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02-27-2020, 11:16 AM
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Join Date: Sep 2013
Posts: 367
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Quote:
Originally Posted by bdub
The DOW is a poor index to track, its the top 60 large US caps. You would want to be in a much broader index fund that tracks the Sp500 instead. Lots to chose from there. Vanguard, Spyder, Blackrock all have good options. Vanguard is probably the cheapest historically but I haven’t looked in a while. Another good option in my opinion for broad exposure and good management would be BRK.B.
If a guy is looking for a safe time to get back in focus on the level on the VIX. We need a week or so of it under 20 ish before all clear imo. Watch trading volumes. Wait for the selling pressure to exhaust itself. Be patient. Look back at 2008-09 period, market bottoms take time and don’t worry about missing a few points by trying to pick the bottom. This thing could be over next week or stretch over several months. Have some rules and a shopping list ready if you are looking at individual stocks. All just my opinions.
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thanks!
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02-27-2020, 12:09 PM
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Join Date: Jun 2011
Posts: 3,713
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Quote:
Originally Posted by 1stLand
thanks!
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No problem, your welcome.
This just pooped up, trading halt on TMX. Technical. Hmmm. Overloaded with sells and no bid lol.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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02-27-2020, 12:19 PM
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Join Date: Jun 2011
Posts: 3,713
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This ought to calm markets. Now the White House is going to try and control the narrative on the virus. Taking a lesson from communist China now? Wow. This is a repeat of 1918-20. Same crap, different point in history.
From NY Post just now.
Government health officials and scientists will have to coordinate statements with the vice president’s office, one of three people designated as the administration’s primary coronavirus official.
WASHINGTON — The White House moved on Thursday to tighten control of coronavirus messaging by government health officials and scientists, directing them to coordinate all statements and public appearance with the office of Vice President Mike Pence, according to several officials familiar with the new approach.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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02-27-2020, 01:04 PM
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Join Date: May 2007
Posts: 15,935
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The Trump Government doesn’t trust the news? Well that’s shocking.
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“I love it when clients bring Berger bullets. It means I get to kill the bear.”
-Billy Molls
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02-27-2020, 01:17 PM
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Join Date: Jun 2011
Posts: 3,713
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Quote:
Originally Posted by chuck
The Trump Government doesn’t trust the news? Well that’s shocking.
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No. They don't trust their own officials or scientists to give the news outlets anything that doesn't jive with the governments spin on things. I think they call it censorship.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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02-27-2020, 01:20 PM
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Join Date: Jun 2011
Posts: 3,713
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Ignore the 320 point drop on the TSX, it was down almost 600 points at the halt so we won't know the real level until they get trading going again. Haven't seen a glitch like this happen for quite a while.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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02-27-2020, 01:25 PM
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Join Date: Dec 2008
Location: Camrose
Posts: 45,309
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Quote:
Originally Posted by chuck
The Trump Government doesn’t trust the news? Well that’s shocking.
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I guess they need to buy the media, like the Trudeau government does. They provide funding to the companies that support them, and take away funding from anyone that doesn't support them.
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Only accurate guns are interesting.
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02-27-2020, 02:14 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,467
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Holy crap--Dow closed down 1190 pts, futures down 1350 pts. Wow, I wanted a low re-entry point at 22,000--didn't think it would be next week though!
Now, this is some scary stuff
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Wherever you go, there you are
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02-27-2020, 02:24 PM
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Join Date: Oct 2008
Posts: 465
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Quote:
Originally Posted by Justfishin73
Holy crap--Dow closed down 1190 pts, futures down 1350 pts. Wow, I wanted a low re-entry point at 22,000--didn't think it would be next week though!
Now, this is some scary stuff
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Agreed this is pretty nutty on all scales....
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02-27-2020, 02:26 PM
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Join Date: Jun 2011
Posts: 3,713
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Quote:
Originally Posted by Justfishin73
Holy crap--Dow closed down 1190 pts, futures down 1350 pts. Wow, I wanted a low re-entry point at 22,000--didn't think it would be next week though!
Now, this is some scary stuff
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I think your looking at the futures incorrectly. Think of them as a continuation of todays markets until the futures markets close for the day. So the afterhours is implying the market has continued to drop roughly another 160 points after hours, 1350-1190. Then look at the next session open for an idea of tomorrows start to trading.
