It can be explained in one word. OVERCAPACITY!fijiman said:
For example, there is already 1 auto for every man, woman and child in North America.
Today TSX Looses 300 Points
- Thread starter Schon
- Start date
For example, there is already 1 auto for every man, woman and child in North America.
Yes it is a global phenomana. But it has everything to do with the US, its huge deficits and the "petro dollar".fijiman said:
If hyperinflation is introduced, and it looks like the US is on the on-ramp to that highway of hell, then I would imagine that unemployment in Canada and the US could rise to 20%. Stop looking to the '39 crash and the North American experience. Look to Europe, especially Germany, for what might lie ahead.
Real unemployment in the private sector in Canada is probably already north of 20%. Real unemployment in the public sector is 0%.Compromised said:
Yes, you are correct. There is only unemployment in the private sector. There is no other kind.danmand said:
E
enduser1
This market is worse than a divorce...
...I have lost 50% of my assets but still have my wife.
I thought that was one of the best ones circulating. The other one I liked is the definition of P/E ratio = how much you pee yourself when you get your statement.
I got lucky at the beginning of this I moved most of my cash out of resources when it was still high and the financials were tanking.
I have since bought real property (I don't like condos) and am sitting mostly on cash. I can't help some stock picking here and there.
There is an interesting technical analysis that says wait until you cross the 50 day moving average (for the market before you invest). You miss 10% of the gains (historical back testing) but you also miss 100% of the false rallies.
We aren't there yet folks. Hang unto you cash (unless it is used for hobbying), the DJIA is still making new lows.
...I have lost 50% of my assets but still have my wife.
I thought that was one of the best ones circulating. The other one I liked is the definition of P/E ratio = how much you pee yourself when you get your statement.
I got lucky at the beginning of this I moved most of my cash out of resources when it was still high and the financials were tanking.
I have since bought real property (I don't like condos) and am sitting mostly on cash. I can't help some stock picking here and there.
There is an interesting technical analysis that says wait until you cross the 50 day moving average (for the market before you invest). You miss 10% of the gains (historical back testing) but you also miss 100% of the false rallies.
We aren't there yet folks. Hang unto you cash (unless it is used for hobbying), the DJIA is still making new lows.
Today also is a bad day at TSX upto 1400 Hrs its down by 174 points
and the index has gone to 8,205.0 which has really reached a very dangerous level for investors, Lord only knows where we all are heading for now a real disaster in our lives
so unfortunate & depressing
and the index has gone to 8,205.0 which has really reached a very dangerous level for investors, Lord only knows where we all are heading for now a real disaster in our lives
so unfortunate & depressingKiss your pension goodby.Schon said:Lord only knows where we all are heading for now a real disaster in our lives
I feel sorry for my friend. During the past 5 years, he studiously reinvested all his profits back in the stock market. He never went SCing with the boys. He lived frugally. Doesn't even have a home computer, preferring to use a free one at the library. Kept his house at 65 degree in the Winter to save fuel. Now he is getting killed. He doesn't deserve this.
The Cash Rule of Thumb
You should have a percentage of your investments in cash (very safe, GIC type stuff) that is equal to your age out of 100.
Therefore, if you are 30 you should have 30% of your investments safe, 100, 100% of your investments safe. This helps get you through the bad times and also provides you with cash for those bargain hunting opportunities. Although at 100 you shouldn't do too much bargain hunting but at 30 it is ok.
You should have a percentage of your investments in cash (very safe, GIC type stuff) that is equal to your age out of 100.
Therefore, if you are 30 you should have 30% of your investments safe, 100, 100% of your investments safe. This helps get you through the bad times and also provides you with cash for those bargain hunting opportunities. Although at 100 you shouldn't do too much bargain hunting but at 30 it is ok.
GIC's are not safe! All the banks are insolvent (just look at their stock prices)!Worldtraveller6 said:
Listen to President Reagan, keep 1/3 of your investments in equities, 1/3 in real estate, 1/3 in bonds and 1/3 in cash. It is unlikely that all 3 will crash at the same time. Also, get a job with the municipal, provincial and/or federal government.
There you go picking on Ron again. Nobody said that he was a math whiz like all those MBA's on Wall Street with their stupid CDO's on substandard mortgages.bing said:
Diversification is key!!! Never have all/most of your eggs in one basket! It seems that right now its best to hold cash and real properties! Too risky for anything else!
He inherited a sizable sum of money from his late father. He also inherited a house from another relative. Long story short. He doesn't do anything for a living except spend all day watching the "ticker tape".aabbaa1975 said:
It sure is much quicker going from 15,000 to 6,500 than it is from 6,500 to 15,000. Must be the wind on the downside.stang said:
