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03-13-2020, 11:48 AM
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Join Date: Jan 2009
Location: Airdrie
Posts: 2,383
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Quote:
Originally Posted by KGB
Jezzes guys can you PLEASE say something positive today! I really hope this is the beginning of the uptrend and the end of the panic..,
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Not market related but I had a son last night so that’s positive, The foothills hospital in Calgary isn’t overrun by sick people and people seem to be taking precautions. Once the panic is over there ought to be some stability.
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03-13-2020, 11:57 AM
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Join Date: May 2012
Location: Alberta
Posts: 2,449
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Quote:
Originally Posted by slough shark
Not market related but I had a son last night so that’s positive, The foothills hospital in Calgary isn’t overrun by sick people and people seem to be taking precautions. Once the panic is over there ought to be some stability.
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Congratulations!!!
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03-13-2020, 12:19 PM
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Join Date: Aug 2016
Posts: 1,058
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Quote:
Originally Posted by Scott h
Safest place to isolate oneself would definitely include being on a boat.......  |
I don’t know about that. People might skidoo on the ice right up to you.
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03-13-2020, 12:19 PM
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Join Date: Dec 2017
Location: Edmonton
Posts: 382
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Quote:
Originally Posted by KGB
Jezzes guys can you PLEASE say something positive today! I really hope this is the beginning of the uptrend and the end of the panic..,
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Ordered a new CZ 457 to celebrate putting everything into cash...
Two weeks ago! 
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03-13-2020, 12:23 PM
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Join Date: Jun 2015
Posts: 570
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At this rate with 10k you should be able to buy a full cruise ship.
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03-13-2020, 12:25 PM
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Join Date: Dec 2014
Location: Near Longview AB
Posts: 545
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[Q. Who really thinks the risk free rate of return is actually 1/2%. Would anyone in their right mind lend money and accept a 1/2% rate of return? It's totally nuts.
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This is exactly what you are doing when you hold cash in a savings account. You are lending money to the bank at 1/2%.
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03-13-2020, 01:04 PM
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Moderator
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Join Date: Feb 2015
Posts: 7,763
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I tip toed in this morning at bought some F. Was considering Boeing, it crashed hard, $347.00 on 12th February to $155.00 on 12th March.
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03-13-2020, 01:06 PM
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Join Date: Jun 2011
Posts: 3,713
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[QUOTE=daveyn;4126473][Q. Who really thinks the risk free rate of return is actually 1/2%. Would anyone in their right mind lend money and accept a 1/2% rate of return? It's
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-13-2020, 01:30 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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Bank of Canada cuts another 50 bps, of course my mtg setup for three years 
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Wherever you go, there you are
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03-13-2020, 01:37 PM
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Join Date: Feb 2009
Location: Cardston Alberta
Posts: 346
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Both my rental properties are up for renewal in June. Currently being offered 2.19 for 5 years on both. Does a guy take it or keep waiting?
Quote:
Originally Posted by Justfishin73
Bank of Canada cuts another 50 bps, of course my mtg setup for three years |
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BEER, BAIT and AMMO
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03-13-2020, 01:38 PM
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Join Date: Jul 2017
Posts: 3,838
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Quote:
Originally Posted by Justfishin73
Bank of Canada cuts another 50 bps, of course my mtg setup for three years |
I don’t know what feel more foolish about, refinancing a couple of months ago for another two years because the rate was “too good to refuse” (wasn’t due till June), or not taking a loss and selling the house altogether (market here is already waaaay down from when we bought it), lol.
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03-13-2020, 01:40 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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Quote:
Originally Posted by B-radshaw
Both my rental properties are up for renewal in June. Currently being offered 2.19 for 5 years on both. Does a guy take it or keep waiting?
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WAIT!!! Youll be able to get under 2% fixed very soon
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Wherever you go, there you are
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03-13-2020, 01:42 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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Quote:
Originally Posted by fishnguy
I don’t know what feel more foolish about, refinancing a couple of months ago for another two years because the rate was “too good to refuse” (wasn’t due till June), or not taking a loss and selling the house altogether (market here is already waaaay down from when we bought it), lol.
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Sure not the time to sell yet, new mtg rates will heat up the market soon enough
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Wherever you go, there you are
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03-13-2020, 01:48 PM
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Join Date: Oct 2009
Posts: 4,858
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What the heck did Trump say markets are taking off...
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“If all mankind minus one, were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person, than he, if he had the power, would be justified in silencing mankind.” John Stuart Mill
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03-13-2020, 01:50 PM
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Join Date: Jul 2017
Posts: 3,838
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Declared emergency a few minutes ago.
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03-13-2020, 01:55 PM
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Join Date: Oct 2009
Posts: 4,858
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Quote:
Originally Posted by fishnguy
Declared emergency a few minutes ago.
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Yea, but that’s not going to protect against a recession... still have no confidence this doesn’t cause a major slow down.
