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  #161  
Old Posted Aug 1, 2018, 6:28 PM
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people... continue to load up on apple.
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  #162  
Old Posted Aug 9, 2018, 5:07 PM
DAVEinEDMONTON DAVEinEDMONTON is offline
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Using my visa to make some short term market investments as it is cheaper financing at 1% fee and 0% interest over 12 months than using margin or line of credit. Saves about $1,900 over the year.

Funny however, the footnote on my statement where they say how long it will take to pay off your balance paying only the minimum amount. - mine is 418 years and 9 months. I hope I make some money in the market before then to pay it off...
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  #163  
Old Posted Jan 17, 2020, 6:11 AM
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caltrane74 caltrane74 is offline
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Urbandreamer?

Did you get a taste of Tesla? AMD ? GOOG, AMZN APPL? FB? I'm pushing my money in slow, will probably take me a full year before completely invested in tech and gold is my hedge.

I sold my bank holdings in September, So I could have a massive cash pile to sink into US tech. So far my strategy is working.

Sorry.. I own TD Bank, Manulife, RIOCAN.
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  #164  
Old Posted Jan 19, 2020, 2:53 PM
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I'm doing the opposite: moving out of tech into mining and energy stocks.
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  #165  
Old Posted Jan 21, 2020, 2:44 AM
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And think tech has legs until the election. If Trump wins.. i expect more of the same. Just QE5 or 6 or whatever.. and stocks continue to rise as a result.
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  #166  
Old Posted Jan 21, 2020, 2:58 AM
kwoldtimer kwoldtimer is offline
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And think tech has legs until the election. If Trump wins.. i expect more of the same. Just QE5 or 6 or whatever.. and stocks continue to rise as a result.
That may depend on who takes the Senate majority.
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  #167  
Old Posted Feb 27, 2020, 7:41 PM
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Anyone buying?
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  #168  
Old Posted Feb 27, 2020, 7:44 PM
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Anyone buying?
Only tissues and Tums.
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  #169  
Old Posted Feb 27, 2020, 9:12 PM
WarrenC12 WarrenC12 is offline
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Anyone buying?
Not since the TSX was halted on a "technical issue".

Bloodbath is underway, but buying opportunities will be there for sure. Just hold off this week at least IMO.
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  #170  
Old Posted Feb 29, 2020, 2:53 AM
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With #TrumpCrash and #StockMarketCrash2020 now trending on twitter I believe we'll see a big rally next week.
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  #171  
Old Posted Mar 2, 2020, 7:45 PM
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Discussions of a coordinated central bank response between the G7 similar to 2011.
Rate cut is expected this week. 0.25 is expected but 0.5 is being floated. The Canadian economy was already slowing before these two incidents.

Quote:
Holt has not ruled out the central bank opting for a cut of 50 basis points rather than the more common 25 basis points.

Canada runs a current account deficit and is a major exporter of commodities, including oil, so a slowdown in the global flow of trade or capital could hurt. Oil prices have fallen about 30% from their January peak.

The concern for the Bank of Canada “is that between the direct effects of coronavirus on travel restrictions and consumer caution, there’s this added concern that this downturn in the markets could weaken confidence more broadly,” said Doug Porter, chief economist at BMO Capital Markets.

Canada’s economic growth slowed to an annualized rate of 0.3% in the fourth quarter, the worst performance in almost four years, data showed last week, while railroad line blockades in recent weeks could weigh on the current quarter.

“The Canadian economy was barely growing in the last quarter of 2019, so we’re putting a shock into the global economy at a time when Canada desperately was looking for momentum,” said Avery Shenfeld, chief economist at CIBC Capital Markets. (Reporting by Fergal Smith in Toronto, additional reporting by Steve Scherer and David Ljunggren in Ottawa; editing by Steve Scherer and Dan Grebler)
https://business.financialpost.com/p...spooks-markets
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  #172  
Old Posted Mar 2, 2020, 9:52 PM
Truenorth00 Truenorth00 is offline
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This virus couldn't have come at a better time. Gives all of the central banks a great excuse.
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  #173  
Old Posted Mar 2, 2020, 9:53 PM
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Originally Posted by urbandreamer View Post
With #TrumpCrash and #StockMarketCrash2020 now trending on twitter I believe we'll see a big rally next week.
Dow spiking 5% today, you're on the money!

Despite multiple new COVID-19 deaths in the US today.
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  #174  
Old Posted Mar 2, 2020, 10:23 PM
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Dow spiking 5% today, you're on the money!

Despite multiple new COVID-19 deaths in the US today.
The market is back to Wednesday/Thursday. LOL. It's pretty ridiculous. The market is basically not pricing any impact from covid19. I expect the rally will continue through the fed intervention (expected on Wednesday morning). And then as numbers start piling up we'll see the turn.

The layoffs and furloughs haven't even rally begun in earnest. It takes a month for a ship to get from Asia to North America. The supply disruptions are just kicking in:

https://hbr.org/2020/02/how-coronavi...n-by-mid-march
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  #175  
Old Posted Mar 2, 2020, 10:30 PM
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The market is back to Wednesday/Thursday. LOL. It's pretty ridiculous. The market is basically not pricing any impact from covid19. I expect the rally will continue through the fed intervention (expected on Wednesday morning). And then as numbers start piling up we'll see the turn.

The layoffs and furloughs haven't even rally begun in earnest. It takes a month for a ship to get from Asia to North America. The supply disruptions are just kicking in:

https://hbr.org/2020/02/how-coronavi...n-by-mid-march
Still way off from its peak but yeah glad things are recovering somewhat. I think people panicked and now calmer heads are prevailing and with interest rate cuts forecast stocks are coming back.

