It's just profit-takers moving in after what has been a very, very good run in the share price.
There is a psychological level at which investors are going to start looking at the fixed-interest market much more aggressively, ... Psychologically, you need interest rates to be about 8 per cent.
Again the market foolishly priced in all the upside, all the blue sky on day one ... all on the back of some promises.
New Zealand investors behave like a bunch of sheep.
The government intends to render my previous petition moot and academic.
There's plenty of money out there.
Uncertainties have never been great for markets.
The IBP is greatly disturbed by this move of the government because the Constitution and the rule of law cannot be twisted or manipulated to serve partisan ends.
The market's had such a good run ... and there's a certain inevitability when you've got that kind of strength that the market is going to have to take a bit of a breather.
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