TSE will collapse today
- Thread starter Radio_Shack
- Start date
yeah, questions is what to buy when all the panic is nearly over. maybe XIU index? Hard to know ..Maybe stay away for another year?? Wish I had crystal ball.
I still think that if you have money, this is a good time to buy since everything is at discount. I'm talking from long term investor point of view. Stick with blue chips and large caps.
Get out of the Stock Market and play the Lotto guys! Less risky and the return on investment is tax free.
Lasttime said:Just wonder how much of this collapse is due to speculators and call options or whatever the hell they are called.
Seems they bet on the market, drain it, then get the f#%@k out as the little guy and his pension fund takes a hit!!!
Ban the buggers, i say!!!
LT
They are called "short" sellers (shorting the market). They buy put options that drive stocks even lower as they go down. It's all panic situation right now. Great time to buy IMHO. Just look at book values of solid companies that took a beating for no reason. You'll do quite well in a very short time.
I totally believe in the contrarian approach.
TSX will collapse today
200 points* = collapse ?
at noon.
Okay, if you say so.
Radio_Shack said:brace yourself..
200 points* = collapse ?
at noon.
Okay, if you say so.
Never has it been more important to have a plan and follow it, emotion has no place in the market
b d
b d
"Shakes his head"
Fear mongering and a little bit of knowledge are a bad combination
If you take a long term view (>5 years), buy quality companies with growing dividends and do not panic, you can and will make money in the stock market.
It should be an important part but not all of your investment plan
Trying to time the market by picking highs or lows will prove to be painful
Sure you may get it correct once, twice, three times, however at some point you will get it wrong & it will be expensive
Fear mongering and a little bit of knowledge are a bad combination
If you take a long term view (>5 years), buy quality companies with growing dividends and do not panic, you can and will make money in the stock market.
It should be an important part but not all of your investment plan
Trying to time the market by picking highs or lows will prove to be painful
Sure you may get it correct once, twice, three times, however at some point you will get it wrong & it will be expensive
pencilneckgeek2 said:
It is by now pretty clear, I think, that the severe downturn in both equities and
precious metals has been caused by the 10,000 hedge funds liquidating
their holdings.
The hedge funds typically enter the market the last hour of trading, when
they know how much they have to liquidate.
I honestly think the market needs a major overhaul.
For eg: I think commodities should be removed from trading altogether. Either that or if you "purchase" x amount of dollars worth of crude, you actually have to take delivery of it at an oil distribution point (coastal unloading station for eg). That will stop ALL the speculation with artifically drives the price up, and down.
As for precious metals as Danmand stated, I think if you buy x amount of gold, you take posession of it. Not some made up fabricated amount on paper in some account somewhere.
I also don't think anyone should be allowed to "buy" or "sell" a loan or mortgage. If a lender loans someone money, they carry the debt until the borrower pays it off. If the lender goes tits up? TFB that's the only one affected by it.
I also don't think banks should be allowed to borrow money, especially from another bank! This kind of reminds me of an old steve martin routine about banks: he says: Hi I'm fred, I have a BANK, got 1500? Ok, bill smith, 1500, white suit, top right hand pocket.....
For eg: I think commodities should be removed from trading altogether. Either that or if you "purchase" x amount of dollars worth of crude, you actually have to take delivery of it at an oil distribution point (coastal unloading station for eg). That will stop ALL the speculation with artifically drives the price up, and down.
As for precious metals as Danmand stated, I think if you buy x amount of gold, you take posession of it. Not some made up fabricated amount on paper in some account somewhere.
I also don't think anyone should be allowed to "buy" or "sell" a loan or mortgage. If a lender loans someone money, they carry the debt until the borrower pays it off. If the lender goes tits up? TFB that's the only one affected by it.
I also don't think banks should be allowed to borrow money, especially from another bank! This kind of reminds me of an old steve martin routine about banks: he says: Hi I'm fred, I have a BANK, got 1500? Ok, bill smith, 1500, white suit, top right hand pocket.....
E
enduser1
The Dow is only down 389 points. You watch it will close up on the day. Dow 36,000 here we come. This is just some temporary volatility. Buy and Hold for the long term.
EU
EU
enduser1 said:
I read that the guy who wrote that book is now a McCain advisor! The old man sure knows how to pick 'em!!
jwm
