Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this11:22 am
May 25, 2017
Offline
Hi everyone, thought I start a new topic to get everyone’s views in this forum.
Trump’nomics, excessive debt, lack of any global fiscal prudence, politics taking precedence over economic stability, etc... The world looks like it’s heading in chaos and markets world over are melting! Are we heading towards another recession ???
11:36 am
December 17, 2016
Offline
From the National Post -
The ‘Trudeau Effect’ dragging down Canada’s stock markets just got much, much worse
1:05 pm
October 29, 2017
Offline
I figured it was time to sell my stocks back in the spring. The signing of the USMCA has most likely delayed the meltdown, but the massive correction is coming. The markets are seriously over valued and debt is just nasty.
The Great Recession brought out stimulus packages, ultra low interest rates and the TFSA. The combination of these created a "fake economy" and the natural redistribution and normalizing effects did not occur.
Not only is a 40% correction in the market coming, but the next "recession" will be bigger than the last and may even rival the Great Depression.
3:57 pm
May 25, 2017
Offline
Vatox said
I figured it was time to sell my stocks back in the spring. The singing of the USMCA has most likely delayed the meltdown, but the massive correction is coming. The markets are seriously over valued and debt is just nasty.
The Great Recession brought out stimulus packages, ultra low interest rates and the TFSA. The combination of these created a "fake economy" and the natural redistribution and normalizing effects did not occur.
Not only is a 40% correction in the market coming, but the next "recession" will be bigger than the last and may even rival the Great Depression.
Do you believe interest rates will go up or down in your given scenario?
4:56 pm
January 3, 2013
Offline
My experience in the stock market cost me a loss of $20K in the past. The most stupid thing I've done in my life. Since then I haven't played with fire.
The only non-registered saving I have is with Tangerine in TFSA. I was up just till last week by about 4%. Now I am down by 2%. I will keep contributing weekly to this account and see how it goes.
I don't believe any 40% correction will happen in Canadian market and I don't even consider this Canadian Market a bull Market. TSX barely crossed the 16000 points. Every time it crosses a bit, it loses all the gains and goes down to 15000 or even lower then bounces back. It seems TSX is stuck and can't go past 16000 points.
My prediction, we are seeing a scenario similar to March 2018. Drop of TSX to 15000 before bouncing back. BSE close to 32000, DAX already at the point it was back in March, DOW will test 24000 and so on. The same scenario will repeat itself.
We shall see. Whatever happens, I hope the smaller financial inst we are dealing with don't go bankrupt and we chasing the government or whoever insured our money to return it. 🙂
6:31 pm
October 29, 2017
Offline
_Amit said
Do you believe interest rates will go up or down in your given scenario?
Interest rates need to continue rising, it will just be slow. If something triggers a crisis, then it's back down we go. But with high debt loads, the consumer is tapped out, so the crazy government policies to stimulate and grow the economy, will be its downfall. I say slow interest rate increases is the only way to change consumer debt habits and to normalize the economy. This will be the test for policy makers. Can government and consumers lower their standard of living, live within revenues and means, and be content with it.
9:06 pm
December 4, 2016
Offline
They've been speaking about this for a long time. Sort of like the bubble in Vancouver's housing market. Built mostly on foreign investors.
Will there be a 40% correction in the future, yes.
Is it 10 years away or 100 years away or tomorrow is anyone’s guess. That is why many don’t gamble on stocks.
If you go to a casino you got low odds of improving.
Stocks are just highly regulated casinos. Which increases the odds of success but doesn't protect them from failure. Which means no guarantee and small safety nets if everything goes sour.
I rather be up 1000 consistently. Than up 6,000, down 5,000, up 2,000, down 1000, up 4,000 and down 3,000. At least I know where I stand and that has value. Not just monetary value. I can plan when I know how much I really have. I can’t plan with money that is in a place that is variable. That is why people get paid higher returns or else no one would do it.
I will forgo higher returns just so I can make plans and promises and keep them.
That has value.
9:10 pm
January 3, 2013
Offline
@User230 - That's the lesson I learned since I lost while trying to beat the market on my first days of being young and stupid 🙂
9:34 pm
February 20, 2018
Offline
The arrogance of the stock market elites.
5:33 am
December 17, 2016
Offline
User230 said
Stocks are just highly regulated casinos. Which increases the odds of success but doesn't protect them from failure. Which means no guarantee and small safety nets if everything goes sour.
WOW ... now the stock market is being compared to a casino. The folks who hold quality, dividend bearing stocks are sleeping comfortably. THOSE looking for the quick roll purchased accordingly and now see the err of their ways.
Obviously, investing isn't for everyone.
9:15 am
February 18, 2016
Offline
Sit tight. Enjoy the weather before winter. Have 50% of your worth in GIC. Stock market is driven by crooks. 'High quality stock'? What is that? Banks? They lose as everybody else. In a year or two all your loses will be recovered AND you will have extra $ through 'high quality stock' dividend.
8:01 am
September 11, 2013
Offline
Just reading these posts, funny how everybody has a different idea of what is and what isn't risky. To me, in a time of a Western world with unable-to-ever-be-repaid debt (at all levels, from individuals to our largest institutions) there's a real risk at some moment in time of financial contagion bringing down many financial institutions (and thus overwhelming any "insurance" backstops) and so one of the last places I want to be is in GICs where I'm locked, I can't even get at my money or liquidate, maybe for years. Or what if govt's are forced to print money and hyperinflation, or devaluation of currency, both of which can come quickly, visits us? Same risk re GICs. But that's just me, so as I said, everybody has their own notion of what's risky, best just follow your own inclination.
Please write your comments in the forum.