The market just wobbled. Will it fall down?

This week's market plunge reveals what has been going on. (Image: Depositphotos)

Thu, 06 Nov 2025

By James Mackintosh I don’t know if the sudden selloff this week is the start of a serious market plunge. But it does tell us something about what’s been going on. For anyone who hasn’t been paying attention, the answer can be summed up in one word: speculation.The more speculative an asset, the harder it fell on Tuesday [Wednesday, NZT]. Big Tech and artificial intelligence, penny shares, retail-investor favourites and crypto all dropped together. Gold fell, too, failing in its role as a haven asset after attracting lots...

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