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It's time to take this all into perspective . . .
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The World Health Organization (WHO) recently estimated: 'The Flu' kills between 290,000 to 650,000 people globally, each year ❗ Compared to those numbers, the COVID-19 Coronavirus is still just a small blip on the map. Health.com Link 👉 https://www.health.com/condition/col...flu-every-year Selkirk |
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Can't move the markets on the common flu and the WHO will never squeeze $675 Million out of the world governments for it either. |
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I couldn't disagree more. I play the market swings, and have for 25 years, averaging around 30% return. If you don't know what you are doing, then yes,don't bother. I do know what I'm doing, and do well. Got very lucky getting in Aurora early and cashed out about 2 years ago. Got a 5x return in TFSA (no taxes for you turdoe!!!), then diversified into different funds, 32% last year. If you pay attention and know your stuff, can be very profitable. I'll be back in when the DOW hits 24,000. Until then, it is about preserving capital, not looking for swings. |
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If you have that much time on your hands to analyze the market and be able to figure out the bottom and the top - you are the simply GENIUS! If you are - than good for you! Or you could’ve been lucky so far.... |
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In any event I really don't give a rat's azz if u take my advice or think I know what I am talking about. Anyone as artificial, and pointlessly argumentative as you are isn't someone who's opinion matters to me. |
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You are entitled to your opinion though |
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This is not 2 months old. What happens when this circles the globe for a decade? |
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Economic Impacts of the 1918 Influenza Pandemic
I posted this in the other thread earlier but here it is again. I am trying to use this and other research as a way to think about how this could affect financial markets. We really have no other period prior to 1918-20 to compare the effects of a truly global pandemic and how markets and governments react. There are so many differences but some insight can be gained by looking at the effects on the economy back then and applying it to what is going on today.
https://www.stlouisfed.org/~/media/f...flu_report.pdf |
My entire portfolio is in self directed RRSP and TFSA accounts, so I was able to convert to cash with no tax penalties. I did lose some profits, but if this goes for a big dump, I can easily make that back on the recovery.
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everything will be fine. Coronavirus will not affect Canadians.
If it were dangerous, Trudeau and the government would have implemented stricter travel restrictions. Trudeau is not an idiot. He is wise and strong. |
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Watch how the futures react to Trumps talk on the bug tonight. How he handles this could make or break his re-election. And look at who we will get if Trump doesn’t get back in. Hows that scenario going to affect stocks? The market is terrified of that possibility. Plus we are well into a 11 year bull run, lots of stocks are overpriced, we have debt at all levels out the ying yang. Lots of negatives and the market was at all time highs just days ago. 2 days of slash and burn selling and a weak bounce. It don’t look good to me but who knows. Go Trump!
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Although both the Dow and the TSX were positive at some point today, they both finished down again. If anything, the uncertainty is still growing.
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I put some play money into a pharma stock that is working on a vaccine. If you pick the right one. Instant 25:1.
Legalized gambling but does give extra money and incentives to find a cure. |
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