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Big 6 Banks Downgraded

onceaday

New member
Sep 28, 2015
348
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Perhaps, however I took profits and exited long positions the banks yesterday in anticipation of a re-buy after the dust settles. G/L
 

SkyRider

Banned
Mar 31, 2009
17,572
2
0
Terence Corcoran had a column in yesterday's National Post on how the short sellers and OSC almost or maybe actually killed Home Trust. The short seller he named is Marc Cohodes in the U.S. and the jerk at the OSC is Jeff Kehoe.

Home Trust is currently trading a bit north of $10 this morning. Maybe the worse is over.
 

BlessTheBottle

New member
Apr 20, 2017
3
0
1
Toronto
Get your money out of banks and into US tech. Canada is NOT the market you should be invested in currently. I own very few equities in Canada atm (mainly weed stocks and BMO ETFs).
 

JohnLarue

Well-known member
Jan 19, 2005
16,156
2,147
113
Get your money out of banks and into US tech. Canada is NOT the market you should be invested in currently. I own very few equities in Canada atm (mainly weed stocks and BMO ETFs).
one could make a very sound argument week stocks are NOT the market you should be invested in currently.
What is the risk of a non dividend paying , negative cash flow weed stock whos market, profit margins and operating enviorment is still to be defined vs a risk of one of the bank stocks with a long history of increasing their dividend?
 

onthebottom

Never Been Justly Banned
Jan 10, 2002
40,558
23
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Hooterville
www.scubadiving.com
This is the problem....

Canadian household debt climbed to a record relative to disposable income in the fourth quarter, another sign of strain from a long housing boom. Credit-market debt such as mortgages increased to 167.3 percent of after-tax income in the October-to-December period from 166.8 percent in the prior three months
 

JohnLarue

Well-known member
Jan 19, 2005
16,156
2,147
113
This is the problem....

Canadian household debt climbed to a record relative to disposable income in the fourth quarter, another sign of strain from a long housing boom. Credit-market debt such as mortgages increased to 167.3 percent of after-tax income in the October-to-December period from 166.8 percent in the prior three months
No argument with that info
However when comparing the risks Cdn banks to weed investments one is looking at a very different set of risks
 
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