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03-26-2020, 03:01 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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Looked like mostly buying volume, not a ton of selling
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03-26-2020, 06:33 PM
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Join Date: Jul 2014
Posts: 1,930
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Going to see record lows yet?
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03-26-2020, 06:37 PM
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03-26-2020, 06:42 PM
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Join Date: Nov 2008
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Quote:
Originally Posted by pitw
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Meh, if they turn from millionaires to not millionaires over this they were never ultra rich. Doesn't take much to be a millionaire now a days. Another fluff article.
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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
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03-26-2020, 08:18 PM
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Join Date: Sep 2007
Location: Strathcona County
Posts: 1,902
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Quote:
Originally Posted by pikergolf
Meh, if they turn from millionaires to not millionaires over this they were never ultra rich. Doesn't take much to be a millionaire now a days. Another fluff article.
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A bunch of homeowners trying to save enough for retirement.
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03-26-2020, 08:37 PM
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03-26-2020, 09:11 PM
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I been wrong before but I see a big sell off. Either big players in the game running things up for themselves or lotsa little guys jumping in but I wouldn't think, with so much uncertainty, that the average Joe is pushing the market. Tough to post a profit for alot of companies. Especially when your doors are closed. I'm really paying attention now because I can't figure it out. Very interesting times indeed.
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03-26-2020, 09:36 PM
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Moderator
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Join Date: Aug 2012
Location: Wheatland County
Posts: 5,766
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Money has to stay in equities if any real growth is wanted. Fixed income is unworkable given interest rates. The market is a lot cheaper than it was, & some of the early flight to cash is ready to be re-deployed, IMO
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If you're not a Liberal when you're young, you have no heart. If you're not a Conservative when you're old, you have no brain. Winston Churchill
You can, you should, & if you're brave enough to start, you will. Stephen King
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03-27-2020, 06:40 AM
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Join Date: Sep 2011
Location: Edmonton
Posts: 317
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Quote:
Originally Posted by pikeman06
I been wrong before but I see a big sell off. Either big players in the game running things up for themselves or lotsa little guys jumping in but I wouldn't think, with so much uncertainty, that the average Joe is pushing the market. Tough to post a profit for alot of companies. Especially when your doors are closed. I'm really paying attention now because I can't figure it out. Very interesting times indeed.
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Yeah I’m confused as well. Maybe I missed the boat, but nearest I can guess is a lot of money had 18,500 as the target and deployed. Unless the market has perceived the end or good news that I can’t see.
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03-27-2020, 06:53 AM
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Join Date: Mar 2020
Location: Leduc County
Posts: 1,079
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Quote:
Originally Posted by ehrgeiz
Yeah I’m confused as well. Maybe I missed the boat, but nearest I can guess is a lot of money had 18,500 as the target and deployed. Unless the market has perceived the end or good news that I can’t see.
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Many people are confused by the last three days. I’ve posted before that I’m not touching anything in this market and probably waiting till June or so. Got to remember the US is in a total economic collapse. Put it on ignore for a while. Be patient
One thing that is going to happen when all this is done. Any kind of a sickness threat in Asia you will see people dumping stock. Markets will never be the same
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The secret of getting ahead is getting started.Mark Twain 
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03-27-2020, 07:05 AM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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After a week like this, will be profit taking today for sure. Have a feeling we will see good volume buying towards end of the day like yesterday though.
I see BOC lowered rates another 50 bps overnight too
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Last edited by Justfishin73; 03-27-2020 at 07:25 AM.
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03-27-2020, 07:34 AM
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Join Date: Jun 2011
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Earnings are going in the crap hole fast. Lots of analysts are seeing SP500 earning dropping at least 30% over the next few months. That's going to put the fair value of the SP500 well below 2000, maybe down to 1500 depending on the multiple investors decide to put on those earnings.
Looking back at the Great Depression the market dropped 40ish percent, rallied up 20ish percent and then continued to fall for another couple years for a total loss of 86% from the top. It didn't return to even after that for many years. That's a worst case scenario I guess.
But who knows. Trump figures the churches will be full by Easter Sunday and the FED is pumping trillions.
As morbid as it seems I don't see a bottom until the death toll starts to level off in the West.
Good luck.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-27-2020, 08:15 AM
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Join Date: Jun 2011
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https://deadline.com/2020/03/china-o...de-1202894103/
This should do lots to calm markets. China virus part two.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-27-2020, 08:44 AM
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Join Date: May 2010
Location: edmonton
Posts: 3,898
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Quote:
Originally Posted by bdub
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Would be a cautious move, they should have banned gathering of people like it’s it here cause. With their population stuff can turned for the worst very very fast.