The virus is going to hit the world economy hard, I don't like what I'm hearing in Europe and the Middle East. If this virus hits SA (where things are already pretty bad and healthcare is non-existent) then that's going to suck.

However, unlike other situations employment is still strong and this virus isn't "deadly" to our working population. Fear is running wild.

A coordinated effort by the G7 to cut rates and encourage investment is needed and signs are it will happen. Likely a bunch of debt funded spending coming.
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  #176  
Old Posted Mar 2, 2020, 11:08 PM
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Originally Posted by Truenorth00 View Post
The market is back to Wednesday/Thursday. LOL. It's pretty ridiculous. The market is basically not pricing any impact from covid19. I expect the rally will continue through the fed intervention (expected on Wednesday morning). And then as numbers start piling up we'll see the turn.

The layoffs and furloughs haven't even rally begun in earnest. It takes a month for a ship to get from Asia to North America. The supply disruptions are just kicking in:

https://hbr.org/2020/02/how-coronavi...n-by-mid-march
I think it could very well be a "dead cat bounce". The market was overvalued, and we're in an extremely long bull market that was looking for an excuse IMO.

It would be nice to see this blow up in Trump's face during an election year.

COVID-19 will have a huge impact on earnings in the coming quarters. Even if it's mostly due to some of the knee-jerk overreactions we've already seen.
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  #177  
Old Posted Mar 2, 2020, 11:14 PM
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I think it could very well be a "dead cat bounce". The market was overvalued, and we're in an extremely long bull market that was looking for an excuse IMO.

It would be nice to see this blow up in Trump's face during an election year.

COVID-19 will have a huge impact on earnings in the coming quarters. Even if it's mostly due to some of the knee-jerk overreactions we've already seen.
The problem with America is that everyone invests in stocks (over 50%!) and Trump is seen as good for the stock market. Even unions are invested in it. Since being elected more are buying stocks, not less. There have been huge gains since his election and he's been careful to always push for lower rates and more spending. Even if you hate Trump, most people will not vote to lose money. That's why I feel that Trump will likely be re-elected, people are too scared about a large drop should a Democrat be elected.

The virus is a shock, but the people will likely not blame Trump for it. Unless the Democrats can come up with a candidate that will be just as good for the stock market, or less Americans invest in stocks, Trump will not lose the election. Its a giant Ponzi scheme that everyone is voting to keep up.

Just like gun owners and religious believers whether republican or democrat feeling will generally vote for Trump because they want to keep their guns and religion. The Republicans have been smart in locking down certain special interest segments that will vote for someone they don't believe it just because they know their special interests will be protected.

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  #178  
Old Posted Mar 2, 2020, 11:17 PM
WarrenC12 WarrenC12 is offline
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The problem with America is that everyone invests in stocks (over 50%!) and Trump is seen as good for the stock market. Even unions are invested in it. There have been huge gains since his election and he's been careful to always push for lower rates and more spending. Even if you hate Trump, most people will not vote to lose money. That's why I feel that Trump will likely be re-elected, people are too scared about a large drop should a Democrat be elected.

The virus is a shock, but the people will likely not blame Trump for it. Unless the Democrats can come up with a candidate that will be just as good for the stock market, or less Americans invest in stocks, Trump will not lose the election. Its a giant Ponzi scheme that everyone is voting to keep up.
I'm going to need some stats to back that up.

As for Trump, yes, he's trying to run the US like a bankrupt casino of his. Borrow to the hilt, stiff your debtors, distract and point at the market, hope to make some money.

When the market tanks, people will lose jobs. That's when it gets real.

A lefty democrat like Bernie getting elected will boost their economy in a big way, if his plans actually come to fruition. Taxing the wealthy and giving it to the poor means all of that money enters the system immediately.
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  #179  
Old Posted Mar 2, 2020, 11:22 PM
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I'm going to need some stats to back that up.

As for Trump, yes, he's trying to run the US like a bankrupt casino of his. Borrow to the hilt, stiff your debtors, distract and point at the market, hope to make some money.

When the market tanks, people will lose jobs. That's when it gets real.

A lefty democrat like Bernie getting elected will boost their economy in a big way, if his plans actually come to fruition. Taxing the wealthy and giving it to the poor means all of that money enters the system immediately.
Personally feel like high taxes on the wealthy are short-term just like borrowing. In the end you kill the chicken for its meat while foregoing the eggs. You generally see this trend in high tax states in America. You can get away with moderate taxes but once you raise them to high enough that the rich are mad, they will leave or seek to avoid them. There are nations with high taxes that are successful, but there are also a lot more that are unsuccessful. Look at how successful Chile & Uruguay have been compared to other SA nations despite their ultra low rates. I would say we focus too much on taxes rather than good goverance.



https://www.zerohedge.com/personal-f...leave-new-york



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  #180  
Old Posted Mar 2, 2020, 11:37 PM
WarrenC12 WarrenC12 is offline
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Personally feel like high taxes on the wealthy are short-term just like borrowing. In the end you kill the chicken for its meat while foregoing the eggs. You generally see this trend in high tax states in America. You can get away with moderate taxes but once you raise them to high enough that the rich are mad, they will leave or seek to avoid them.
California has significantly higher taxes and GDP per capita than the US as a whole.

Good thing we have real live examples to show what happens under different philosophies.

Give this a read:

https://www.latimes.com/opinion/op-e...622-story.html
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