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  #361  
Old 03-08-2020, 07:14 PM
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Twisted Canuck Twisted Canuck is offline
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Originally Posted by fishnguy View Post
With the news from Italy and elsewhere and failed oil talks, the melt tomorrow will be epic. Record drop in one day? I wonder.
It's going to be a bloodbath.
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  #362  
Old 03-08-2020, 07:16 PM
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With the news from Italy and elsewhere and failed oil talks, the melt tomorrow will be epic. Record drop in one day? I wonder.
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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  #363  
Old 03-08-2020, 08:42 PM
pikeman06 pikeman06 is offline
 
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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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  #364  
Old 03-08-2020, 08:51 PM
bsmitty27 bsmitty27 is offline
 
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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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  #365  
Old 03-08-2020, 09:35 PM
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Zip-in-Z Zip-in-Z is offline
 
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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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  #366  
Old 03-08-2020, 09:52 PM
thenaturalwoodsman thenaturalwoodsman is offline
 
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Originally Posted by Justfishin73 View Post
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.

Yah! Wow! Oil/OPEC who knows what tomorrow or the weak even brings! Compounded with the stress of the Virus!
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  #367  
Old 03-08-2020, 10:04 PM
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Yah! Wow! Oil/OPEC who knows what tomorrow or the weak even brings! Compounded with the stress of the Virus!
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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  #368  
Old 03-08-2020, 10:12 PM
thenaturalwoodsman thenaturalwoodsman is offline
 
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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
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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  #369  
Old 03-08-2020, 10:17 PM
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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!!!!!
Nope. Canít stand that guy. He canít get anything accomplished. He also makes our country look bad.
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  #370  
Old 03-08-2020, 10:18 PM
thenaturalwoodsman thenaturalwoodsman is offline
 
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Nope. Canít stand that guy. He canít get anything accomplished. He also makes our country look bad.
Oh...
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  #371  
Old 03-08-2020, 10:48 PM
Buckhead Buckhead is offline
 
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Iím waiting for the markets to drop some more.
Below 22,000 on the Dow and 2,000 on the S&P 500.
Thatís where the real fun begins.
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  #372  
Old 03-08-2020, 11:01 PM
thenaturalwoodsman thenaturalwoodsman is offline
 
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Originally Posted by Buckhead View Post
Iím waiting for the markets to drop some more.
Below 22,000 on the Dow and 2,000 on the S&P 500.
Thatís where the real fun begins.
OPEC/Virus could test the teens on the Dow!
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  #373  
Old 03-08-2020, 11:23 PM
Johnny G1 Johnny G1 is offline
 
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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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  #374  
Old 03-08-2020, 11:29 PM
fishnguy fishnguy is online now
 
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Quote:
Originally Posted by Buckhead View Post
Iím waiting for the markets to drop some more.
Below 22,000 on the Dow and 2,000 on the S&P 500.
Thatís where the real fun begins.
So mid next week, or end of it at the latest? Lol.
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  #375  
Old 03-08-2020, 11:29 PM
1stLand 1stLand is offline
 
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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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  #376  
Old 03-08-2020, 11:59 PM
raab raab is offline
 
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Originally Posted by 1stLand View Post
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?
If a person doesnít follow it closely, and canít 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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  #377  
Old 03-09-2020, 12:11 AM
Buckhead Buckhead is offline
 
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Originally Posted by fishnguy View Post
So mid next week, or end of it at the latest? Lol.
I donít 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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  #378  
Old 03-09-2020, 12:46 AM
Map Maker Map Maker is offline
 
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This to will pass.
When you think Iíll never put a penny in the markets, thatís when you want to buy.
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  #379  
Old 03-09-2020, 06:59 AM
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Originally Posted by Justfishin73 View Post
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.
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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  #380  
Old 03-09-2020, 07:49 AM
KinAlberta KinAlberta is offline
 
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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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  #381  
Old 03-09-2020, 08:35 AM
elkhunter11 elkhunter11 is online now
 
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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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  #382  
Old 03-09-2020, 08:40 AM
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Limiter #1 effected on the DOW
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  #383  
Old 03-09-2020, 08:42 AM
KinAlberta KinAlberta is offline
 
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Quote:
Originally Posted by Justfishin73 View Post
Limiter #1 effected on the DOW
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 ďRoaring Ď20sĒ before the 1929 crash. Maybe history will repeat itself.
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  #384  
Old 03-09-2020, 08:45 AM
fishnguy fishnguy is online now
 
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Quote:
Originally Posted by elkhunter11 View Post
The Dow opened down 1800, and the TSX down 1400, this is looking even worse than most people expected.
I wasn't kidding when I said 22,000 by midweek.
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  #385  
Old 03-09-2020, 08:47 AM
elkhunter11 elkhunter11 is online now
 
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The TSX has been suspended.
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  #386  
Old 03-09-2020, 08:49 AM
KinAlberta KinAlberta is offline
 
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All that toilet paper might be coming in handy now. :-)
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  #387  
Old 03-09-2020, 08:50 AM
Jim Blake Jim Blake is offline
 
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Quote:
Originally Posted by elkhunter11 View Post
The TSX has been suspended.
Meanwhile, high on the Liberal agenda today is a modification of Conversion Therapy Legislation
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  #388  
Old 03-09-2020, 08:59 AM
fishnguy fishnguy is online now
 
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Originally Posted by KinAlberta View Post
All that toilet paper might be coming in handy now. :-)
When one is ****ting bricks, I donít think toilet paper is very useful
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  #389  
Old 03-09-2020, 09:03 AM
fishnguy fishnguy is online now
 
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Quote:
Originally Posted by Jim Blake View Post
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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  #390  
Old 03-09-2020, 09:12 AM
Scott h Scott h is offline
 
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Quote:
Originally Posted by Map Maker View Post
This to will pass.
When you think Iíll never put a penny in the markets, thatís when you want to buy.
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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