I agree. I was called on a lot of my gold mining shares, and I am keeping most in cash.Perhaps, but there will be better opportunities than the peak of this bear market rally.
I agree. I was called on a lot of my gold mining shares, and I am keeping most in cash.Perhaps, but there will be better opportunities than the peak of this bear market rally.
Right now only my precious metals are making money. Bank stock and everything else I was holding Pre covid 19 is down. But what the f*ck is keeping the price of silver and gold down? Time is going to come when all this government spending is going to require a serious financial market adjustment!I agree. I was called on a lot of my gold mining shares, and I am keeping most in cash.
If there is one airline that will stick around it will be Air Canada, WestJet is pretty safe as well. In the short term all airlines are suffering from a money hemorrhage. They need to feed the machine to keep it alive even when all planes are ildled. In the next 3-6 months I do not think you will see a change in stock price. It will take 24-36 months before you see and substantial increase. The recession that was expected before the covid-19 crisis may hit with enhanced severity from the effects of the crisis. There would even be less spending on air travel. In the mid to long term your money is better in AC.to than earning bank interest.I'm wondering who else bought Air Canada at $11 a couple weeks ago? Stock went from $50 to $10. What do you think is going to happen in 3-6 months when restrictions are lifted? :attention:
On April 17 when I made the first post I was still holding BNS.to, the next Monday I dumped it and it went sideways. Personally, I am expecting the bank stocks to take a hit from the massive amounts of business and personal loan defaults that will smash into them like a tsunami. It would be wise to take a small loss on the bank stocks now. You get to deduct the loss on your gains. When the wall of crap hits the banks, everything is going to get covered with sheiss.Bank stock and everything else I was holding Pre covid 19 is down.
Lol, is it time to get out now? NO ! It was time to get out 8 weeks ago. If you dint beat the crash, you’re screwed.https://www.youtube.com/watch?v=O2EX4qTwP58
I am going to cash, I suspect that what we have seen so far is just the beginning. When the sheiss hits the fan it will not be pleasant. In a few weeks we will see what the true devastation is, the loss of jobs.
There will be a recession, we were already expecting it before the covid-19 crisis. I am expecting 18-24 months of hard time before we even start to climb back up. The reality is that the whole world has been shut down, and that has to have some profound effect on the global economy. The stock markets in the last few weeks have given us a preview of what is to come. We will see a big hit soon, in the next 2-4 months. When it hits it will be too late.
Lol, is it time to get out now? NO ! It was time to get out 8 weeks ago. If you dint beat the crash, you’re screwed.
And no, it’s not time to buy back in yet.
Ok, sorry to sound so negative. If you’re in real estate, sell sell sell. It gonna die.
If this is a bear market rally, as many suspect, then yes now would be a good time to get out, as such a rally would be getting long in the tooth very soon.
Interesting move as i am contemplating the same given the recent bull run. .
Things were starting to slow down before the virus. I started shorting on Thursday and added to my short positions on Friday. I will continue to short into an extended rally. The next leg down will be ugly.
If you have a long-term horizon, would now not be a decent time to buy? The whole dollar-cost averaging thing?
Perhaps, but there will be better opportunities than the peak of this bear market rally.
things don't go straight up or straight down, thus the law of dollar-cost averaging
For someone looking to get into the market now, there is no rush to go long.
For sure the recent lows will be retested, and most likely not hold.
I hope I am wrong, but I doubt it.
I agree. I was called on a lot of my gold mining shares, and I am keeping most in cash.
Right now only my precious metals are making money. Bank stock and everything else I was holding Pre covid 19 is down.
Market timing is based on logic and experience, you can market time but I am not saying you will pinpoint the highs and lows exactly. It is a method, not a guarantee. (See link below )You say a lot of silly things with your ignorant over posting but this is stupid advice. No one can time the market. No one except Ceiling Cat apparently
Take a piece of crap like Bombardier, it has been beaten down to rock bottom and can be had for $0.42 a share. ( it was $5.42 a share in the summer of 2018 )Bombardier has exited the aircraft business and has sold off its train division. It is still a good investment because the Quebec government will not let it fail and will back it up like it has done many times before. Bombardier can easily double in 24-36 months. Even buy and hold on a piece of crap can be a good bet.I'd rather take Warren Buffets advice. Buy and hold good companies.
Buffet was ridiculed for not investing in the tech sector during that boom. Seems like he made the right choice.I have a theory on how Warren Buffet makes his fortune. The truth of the matter is that he does exactly what a lot of people do. Take advantage of opportunities that present themselves, buy low and sell high, and buy and hold depending on the stock. If you invested in Berkshire Hathaway it does go up in time, just as a ETF would. You would make more than in a bank savings account. People buy Berkshire Hathaway stock because they invest cautiously and wisely, this would be a safe place to put your retirement savings. How Warren Buffet makes his billions is the fees he charges for managing the money in the fund. He dollar cost averages with the investors money. He has built a stellar reputation that brings in the investors.
Take a piece of crap like Bombardier, it has been beaten down to rock bottom and can be had for $0.42 a share. ( it was $5.42 a share in the summer of 2018 )Bombardier has exited the aircraft business and has sold off its train division. It is still a good investment because the Quebec government will not let it fail and will back it up like it has done many times before. Bombardier can easily double in 24-36 months. Even buy and hold on a piece of crap can be a good bet.
I agree. I bought a small amount of BMO when it hit bottom, but I have sold again during this fake upswing.On April 17 when I made the first post I was still holding BNS.to, the next Monday I dumped it and it went sideways. Personally, I am expecting the bank stocks to take a hit from the massive amounts of business and personal loan defaults that will smash into them like a tsunami. It would be wise to take a small loss on the bank stocks now. You get to deduct the loss on your gains. When the wall of crap hits the banks, everything is going to get covered with sheiss.
Agreed. I will be lightening up on some of the stocks I picked up last month and going short the SPY. As it stands today this is the second best month of returns in the history of the S&P at 14%. Lots of fed intervention and shorts getting squeezed. No fundamentals to this rally.The downturn March 4 was the covid-19 bottom, the fake upswing is when people saw it was not so bad. The next drop will be the expected recession, enhanced by covid-19, job losses, businesses that will never re-open, businesses that will re-open but are not doing as well as previously. The presidential elections will have an effect on the economy, as well as the looming prospect that covid-19 will return. The whole world is in bad shape.