TSE will collapse today
- Thread starter Radio_Shack
- Start date
this monday may be the monday that wasn't last week. lol...
geez- our north american markets haven't performed so bad compared to others: (ie, greater than 50% less than 1yr ago overseas to about 20-30% less than 1yr ago on our major markets...)
FTSE - was at 6700 1 year ago, currently at 3800
NIKKEI 224 - was at 16,600 1 year ago, currently at 7,000.
TSX - 14,000 1 year ago, now 9,200.
Dow- 13,700 1 yr ago, now 8,400.
S&P- 1500 1yr ago, now 900
NASDAQ- 2600 1yr ago, now 1600
and now, as much expected--- it is hitting Dubai- very hard!
http://www.reportonbusiness.com/ser...usiness/?page=rss&id=RTGAM.20081026.wgulf1026
I still expect to see TSX @ 6000.
geez- our north american markets haven't performed so bad compared to others: (ie, greater than 50% less than 1yr ago overseas to about 20-30% less than 1yr ago on our major markets...)
FTSE - was at 6700 1 year ago, currently at 3800
NIKKEI 224 - was at 16,600 1 year ago, currently at 7,000.
TSX - 14,000 1 year ago, now 9,200.
Dow- 13,700 1 yr ago, now 8,400.
S&P- 1500 1yr ago, now 900
NASDAQ- 2600 1yr ago, now 1600
and now, as much expected--- it is hitting Dubai- very hard!
http://www.reportonbusiness.com/ser...usiness/?page=rss&id=RTGAM.20081026.wgulf1026
I'm not buying under these current situations. People are still trying to get their money out. I'm glad I did so back in August as I had a substantial sum at risk. So, I left the market down 16% since January 1st. I didn't like the idea of exiting the market 100%, but as each week went by in September, I felt I was doing the right thing, now October I felt 'lucky' as I did not believe that so much carnage was to occur. Now, we enter November and tax loss season- a time when I usually buy-- but probably not much this year. I'll buy, but I'm not putting 8 figures into the market anytime soon. I'll probably not commit more than $2000 to any 1 given stock on any purchase before January.... instead, buy a few handfuls of smart, dividend paying value stocks that can weather a lengthy depression. I'm gonna keep my investment contributions to under $40k, so probably not more than 20 stocks. the rest of my liquidated cash portfolio is sitting in various cash instruments from ING, PC financial, T-bills, etc... I am no financial expert and am currently retired. Preservation of capital is more important to me right now. If I had not liquidated my portfolio in August, a 22 million dollar portfolio in July would be worth $15 million today. That's an expensive and very scary 2 months!stang said:
I still expect to see TSX @ 6000.
Maybe someone will record a new version of this song. It might become all to relevent to the situation! 
jwm
"Brother, Can You Spare a Dime," lyrics by Yip Harburg, music by Jay Gorney (1931)
They used to tell me I was building a dream, and so I followed the mob,
When there was earth to plow, or guns to bear, I was always there right on the job.
They used to tell me I was building a dream, with peace and glory ahead,
Why should I be standing in line, just waiting for bread?
Once I built a railroad, I made it run, made it race against time.
Once I built a railroad; now it's done. Brother, can you spare a dime?
Once I built a tower, up to the sun, brick, and rivet, and lime;
Once I built a tower, now it's done. Brother, can you spare a dime?
Once in khaki suits, gee we looked swell,
Full of that Yankee Doodly Dum,
Half a million boots went slogging through Hell,
And I was the kid with the drum!
Say, don't you remember, they called me Al; it was Al all the time.
Why don't you remember, I'm your pal? Buddy, can you spare a dime?
Once in khaki suits, gee we looked swell,
Full of that Yankee Doodly Dum,
Half a million boots went slogging through Hell,
And I was the kid with the drum!
Say, don't you remember, they called me Al; it was Al all the time.
Say, don't you remember, I'm your pal? Buddy, can you spare a dime?
jwm
"Brother, Can You Spare a Dime," lyrics by Yip Harburg, music by Jay Gorney (1931)
They used to tell me I was building a dream, and so I followed the mob,
When there was earth to plow, or guns to bear, I was always there right on the job.
They used to tell me I was building a dream, with peace and glory ahead,
Why should I be standing in line, just waiting for bread?
Once I built a railroad, I made it run, made it race against time.
Once I built a railroad; now it's done. Brother, can you spare a dime?
Once I built a tower, up to the sun, brick, and rivet, and lime;
Once I built a tower, now it's done. Brother, can you spare a dime?
Once in khaki suits, gee we looked swell,
Full of that Yankee Doodly Dum,
Half a million boots went slogging through Hell,
And I was the kid with the drum!
