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The bad economic news has begun, and there is more coming. Much more.

Ceiling Cat

Well-known member
Feb 25, 2009
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The majority of stocks are down this morning pre-noon. The sputtering has begun. I expect stocks to go lower to pre March 4 levels and then even lower. Do not be fooled by fake rallys. The beginning of the end will take several months to play out. In the Great Recession of 2008 it took 14 months for the market to hit bottom, and 18 months to get back to pre recession levels. The Canadian market is closely tied to the American market, we move in tandem with the American markets. Oil must recover as well but my suspicions are that the Arabs and Russia are keeping oil low to kill off the frackers.
 

bluecolt

Well-known member
Jun 18, 2011
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I don't think anyone disagrees that a large economic downturn is upon us, and I don't think anyone expects it will improve quickly, or soon. But the recession isn't affecting everything equally, and it seems pretty clear by now which stocks are hurting, and which ones are booming. Maybe the upswing is because the market has mostly priced all that in already?

If not, which sectors specifically do you think are heavily overvalued, and why? I'm an amateur at this so guidance is appreciated. :)
Don't listen to anyone on this site for economic news or predictions. Most of the predictions and proclamations of doom and destruction are worth squat.

Who, in their right mind, would go to an escort review website for money questions or predictions?
 

Ceiling Cat

Well-known member
Feb 25, 2009
28,189
1,103
113
Don't listen to anyone on this site for economic news or predictions. Most of the predictions and proclamations of doom and destruction are worth squat.

Who, in their right mind, would go to an escort review website for money questions or predictions?
Even an economist or financial expert can not tell you the future, even the people that make economic decisions for the USA and Canada can not tell you the future. To listen is not to take the advice, in the end you have to choose your own way. Some opinions are valid and some are guesses, the final choice is up to you. The alternative is to do nothing and be taken in the direction of the currents that will sweep you along. Some people will take precautions and be better off in doing so.

The covid-19 epidemic and the coming economic downturn will have long term effects on us for years to come. The choices you make today can make a big difference in your financial future.
 

nottyboi

Well-known member
May 14, 2008
22,447
1,325
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Even an economist or financial expert can not tell you the future, even the people that make economic decisions for the USA and Canada can not tell you the future. To listen is not to take the advice, in the end you have to choose your own way. Some opinions are valid and some are guesses, the final choice is up to you. The alternative is to do nothing and be taken in the direction of the currents that will sweep you along. Some people will take precautions and be better off in doing so.

The covid-19 epidemic and the coming economic downturn will have long term effects on us for years to come. The choices you make today can make a big difference in your financial future.
While I agree there is quite a bit of bad economic news in the near term, bankruptices, job losses etc etc, I 110% believe we are headed to a much better place and reality then we left behind. The rebirth is gonna be AMAZING!! ...but there is 12-18 months of turbulence ahead.
 

Ceiling Cat

Well-known member
Feb 25, 2009
28,189
1,103
113
No one knows the future, but I am going to take every precaution. I think the lock down will cause an economic event that will be the worse one in the time that anyone alive on this planet will have ever seen. There is only so much economic stimulus and CERB the governments can put out. If the recession is not as bad as I am predicting than we are in for at least 2-3 lean years before it starts to get better. In the worse case sceanario we can be hit with 2-3 more waves of covid-19 and then this world will be in a depression that will make the Great Depression of 1929 look like a picnic.
 
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