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“If all mankind minus one, were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person, than he, if he had the power, would be justified in silencing mankind.” John Stuart Mill
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03-13-2020, 01:55 PM
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Join Date: Jul 2017
Posts: 3,838
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Quote:
Originally Posted by Justfishin73
Sure not the time to sell yet, new mtg rates will heat up the market soon enough
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The market in Peace River has been dead for a few years now. Everyone is selling at a discount, some cases a significant one. With what’s coming to the oil industry in Alberta, I don’t think there will be any buyers in the foreseeable future, even if the rates go to zero. I have been thinking about for the past couple of months, lol.
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03-13-2020, 01:56 PM
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Join Date: Jul 2017
Posts: 3,838
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Quote:
Originally Posted by raab
Yea, but that’s not going to protect against a recession... still have no confidence this doesn’t cause a major slow down.
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Of course not, but they are reacting to the government finally doing something or appearing to do so.
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03-13-2020, 01:57 PM
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Join Date: Oct 2009
Posts: 4,858
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Quote:
Originally Posted by fishnguy
Of course not, but they are reacting to the government finally doing something or appearing to do so.
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Well this will probably bite them in the butt then.
__________________
“If all mankind minus one, were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person, than he, if he had the power, would be justified in silencing mankind.” John Stuart Mill
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03-13-2020, 01:58 PM
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Join Date: Dec 2011
Posts: 2,888
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Friday the 13th and the best gains yet ,looks like there's a pile pouring back in.
JD
Last edited by JD848; 03-13-2020 at 02:26 PM.
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03-13-2020, 02:00 PM
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Join Date: Jun 2010
Location: Calgary, Alberta
Posts: 3,887
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People are buying now, because there are "cheap" stocks, so the market is bumping up abit.. But I'm fairly confident this is a dead cat bounce..
(now that I said that.../jinx)..
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03-13-2020, 02:01 PM
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Join Date: Oct 2009
Posts: 4,858
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Quote:
Originally Posted by JB_AOL
People are buying now, because there are "cheap" stocks, so the market is bumping up abit.. But I'm fairly confident this is a dead cat bounce..
(now that I said that.../jinx)..
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See what Monday brings, but just insane recovered all losses from yesterday with no solution to the issue.
__________________
“If all mankind minus one, were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person, than he, if he had the power, would be justified in silencing mankind.” John Stuart Mill
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03-13-2020, 02:03 PM
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Join Date: Oct 2012
Posts: 4,032
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Quote:
Originally Posted by JD848
Friday the 13th and best gains yet ,looks like there a pile pouring back in.
JD
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Welcome & glad to see your back !!
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03-13-2020, 02:07 PM
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Join Date: Dec 2011
Posts: 2,888
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Quote:
Originally Posted by raab
See what Monday brings, but just insane recovered all losses from yesterday with no solution to the issue.
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I think Monday won't be that bad, I still see 15000 in the near future, lots of corps buying back there shares at 25 percent discount.
Positive news even if I am wrong is better then anything negative.
JD
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03-13-2020, 02:10 PM
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Join Date: Dec 2011
Posts: 2,888
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Quote:
Originally Posted by tri777
Welcome & glad to see your back !!
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Thanks
Positive thinking is the only way to go if you want to survive any kinda of market or any obstacles in life .
JD
Last edited by JD848; 03-13-2020 at 02:21 PM.
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03-13-2020, 02:15 PM
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Banned
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Join Date: Dec 2009
Location: Copperhead Road, Morinville
Posts: 19,289
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Trader's market......Technical bounce. Things will get worse before they get better. I have a 50 dollar bill ready to invest but I'll wait until it bottoms and retests that bottom. She ain't going to hold onto any gains just yet IMO.
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03-13-2020, 02:24 PM
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Moderator
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Join Date: Feb 2015
Posts: 7,763
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Quote:
Originally Posted by HunterDave
Trader's market......Technical bounce. Things will get worse before they get better. I have a 50 dollar bill ready to invest but I'll wait until it bottoms and retests that bottom. She ain't going to hold onto any gains just yet IMO.
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I think it may. The fallout has little to do with companies performance, just peoples perspective. If peoples perspective changes, it will trend back up. Not to sound callous, but I don't think people dying, unless it's alot, will change perspective, and I think it's all about what they are seeing and reading. If it's called an emergency, funding for labs and testing kits increases, testing centers are set up, a health plan is presented, I feel people's fear will subside.
Of course, everything is a guess at this point.
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03-13-2020, 02:42 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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Didn't see that close coming.
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Wherever you go, there you are
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03-13-2020, 02:43 PM
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Join Date: Jul 2017
Posts: 3,838
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Watched the press conference just now. Pretty sure if the market kept going until now, pretty sure would see a significant drop from where it ended. Will see.
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03-13-2020, 02:45 PM
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Join Date: Jul 2017
Posts: 3,838
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Quote:
Originally Posted by Justfishin73
Didn't see that close coming.
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Haha. That’s because you haven’t been reading overnight what I and the White House were reading 
Edit: I think today has been very well strategically planned to keep the indexes up, but it won’t hold next week, I don’t think.
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