Say, don't you remember, they called me Al; it was Al all the time.
Why don't you remember, I'm your pal? Buddy, can you spare a dime?
Once in khaki suits, gee we looked swell,
Full of that Yankee Doodly Dum,
Half a million boots went slogging through Hell,
And I was the kid with the drum!
Say, don't you remember, they called me Al; it was Al all the time.
Say, don't you remember, I'm your pal? Buddy, can you spare a dime?
how about 20 or 30 years? No one really know the sure answer. All up in the air.vsailor said:
Brace for another market sell-off today! I have a feeling is going to be another 500-600pts lost.
gentle_lover said:
I'm thinking 2-3 months, by Jan Hedge funds will be as liquid as they need to be, mutual funds will have seen most of their redemptions, and tax lose sales will have been sold off. These are the reasons I see for the market to be artifically low, but I am just an investor not an expert, my portfolio is +24% for 2008 as of now.
b d
E
enduser1
This is a pause before a rapid 2,000 point gain on the TSE. Big Big gains are coming for those who buy and hold through dollar cost averaging.
EU
EU
E
enduser1
No I am not in the financial services industry. Market's up BTW. It appears we are not going to hell in a handcart today.
EU
EU
E
enduser1
Truthfully, I am a contrarian investor. The pessimism has been brutal over the weekend. IMHO it was overdone. Way overdone.
They had that guy saying that "America hasn't been in such a perilous state since the before the Revolution. "WOW".
I mean dude, that's saying a lot. IMHO politically I agree that Bush is the political equivalent of Marie Antoinette: smart educated and arrogant to the point that even his supporters don't like him. EXCEPT we are nine days away from an election. Bush is gone. No revolution necessary.
EU
They had that guy saying that "America hasn't been in such a perilous state since the before the Revolution. "WOW".
I mean dude, that's saying a lot. IMHO politically I agree that Bush is the political equivalent of Marie Antoinette: smart educated and arrogant to the point that even his supporters don't like him. EXCEPT we are nine days away from an election. Bush is gone. No revolution necessary.
EU
gentle_lover said:+24%? That's good. Mind sharing what you have in portfolio with me?Just pm me.
I don't have exact proportional returns on how I got to where I am at but, I believe a lot of my returns are from the use of bear etfs also x2 x4 etfs. hxd and hfd have saved my capital. You have to hedge in this market, but that may change soon, the trend is your friend. Don't fall in love with a stock if it not doing what it should, sell it. Right now I am buying G.
b d
Market is not healthy. It's at best a day traders market. Swings of 500 points are great for this type of gambling..
. I just wish I would have done the same thing.Not so long ago Nortel stock sold at $124 per share. Then a bubble burst and it went down to $80, $50, $25, $15 and still inched lower.
I remember when their stock finally hit $10, all the finance-types were saying how a "great buy" Nortel has become, how Nortel is a "Canadian technology darling" undervalued against Cisco, Lucent, Alcatel, etc.
At $10/share, Nortel could be worth "twice its share price" in a takeover scenario, they'd say. And after losing 90% of its value, "it can't get any lower, only upside opportunities left". Big gains are to be expected.
Tons of investors bought Nortel at $10, laughing at those who previously owned it at $124. Then boom, Nortel stock crashed all the way down to 60 cents, where (10:1 split adjusted) it pretty much remains today.
It's like a bad joke that we hear the same stories being told again today by the same "finance types" who think they know everything. Buy this buy that and expect "rapid gains". Don't worry and "hold for the long term".
So many fools buy into the market without a clue of what's going on. Just remember all those suckers who bought Nortel at $10 suffered the same fate as those who bought at $124.
I remember when their stock finally hit $10, all the finance-types were saying how a "great buy" Nortel has become, how Nortel is a "Canadian technology darling" undervalued against Cisco, Lucent, Alcatel, etc.
At $10/share, Nortel could be worth "twice its share price" in a takeover scenario, they'd say. And after losing 90% of its value, "it can't get any lower, only upside opportunities left". Big gains are to be expected.
Tons of investors bought Nortel at $10, laughing at those who previously owned it at $124. Then boom, Nortel stock crashed all the way down to 60 cents, where (10:1 split adjusted) it pretty much remains today.
It's like a bad joke that we hear the same stories being told again today by the same "finance types" who think they know everything. Buy this buy that and expect "rapid gains". Don't worry and "hold for the long term".
So many fools buy into the market without a clue of what's going on. Just remember all those suckers who bought Nortel at $10 suffered the same fate as those who bought at $124.
