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03-08-2020, 06:14 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,235
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Quote:
Originally Posted by fishnguy
With the news from Italy and elsewhere and failed oil talks, the melt tomorrow will be epic. Record drop in one day? I wonder.
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It's going to be a bloodbath.
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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03-08-2020, 06:16 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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Quote:
Originally Posted by fishnguy
With the news from Italy and elsewhere and failed oil talks, the melt tomorrow will be epic. Record drop in one day? I wonder.
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I think tomorrow could very well be one of the worst days in the markets ever. Oil collapsing is the straw that broke the camels back. Not good. Not good at all.
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Wherever you go, there you are
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03-08-2020, 07:42 PM
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Join Date: Apr 2010
Posts: 1,615
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Brace yourselves. All that toilet paper everyone has been buying can be used to wipe the tears away as well as the mess in your trousers when you realize how much you've lost on your investments. Glad I bailed.
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03-08-2020, 07:51 PM
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Join Date: Apr 2008
Location: East of the big smoke
Posts: 1,496
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I wish luck to everyone in the ride that's about to happen. Here's hoping that when it's over, it leaves everyone in a place they are comfortable.
There will be winners and losers. I hope everyone can use some tact over the next while.
Keep your stick on the ice!
Brad
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03-08-2020, 08:35 PM
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Join Date: Jan 2013
Location: Sylvan Lake/South Calif.
Posts: 3,465
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If you've done nothing till now ... you have to look at it as it's all on paper and just ride out the storm.
Best of luck next week ... unless you still own that gold mine in the YK.
D.
As of March 08th ....
EDIT: .... still in Palm Springs for another month, on tonight's news they said the first C-Virus case was reported in Rancho Mirage, sure got the locals excited, the entire Coachella Valley is one big community nursing home.
.
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 Z-z
Last edited by Zip-in-Z; 03-08-2020 at 08:46 PM.
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03-08-2020, 08:52 PM
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Join Date: Oct 2008
Posts: 465
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Quote:
Originally Posted by Justfishin73
I think tomorrow could very well be one of the worst days in the markets ever. Oil collapsing is the straw that broke the camels back. Not good. Not good at all.
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Yah! Wow! Oil/OPEC who knows what tomorrow or the weak even brings! Compounded with the stress of the Virus!
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03-08-2020, 09:04 PM
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Join Date: Mar 2020
Location: Leduc County
Posts: 1,079
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Quote:
Originally Posted by thenaturalwoodsman
Yah! Wow! Oil/OPEC who knows what tomorrow or the weak even brings! Compounded with the stress of the Virus!
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Things will work out people. The markets will recover after a crash. They always do. Only thing that concerns me is the USA in this virus. States not at all prepared and look who is president lol
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The secret of getting ahead is getting started.Mark Twain 
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03-08-2020, 09:12 PM
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Join Date: Oct 2008
Posts: 465
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Quote:
Originally Posted by Jigsalot
Things will work out people. The markets will recover after a crash. They always do. Only thing that concerns me is the USA in this virus. States not at all prepared and look who is president lol
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Sheesh! You have faith here in Canada and Trudeau? Last I checked we/he (Trudeau) was still good flying into China!!!!!
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03-08-2020, 09:17 PM
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Join Date: Mar 2020
Location: Leduc County
Posts: 1,079
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Quote:
Originally Posted by thenaturalwoodsman
Sheesh! You have faith here in Canada and Trudeau? Last I checked we/he (Trudeau) was still good flying into China!!!!!
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Nope. Can’t stand that guy. He can’t get anything accomplished. He also makes our country look bad.
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The secret of getting ahead is getting started.Mark Twain
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03-08-2020, 09:18 PM
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Join Date: Oct 2008
Posts: 465
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Quote:
Originally Posted by Jigsalot
Nope. Can’t stand that guy. He can’t get anything accomplished. He also makes our country look bad.
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Oh...
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03-08-2020, 09:48 PM
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Join Date: Sep 2007
Location: Strathcona County
Posts: 1,896
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I’m waiting for the markets to drop some more.
Below 22,000 on the Dow and 2,000 on the S&P 500.
That’s where the real fun begins.
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03-08-2020, 10:01 PM
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Join Date: Oct 2008
Posts: 465
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Quote:
Originally Posted by Buckhead
I’m waiting for the markets to drop some more.
Below 22,000 on the Dow and 2,000 on the S&P 500.
That’s where the real fun begins.
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OPEC/Virus could test the teens on the Dow!
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03-08-2020, 10:23 PM
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Join Date: Oct 2015
Location: Clearwater BC
Posts: 298
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Can we not just but the Turd a ticket to go on a cruise some where or a plane ticket to Asia???? Lol
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03-08-2020, 10:29 PM
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Join Date: Jul 2017
Posts: 3,702
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Quote:
Originally Posted by Buckhead
I’m waiting for the markets to drop some more.
Below 22,000 on the Dow and 2,000 on the S&P 500.
That’s where the real fun begins.
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So mid next week, or end of it at the latest? Lol.
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03-08-2020, 10:29 PM
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Join Date: Sep 2013
Posts: 367
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If a person has their investments in a robo-advisor platform like wealthsimple and its all in CASH at the moment, what would be a good risk profile to get back in the market at when it reaches bottom?
