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03-02-2020, 03:11 PM
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Join Date: Apr 2010
Posts: 1,614
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Quote:
Originally Posted by chuck
Who reinvested this morning?
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No way jose. I bet by Friday we are negative on the week. Just my predictions tho.
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03-02-2020, 03:22 PM
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Join Date: Jun 2008
Location: Ft. McMurray and Kingston
Posts: 1,766
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Well, I'm back up 4 K since Friday  .
Just heard from my financial adviser; he pointed out that my diversification strategy I enacted a couple of years ago has largely sheltered us from the worst of thew past 2 weeks, but lots of people are panicky. He advised to just ride it out.
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03-02-2020, 03:34 PM
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Join Date: Jan 2015
Posts: 524
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Who knows what tomorrow holds, but the Dow just had it's biggest point gain day ever. Wouldn't surprise me either way if the market gains or drops 10%+ over the next weeks.
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03-02-2020, 03:47 PM
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Join Date: Jan 2013
Location: Sylvan Lake/South Calif.
Posts: 3,465
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Up we go today ..... hang on this could be a fun week.
D.
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 Z-z
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03-03-2020, 08:08 AM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,318
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Well, DOW was down 300 and TSX was treading water....then Fed announced a 50 bps rate cut....And the DOW bounced about 700 points in a hurry, now looking at +350 and +175 on TSX. It's all over the place, changing rapidly. Wonder if it will finish in green.
Kinda surprised Fed moved that much, that suddenly.
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'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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03-03-2020, 08:12 AM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,318
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DOW doesn't look like it's going to stay in the green long, dropping pretty steady. TSX looks a little more stable. Dow only showing +85 now....volatile, anyone?
Looks like Fed shot their last bullet, and it wasn't silver.
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'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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03-03-2020, 08:21 AM
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Join Date: Dec 2008
Location: Camrose
Posts: 45,378
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The Dow is back in the red, but the TSX is still showing a gain. That move by the feds caused a bounce, but it was short lived.
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Only accurate guns are interesting.
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03-03-2020, 08:27 AM
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Join Date: Oct 2009
Posts: 4,858
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Sold oil, holding gold, lets see what happens.
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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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03-02-2020, 03:48 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,218
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The only way to know for sure if this is a Dead Cat bounce is to wait and see what happens over the next two weeks. The problem with that is, if it isn't you will have already missed a great deal of the potential gains. This is why timing the bottom or top is virtually impossible, you can only know for sure in hindsight..
The DOW came off 15% at the peak of the drop, it put back on over 5% today, the S&P put on 4.6%. The TSX was off 12%, put back on 1.75% today. Some of the big blue chips that were down 8-9% gained back 3% today.
Right now you are buying at a 10-15% discount to a week ago. Yes there may be another 5-10% downside, but Coke for example gained 5% today alone. That made it a pretty good buy from this morning. The best you can do is Leg in the cash you are sitting on over time, and on top quality stocks.
Last edited by Dean2; 03-02-2020 at 03:59 PM.
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03-02-2020, 03:52 PM
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Join Date: Jan 2015
Posts: 524
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Quote:
Originally Posted by Dean2
The only way to know for sure if this is a Dead Cat bounce is to wait and see what happens over the next two weeks. The problem with that is, if it isn't you will have already missed a great deal of the potential gains. This is why timing the bottom or top is virtually impossible, you can only know for sure in hindsight..
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Well put.
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03-02-2020, 05:40 PM
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Join Date: Jul 2016
Posts: 3,500
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This is brilliant! They could make billions!
Quote:
Originally Posted by Dean2
The only way to know for sure if this is a Dead Cat bounce is to wait and see what happens over the next two weeks.
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How long do you think a skilled team could keep this going? Provided they had spare batteries and the SEC continues to look the other way? Like they did the last few times? 
This really needs to be redone with the Wall Street and Bay Street crew. 
https://www.youtube.com/watch?v=-j_CxQFziFU
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“One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain.” - Thomas Sowell
“We seem to be getting closer and closer to a situation where nobody is responsible for what they did but we are all responsible for what somebody else did.”- Thomas Sowell
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03-02-2020, 03:56 PM
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Join Date: May 2007
Posts: 15,951
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Quote:
Originally Posted by pikeman06
No way jose. I bet by Friday we are negative on the week. Just my predictions tho.
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So no one knows?
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“I love it when clients bring Berger bullets. It means I get to kill the bear.”
-Billy Molls
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03-02-2020, 04:02 PM
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Banned
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Join Date: Jun 2007
Posts: 4,158
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I didn't research this info but found it interesting.
I don't know what to believe from the media anymore... so i'll wash my hands...
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03-02-2020, 09:48 PM
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Join Date: Aug 2016
Posts: 1,058
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Quote:
Originally Posted by Deer Hunter
I didn't research this info but found it interesting.
I don't know what to believe from the media anymore... so i'll wash my hands... |
What’s 2% of the human population divided by say 365 days? (What the heck, divide it by 1,095 for a lower daily kill rate in case it takes 3 years.)
This is just one more thing we may now, forever have to try to live with. Wouldn’t it be nice to eliminate any one of those killers in the list above? The idea of preventing one more seems to have been beyond the mental capacity of the guy that put that compilation together.