As for the market the fall out will be coming , once people realized trump is incapable of handling the situation, like what happening in New York will spread to other majors city’s , the hospital will be overwhelming and people will start to panic again . Then there will be real blood on the streets .
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03-27-2020, 08:52 AM
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Join Date: Oct 2008
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Now what we are seeing is WILLFUL destruction of our
capital market system as we know it. Dropping interest rates to near Zero, talk of Negative interest rates, handing out Trillions of dollars for basically free......
At some point the economy and markets have to run themselves without announcements and handouts every other day on both sides of the border. Scary times indeed!
Trump and Covid-19 well its save the people or the markets....
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03-27-2020, 10:27 AM
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Join Date: Jun 2011
Posts: 3,713
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Quote:
Originally Posted by Justfishin73
Sure hope its physical gold , I wouldn't trust anything else at this point.
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Yeah, agreed. I wouldn't come close to anything that's based on derivatives here.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-27-2020, 12:01 PM
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Join Date: Apr 2008
Location: East of the big smoke
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Quote:
Originally Posted by Jigsalot
Many people are confused by the last three days. I’ve posted before that I’m not touching anything in this market and probably waiting till June or so. Got to remember the US is in a total economic collapse. Put it on ignore for a while. Be patient
One thing that is going to happen when all this is done. Any kind of a sickness threat in Asia you will see people dumping stock. Markets will never be the same
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X2
If you can predict this market you are too smart to be talking about it on forums. Be patient unless its money you can spare, then gamble away.
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03-28-2020, 03:22 PM
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Join Date: Jan 2018
Location: West Central Alberta/Costa Rica
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Nick Murray
Anybody here read Nick Murray's books or follow him?
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03-30-2020, 06:29 AM
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Join Date: Jan 2018
Location: West Central Alberta/Costa Rica
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This is going to be a wild ride week!!!
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03-30-2020, 08:16 AM
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Join Date: May 2010
Location: edmonton
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Depend of what happening with covid19 in the USA..
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03-30-2020, 08:20 AM
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Join Date: Jan 2018
Location: West Central Alberta/Costa Rica
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WCS heavy- $3.90
Cnd light sweet $8.70
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03-30-2020, 10:27 AM
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Join Date: Sep 2012
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oil
Jim, looks like the oil market in Alberta is dead. Might as well turn off the pumps, shut the lights have boys go home and physical distance. Turn things on in few months when Covid-19 settles down.
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03-30-2020, 10:54 AM
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Join Date: Oct 2016
Location: Edmonton area
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Looks like oil will be the only thing anybody will be able to afford to give for Christmas........... 
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03-30-2020, 11:30 AM
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Join Date: Jun 2011
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Pretty crazy oil prices. Wonder when all the storage is going to be pinned.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-30-2020, 11:40 AM
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Join Date: Dec 2008
Location: Camrose
Posts: 45,725
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Quote:
Originally Posted by Big Grey Wolf
Jim, looks like the oil market in Alberta is dead. Might as well turn off the pumps, shut the lights have boys go home and physical distance. Turn things on in few months when Covid-19 settles down.
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Except shutting down the oilsands plants is a lot more involved that just turning off a switch. And starting them up is usually even more involved.
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Only accurate guns are interesting.
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03-30-2020, 11:45 AM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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Quote:
Originally Posted by bdub
Pretty crazy oil prices. Wonder when all the storage is going to be pinned.
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That's what I don't get, orders for storage tanks being cancelled left and right at work
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03-30-2020, 11:56 AM
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Join Date: Jun 2011
Posts: 3,713
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Quote:
Originally Posted by Justfishin73
That's what I don't get, orders for storage tanks being cancelled left and right at work
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I think with all the stuff getting shut in over the last few years companies are just shuffling existing 400 BBL etc tanks around in their fields. Probably thousands of empty 400's sitting around in the bush by now. It's going to be rough, lots of companies are going to go under if this lasts very long.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-30-2020, 12:50 PM
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Join Date: Mar 2008
Location: Caroline
Posts: 7,404
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Quote:
Originally Posted by Justfishin73
That's what I don't get, orders for storage tanks being cancelled left and right at work
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How big are these tanks?
We're actually buying more oil this month while it's low.
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Two reasons you may think CO2 is a pollutant
1.You weren't paying attention in grade 5
2. You're stupid
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03-30-2020, 01:40 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,898
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interpipeline is making some cuts to dividend and pay cuts, the cost of transport/storage is more then the product it self .
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