A 9 or 10 (portfolio made up of various ETFs and no bonds) risk profile to capitalize on equity growth when the market recovers? Or a balanced portfolio of 60/40 weighting?
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03-08-2020, 10:59 PM
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Join Date: Oct 2009
Posts: 4,858
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Quote:
Originally Posted by 1stLand
If a person has their investments in a robo-advisor platform like wealthsimple and its all in CASH at the moment, what would be a good risk profile to get back in the market at when it reaches bottom?
A 9 or 10 (portfolio made up of various ETFs and no bonds) risk profile to capitalize on equity growth when the market recovers? Or a balanced portfolio of 60/40 weighting?
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If a person doesn’t follow it closely, and can’t value a company. Their best bet is to dollar cost average the S&P 500 or Dow Jones Index fund. I would take your age and substract it from 100 to figure out how much to keep in cash, and how much to invest. The number you come up with is the percentage you invest in the index fund. The rest just leave in cash given the return on bonds, the liquidity of cash is worth more. If you really want to have it invested somewhere safe maybe a GIC.
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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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03-08-2020, 11:11 PM
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Join Date: Sep 2007
Location: Strathcona County
Posts: 1,896
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Quote:
Originally Posted by fishnguy
So mid next week, or end of it at the latest? Lol.
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I don’t try and time the markets. Or even pay much attention to the news.
Too much static. I have my own indicators and strategy that works for me and
allows me to sleep at night. Is it always right? No, not even close, but more often than not, and I am happy with that.
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03-08-2020, 11:46 PM
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Join Date: May 2007
Location: Red Deer
Posts: 1,531
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This to will pass.
When you think I’ll never put a penny in the markets, that’s when you want to buy.
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03-09-2020, 05:59 AM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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Quote:
Originally Posted by Justfishin73
My uneducated guess is 22,000-23,000. I think the market was wildly overbought and overinflated. I was waiting for a 20% correction regardless of the virus, which does put a whole new spin on things though.
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With what happened with oil overnight,futures were stopped out. Look for limiters on the market to be used today. Rethinking that 22,000 -23,000 to possible sub 20,000. Ugly is an understatement.......
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Wherever you go, there you are
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03-09-2020, 06:49 AM
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Join Date: Aug 2016
Posts: 1,058
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Falling markets are opportunities when they fall below their intrinsic value with a margin of safety added. Plus falling energy prices are stimulative at some point too.
So those who sold high and are sitting on a lot of cash now will eventually start licking their lips.
Too bad though that most asset classes and equity markets allowed themselves to be pumped up to such extreme valuations. Bursting bubbles are always very ugly to those taking the massive hits.
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03-09-2020, 07:35 AM
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Join Date: Dec 2008
Location: Camrose
Posts: 45,118
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The Dow opened down 1800, and the TSX down 1400, this is looking even worse than most people expected.
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Only accurate guns are interesting.
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03-09-2020, 07:40 AM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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Limiter #1 effected on the DOW
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Wherever you go, there you are
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03-09-2020, 07:42 AM
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Join Date: Aug 2016
Posts: 1,058
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Quote:
Originally Posted by Justfishin73
Limiter #1 effected on the DOW
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People love market interference on the downside.
I wonder if the Roaring 20s are already over. :-)
Actually in the early 1920s there was a quick short market dip (recession) then a recovery into the insanity of the real “Roaring ‘20s” before the 1929 crash. Maybe history will repeat itself.
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03-09-2020, 07:45 AM
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Join Date: Jul 2017
Posts: 3,702
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Quote:
Originally Posted by elkhunter11
The Dow opened down 1800, and the TSX down 1400, this is looking even worse than most people expected.
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I wasn't kidding when I said 22,000 by midweek.
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03-09-2020, 07:47 AM
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Join Date: Dec 2008
Location: Camrose
Posts: 45,118
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The TSX has been suspended.
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Only accurate guns are interesting.
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03-09-2020, 07:49 AM
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Join Date: Aug 2016
Posts: 1,058
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All that toilet paper might be coming in handy now. :-)
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03-09-2020, 07:50 AM
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Join Date: Jan 2018
Location: West Central Alberta/Costa Rica
Posts: 1,114
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Quote:
Originally Posted by elkhunter11
The TSX has been suspended.
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Meanwhile, high on the Liberal agenda today is a modification of Conversion Therapy Legislation 
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03-09-2020, 07:59 AM
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Join Date: Jul 2017
Posts: 3,702
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Quote:
Originally Posted by KinAlberta
All that toilet paper might be coming in handy now. :-)
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When one is ****ting bricks, I don’t think toilet paper is very useful 
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03-09-2020, 08:03 AM
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Join Date: Jul 2017
Posts: 3,702
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Quote:
Originally Posted by Jim Blake
Meanwhile, high on the Liberal agenda today is a modification of Conversion Therapy Legislation |
Many will need therapy during this and probably after, so it looks like they are on top of it.
Look at this guy though, it appears he is on top of it too:
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03-09-2020, 08:12 AM
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Join Date: Dec 2008
Location: At the lake
Posts: 2,514
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Quote:
Originally Posted by Map Maker
This to will pass.
When you think I’ll never put a penny in the markets, that’s when you want to buy.
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I agree. Once the pandemic has passed the markets will gradually settle and there will be buying opportunities (they may however look completely different than what we lost money on at this point in time).
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