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03-03-2020, 08:08 AM
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Join Date: Jun 2011
Posts: 3,713
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FED just made emergency 50 bps rate cut.
We are going to see if cheap money is the vaccine for the virus. I expect a bounce that won't last. If you want to lighten up I think this may be the last chance but who knows. Not advice, just opinion.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-03-2020, 08:58 AM
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Join Date: Dec 2008
Location: At the lake
Posts: 2,523
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Quote:
Originally Posted by bdub
FED just made emergency 50 bps rate cut.
We are going to see if cheap money is the vaccine for the virus. I expect a bounce that won't last. If you want to lighten up I think this may be the last chance but who knows. Not advice, just opinion.
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Agree. They are trying to fix a health issue, the same way they would fix a financial one.
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03-03-2020, 09:11 AM
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Join Date: Jun 2011
Posts: 3,713
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Quote:
Originally Posted by Scott h
Agree. They are trying to fix a health issue, the same way they would fix a financial one.
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They also did a oversubscribed $100+ billion repo operation yday. They are crapping bricks that this thing is going to evolve into financial crisis as well as a pandemic.
Just watching the FED's Powell speaking on the rate cut. First thing he did was cough at the start of his speech lol. Is he infected? Maybe that's why we got the 50. Seems his speech isn't calming markets anyway.
https://www.marketwatch.com/story/fe...bed-2020-03-03
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-02-2020, 04:06 PM
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Join Date: Oct 2009
Posts: 4,858
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Quote:
Originally Posted by chuck
So no one knows?
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If people knew, then investing would be easy... Im debating selling my oil stock or holding them to see what happens with inventories. Also debating adding to my gold position. If I knew for sure what was going to happen in two weeks, it'd be easy to make a decision.
__________________
“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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03-02-2020, 05:18 PM
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Join Date: Sep 2007
Location: Strathcona County
Posts: 1,900
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I'm not doing anything. Just sitting on the sidelines all this week.
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03-02-2020, 05:41 PM
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Join Date: Apr 2008
Location: East of the big smoke
Posts: 1,496
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I have a low % of my investments in stock, but I pulled my stocks a week ago. Too crazy for me!
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03-02-2020, 06:31 PM
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Join Date: May 2007
Posts: 15,951
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Quote:
Originally Posted by raab
If people knew, then investing would be easy... Im debating selling my oil stock or holding them to see what happens with inventories. Also debating adding to my gold position. If I knew for sure what was going to happen in two weeks, it'd be easy to make a decision.
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A lot of guys here seem to know.
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“I love it when clients bring Berger bullets. It means I get to kill the bear.”
-Billy Molls
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03-02-2020, 06:54 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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For those who think this is over, Markets spiked 4.6% the following week in 2008, but the rally proved short-lived as the crisis deepened. The index was down three and six months later and wouldn't bottom until March 2009.
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Wherever you go, there you are
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03-02-2020, 08:06 PM
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Join Date: Dec 2008
Location: At the lake
Posts: 2,523
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Quote:
Originally Posted by Justfishin73
For those who think this is over, Markets spiked 4.6% the following week in 2008, but the rally proved short-lived as the crisis deepened. The index was down three and six months later and wouldn't bottom until March 2009.
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I think you're right. Can you imagine what will happen if the US starts testing (which they haven't been) and all of a sudden the number of starts going through the roof ?
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03-02-2020, 08:27 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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Let alone the people in the US who won't/cant get tested due to the out of pocket cost. Ah, universal health care......
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Wherever you go, there you are
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03-02-2020, 09:28 PM
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Join Date: Aug 2016
Posts: 1,058
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Quote:
Originally Posted by Scott h
I think you're right. Can you imagine what will happen if the US starts testing (which they haven't been) and all of a sudden the number of starts going through the roof ?
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Markets can be volatile.
Quote:
A dire phase of the coronavirus outbreak? 'Boom' of US cases 'should be expected' as global death toll tops 3,000
JOHN BACON | USA TODAY
Updated 11:54 a.m. MST Mar. 2, 2020
“ "There are some enormous implications here," Trevor Bedford, a researcher at the Fred Hutchinson Cancer Research Center in Seattle, posted on Twitter. "I believe we're facing an already substantial outbreak in Washington State that was not detected until now."...
“ "Under current circumstances, a boom of cases should be expected," Omenka said. "Especially given the possibility of asymptomatic spread and mildness of the disease."
The way to stop the spread: human behavior. It's crucial that people follow steps recommended by the Centers for Disease Control and Prevention, such as frequently washing their hands and self-quarantining when sick, Omenka said.
...”
https://www.usatoday.com/story/news/...te/4923129002/
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Last edited by KinAlberta; 03-02-2020 at 09:40 PM.
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03-02-2020, 07:21 PM
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Join Date: Apr 2010
Posts: 1,614
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Quote:
Originally Posted by chuck
A lot of guys here seem to know.
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I think its kinda cool to hear other blue collar type outdoorsmans opinions on such matters chuck. Yerself? What do you base your extensive knowledge on? CBC? How do you go about making decisions in life? Ever listen to somebody else or do you already know it? You betcha.😉
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