash some of your new wealth around by buying stuff. as for the rest im in the camp that likes helicopter money deposited directly into lower income peoples bank accounts but that is not orrs fault that is a govt decision.
its weird that Black Monday has become a default general chat thread.... esp given how sharemarket investors are meant to be optimistic people. Not that I am.
I'm picking a slightly drawn out consolidation on the US market at this stage , exactly like for OCA after its shooting star candle - where we are still seeing relative weakness - because its the same pattern on the SPX500 yesterday. Lets see how this one plays out. we haven't seen the ideal down day today to follow that up but it has stayed low and hasnt closed yet.
Reserve Bank makes surprising announcement on move to reinstate lending restrictions in face of searing housing market; has also announced further delay in introducing new bank capital requirements till 2022
https://www.interest.co.nz/property/...trictions-face
wonder if the meeting with grant had anything to do with these surprise announcements
Nothing surprising about signalling a move back to LTV ratios. Some of us have been calling for and expecting them for some time.