Here's a breakdown of trading times.
https://www.cmegroup.com/trading-hours.html
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There are some who can live without wild things, and some who cannot. Aldo Leopold
Last edited by bdub; 02-27-2020 at 02:32 PM.
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02-27-2020, 05:22 PM
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Join Date: Aug 2016
Posts: 1,058
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Quote:
Originally Posted by Justfishin73
Holy crap--Dow closed down 1190 pts, futures down 1350 pts. Wow, I wanted a low re-entry point at 22,000--didn't think it would be next week though!
Now, this is some scary stuff
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Not scary. It’s just business. Markets go up and down. I’ve been investing since I was a teenager and have seen many ups and downs.
Anyone that can stand some volatility shouldn’t be in equity markets.
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02-27-2020, 09:09 PM
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Join Date: Dec 2008
Location: At the lake
Posts: 2,522
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Quote:
Originally Posted by elkhunter11
I guess they need to buy the media, like the Trudeau government does. They provide funding to the companies that support them, and take away funding from anyone that doesn't support them.
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Trump has that covered.....he's got Fox
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02-27-2020, 09:29 PM
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Join Date: Jul 2010
Location: Edmonton
Posts: 11,868
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Quote:
Originally Posted by chuck
The Trump Government doesn’t trust the news? Well that’s shocking.
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Trump knows more about ____________ that anybody else and the experts …….. (fill in the blanks yourself). Trust him, He says it all the time.
Who needs experts when your that freaking smart and that much more superior to anyone else out there on any subject whatsoever.
The guy is a real beauty.
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02-27-2020, 09:44 PM
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Banned
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Join Date: Jun 2007
Posts: 4,158
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Lakeland industries. Makers of protective suits. LAKE on the Nasdaq.
Panic selling? No. Panic buying!
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02-28-2020, 05:17 AM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,291
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__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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02-27-2020, 05:26 PM
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Join Date: Aug 2016
Posts: 1,058
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Quote:
Originally Posted by bdub
This ought to calm markets. Now the White House is going to try and control the narrative on the virus. Taking a lesson from communist China now? Wow. This is a repeat of 1918-20. Same crap, different point in history.
From NY Post just now.
Government health officials and scientists will have to coordinate statements with the vice president’s office, one of three people designated as the administration’s primary coronavirus official.
WASHINGTON — The White House moved on Thursday to tighten control of coronavirus messaging by government health officials and scientists, directing them to coordinate all statements and public appearance with the office of Vice President Mike Pence, according to several officials familiar with the new approach.
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Idiots.
No better way to drive fear into the markets than to ensure that no one trusts their government or knows what the heck their government is really doing. (Like telling everyone to stay calm and not to panic while the insiders are taking steps to protect themselves.)
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02-27-2020, 05:57 PM
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Join Date: Jun 2011
Posts: 3,713
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Quote:
Originally Posted by KinAlberta
Idiots.
No better way to drive fear into the markets than to ensure that no one trusts their government or knows what the heck their government is really doing. (Like telling everyone to stay calm and not to panic while the insiders are taking steps to protect themselves.)
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Yeah ubet. This just accelerated the panic selling as soon as it was widely known.
The trading halt on the TMX surprised me today. Haven’t seen that for a while.
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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02-27-2020, 05:59 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,291
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TMX stoppage was due to a 'glitch'. Yeah. A glitch. That happens sometimes. Like, when the barn is burning and they close the doors to keep the horses from getting out....hmmm.
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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02-27-2020, 07:12 PM
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Join Date: Apr 2010
Posts: 1,615
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Just gotta know when to pull the pin when you are playing the market. Anybody who is still hangin on is in for another 10 percent at least before it settles. You've seen the pathetic 5 and 10 year g.i.c interest rates now you know why a one year term deposits had a better rate than some of the 10 year ones. I hung onto a couple just because they been good to me and actually have some real assets. Some of the stocks that are tanking didn't do much to deserve the big swing in share prices they have gotten. I think it was a product of people switching from rrsp and mutual funds to a stock based t.f.s.a that payed a dividend. Now is when those people learn what a stock market crash is all about. It's more about the value of the share than the little dividend you get.
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