Stock crash or just a correction
- Thread starter jalimon
- Start date
I would love a situation like in 2013 (or 2012 can't remember) when cdn went over the US dollar for a few months. I bet it wouldn't last too long and surely made a quick 10k just swapping money between my US vs CDN account... Could have made a lot more if I had truly believed in myself
lol that was a good time indeedI would love a situation like in 2013 (or 2012 can't remember) when cdn went over the US dollar for a few months. I bet it wouldn't last too long and surely made a quick 10k just swapping money between my US vs CDN account... Could have made a lot more if I had truly believed in myself
No. The last time we saw rates like that there were a fuck ton of baby boomers around the world competing for loans and mortgages for their first cars and homes. Once the boomers had their homes by late 80’s, rates came back down.
So, unless there is massive demand…
and if rates spiked to those levels in a short period of time you'd see a lot of bankruptcies.
never say never, but not a chance in the near or medium term.
That was when the CAD was a petro currency. We no longer produce oil.
Sure, we do, and relatively high prices may allow Alberta to balance its books:
Varcoe: As oil prices soar, balanced books could happen in next month's Alberta budget
Here’s something that seemed unfathomable just a few months ago: Alberta could balance its budget books sooner than anyone had expected.
calgaryherald.com
it was 2008. We went to 1.10 USD for an afternoonI would love a situation like in 2013 (or 2012 can't remember) when cdn went over the US dollar for a few months. I bet it wouldn't last too long and surely made a quick 10k just swapping money between my US vs CDN account... Could have made a lot more if I had truly believed in myself
Yeah. It never seems to last long. I believe it passed par briefly in 1976 and 1974 also. Strong commodity prices in the seventies.
I think it has potential for more correction. I can see SPY hitting 350 and then correcting back up around March 20th timeframe. 400 looks like a good support level.
I think it might go something like this.
Not financial advice just speculation.
I think it might go something like this.
Not financial advice just speculation.
since you're into crypto and TA, follow this dude ...this guy is legit and isn't one of those stupid moon boys because , unlike them, this guy doesn't care since he trades in a bear market (everyone is a genius in a bull market)
Elliot wave theory isn't a walk in the park and a must IMO if you're into short term trading
By my observations, we are in the midst of a correction at this time. Many good quality companies are at a one year low and going lower. The slow motion devaluation of the market is the best case scenario. If we are over the pandemic by this summer it will take years before we get recover. My guess is that it will be a slow five years at least.
Just a few quality companies at a one year low. ( Maybe even going lower )
Linamar Corporation (LNR.TO)
BRP Inc. (DOO.TO)
Stella-Jones Inc. (SJ.TO)
Magna International Inc. (MG.TO)
Martinrea International Inc. (MRE.TO)
Westport Fuel Systems Inc. (WPRT.TO)
The Valens Company Inc. (VLNS.TO)
Burcon NutraScience Corporation (BU.TO)
Restaurant Brands International Inc. (QSR.TO)
Open Text Corporation (OTEX.TO)
Bausch Health Companies Inc. (BHC.TO)
CCL Industries Inc. (CCL-B.TO)
Just a few quality companies at a one year low. ( Maybe even going lower )
Linamar Corporation (LNR.TO)
BRP Inc. (DOO.TO)
Stella-Jones Inc. (SJ.TO)
Magna International Inc. (MG.TO)
Martinrea International Inc. (MRE.TO)
Westport Fuel Systems Inc. (WPRT.TO)
The Valens Company Inc. (VLNS.TO)
Burcon NutraScience Corporation (BU.TO)
Restaurant Brands International Inc. (QSR.TO)
Open Text Corporation (OTEX.TO)
Bausch Health Companies Inc. (BHC.TO)
CCL Industries Inc. (CCL-B.TO)
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