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  #631  
Old 03-13-2020, 12:48 PM
slough shark slough shark is offline
 
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Originally Posted by KGB View Post
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..,
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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  #632  
Old 03-13-2020, 12:57 PM
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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.
Congratulations!!!
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  #633  
Old 03-13-2020, 01:19 PM
KinAlberta KinAlberta is offline
 
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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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  #634  
Old 03-13-2020, 01:19 PM
StiksnStrings StiksnStrings is offline
 
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:
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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..,
Ordered a new CZ 457 to celebrate putting everything into cash...


Two weeks ago!
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  #635  
Old 03-13-2020, 01:23 PM
Glion Glion is offline
 
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At this rate with 10k you should be able to buy a full cruise ship.
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  #636  
Old 03-13-2020, 01:25 PM
daveyn daveyn is offline
 
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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.
.[/QUOTE]

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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  #637  
Old 03-13-2020, 02:04 PM
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Trochu Trochu is offline
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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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  #638  
Old 03-13-2020, 02:06 PM
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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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  #639  
Old 03-13-2020, 02:30 PM
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Bank of Canada cuts another 50 bps, of course my mtg setup for three years
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  #640  
Old 03-13-2020, 02:37 PM
B-radshaw B-radshaw is offline
 
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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?

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Bank of Canada cuts another 50 bps, of course my mtg setup for three years
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  #641  
Old 03-13-2020, 02:38 PM
fishnguy fishnguy is offline
 
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Originally Posted by Justfishin73 View Post
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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  #642  
Old 03-13-2020, 02:40 PM
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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?
WAIT!!! Youll be able to get under 2% fixed very soon
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  #643  
Old 03-13-2020, 02:42 PM
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Originally Posted by fishnguy View Post
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.
Sure not the time to sell yet, new mtg rates will heat up the market soon enough
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  #644  
Old 03-13-2020, 02:48 PM
raab raab is offline
 
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What the heck did Trump say markets are taking off...
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  #645  
Old 03-13-2020, 02:50 PM
fishnguy fishnguy is offline
 
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Declared emergency a few minutes ago.
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  #646  
Old 03-13-2020, 02:55 PM
raab raab is offline
 
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Declared emergency a few minutes ago.
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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  #647  
Old 03-13-2020, 02:55 PM
fishnguy fishnguy is offline
 
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Originally Posted by Justfishin73 View Post
Sure not the time to sell yet, new mtg rates will heat up the market soon enough
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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  #648  
Old 03-13-2020, 02:56 PM
fishnguy fishnguy is offline
 
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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.
Of course not, but they are reacting to the government finally doing something or appearing to do so.
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  #649  
Old 03-13-2020, 02:57 PM
raab raab is offline
 
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Originally Posted by fishnguy View Post
Of course not, but they are reacting to the government finally doing something or appearing to do so.
Well this will probably bite them in the butt then.
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  #650  
Old 03-13-2020, 02:58 PM
JD848 JD848 is offline
 
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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 03:26 PM.
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  #651  
Old 03-13-2020, 03:00 PM
JB_AOL JB_AOL is offline
 
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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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  #652  
Old 03-13-2020, 03:01 PM
raab raab is offline
 
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Originally Posted by JB_AOL View Post
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)..
See what Monday brings, but just insane recovered all losses from yesterday with no solution to the issue.
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  #653  
Old 03-13-2020, 03:03 PM
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Originally Posted by JD848 View Post
Friday the 13th and best gains yet ,looks like there a pile pouring back in.

JD
Welcome & glad to see your back !!
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  #654  
Old 03-13-2020, 03:07 PM
JD848 JD848 is offline
 
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Originally Posted by raab View Post
See what Monday brings, but just insane recovered all losses from yesterday with no solution to the issue.
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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  #655  
Old 03-13-2020, 03:10 PM
JD848 JD848 is offline
 
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Originally Posted by tri777 View Post
Welcome & glad to see your back !!
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 03:21 PM.
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  #656  
Old 03-13-2020, 03:15 PM
HunterDave HunterDave is offline
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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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  #657  
Old 03-13-2020, 03:24 PM
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Trochu Trochu is offline
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Originally Posted by HunterDave View Post
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.
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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  #658  
Old 03-13-2020, 03:42 PM
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Justfishin73 Justfishin73 is offline
 
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Didn't see that close coming.
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  #659  
Old 03-13-2020, 03:43 PM
fishnguy fishnguy is offline
 
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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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  #660  
Old 03-13-2020, 03:45 PM
fishnguy fishnguy is offline
 
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Originally Posted by Justfishin73 View Post
Didn't see that close coming.
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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