Another great green day on the TSX

[retroman80s]

Have we hit rock bottom as yet? Is this the sign of a turn around?

[resu]

With these crazy fluctuations - European indexes jumping 10%? We still have a long way to go :cry:

[retroman80s]

With these crazy fluctuations - European indexes jumping 10%? We still have a long way to go :cry:

There's been alot of insane ups and downs the last couple of months. Alot of opportunities to make some short gains if your willing to take that risk.. :lol:

[sjweyman]

I guess when you have 2 or 3 of them a month you can technically use the term "another" :rolleyes:

[bacid1]

This is a rally based on emotion, not fundamentals.

If you look back at the past month, all these rallies are due to some magical "good" news, but after a few days of rallying the selloff continues because everyone realizes the future prospects are grim.

Take your profits while you can.. that's what I've been doing, I keep buying on the low of the week, wait for rally, sell, and repeat.

[airblade90]

Have we hit rock bottom as yet? Is this the sign of a turn around?

Markets don't go down in a straight line. When the volatility dies down (which from the looks of it, is far from over), you can take a look at the markets.

[funkylist]

This is a rally based on emotion, not fundamentals.

If you look back at the past month, all these rallies are due to some magical "good" news, but after a few days of rallying the selloff continues because everyone realizes the future prospects are grim.

Take your profits while you can.. that's what I've been doing, I keep buying on the low of the week, wait for rally, sell, and repeat.

Forget about fundamentals, nothing makes sense anymore in this market..

How many people did not take any profit and watched their stock value sky rocket this summer and now their watching it burning up falling back to earth?

[mikeycanuk]

Thankfully the dollar is going back up. I owe $17000 to US suppliers and I told one he's waiting until it gets better. yuk:mad:

[resu]

Take your profits while you can.. that's what I've been doing, I keep buying on the low of the week, wait for rally, sell, and repeat.

Unless you have a special crystal ball, that's just asking for disaster in this environment.

[NUTS]

Unless you have a special crystal ball, that's just asking for disaster in this environment.

its absolutely amazing

less than 30-minutes ago before this post of mine the Canadian press (CP) issued this


Gloom deepens among consumers as recession fears grow - The Canadian Press

OTTAWA - One of the last pillars of Canada's economic foundations may be crumbling as the latest survey shows consumer confidence eroding to a new quarter-century low.

[thelefteyeguy]

its absolutely amazing

less than 30-minutes ago before this post of mine the Canadian press (CP) issued this


Gloom deepens among consumers as recession fears grow - The Canadian Press

OTTAWA - One of the last pillars of Canada's economic foundations may be crumbling as the latest survey shows consumer confidence eroding to a new quarter-century low.


that was posted on Toronto Star in the early morning....investors shugged that off today...that survey means little esp when the public (not investors) have been bombarded with Stock Market Crashing every week. You won't have many ppl not worried about the economy today

[charliebrown]

Too bad TD shocks the market (again) with a share issue after market close

http://micro.newswire.ca/release.cgi?rkey=1611243562&view=62342-0&Start=0

DBFG has entered into an agreement with a syndicate of underwriters led by TD Securities Inc. for an issue of 30.4 million common shares, at a price of $39.50 per common share, to raise gross proceeds of $1.2 billion.


TD
42.90
+1.60 (3.87%)
Nov 24 - Close

Open: 41.95
High: 44.00
Low: 38.33
52Wk High: 75.00
52Wk Low: 38.33
Vol: 5.13M

[urameatball]

after last week's freefall, it's pretty obvious we're gonna get some sort of bounce this week.
Everyone who still hasn't lost enough money is like "hey, it's definately bottomed now, I'm getting back in this". It's happened every time we've hit new lows, and if it sinks lower, it'll happen again.

[Thalo]

It's emotions that are pulling the markets down. They are hugely oversold. Once the fear subsides and we at least go a day or so without any news of financial armageddon the market relaxes and it goes up.

This is why the market will bottom before the economy does and we will enter a bull market while we're technically still in a recession. It's just a matter of when. As soon as we get remotely good unemployment/consumer confidence/housing date/etc news, or just news that isn't as bad as forecasts, we'll turn around.

[ibanker]

its not emotion bringing the markets down....

its emotion bringing the markets up ... everytime theres a big positive day ppl get all confident.

dont try to take revenge on the markets. itll eat you.

i get sick when i see ppl continually try to pick the bottom. theres more bad news out there with financials. theyre just slowly releasing it to ease the pain.

[gei]

Financials are down tremendously... all the bad news has already been priced in IMO. The only thing pulling them down so much in the last few days prior to today was the chance of C collapsing. Now that we all know it's not gonna happen, I think the financials have hit their bottom.

[Thalo]

its not emotion bringing the markets down....

its emotion bringing the markets up ... everytime theres a big positive day ppl get all confident.

dont try to take revenge on the markets. itll eat you.

i get sick when i see ppl continually try to pick the bottom. theres more bad news out there with financials. theyre just slowly releasing it to ease the pain.

Who knows where the bottom will be. Current market levels are an irrational mispricing driven by fear. Will the market stop being irrational? Who knows? Will it go completely apesh** crazy and go even lower? Possibly.

Market sentiment indicators clearly show that it is oversold though. Will it stay oversold or get more oversold? Who knows? But it has to subside at some point, either tomorrow, next week, next month or next year.

[resu]

i get sick when i see ppl continually try to pick the bottom. theres more bad news out there with financials. theyre just slowly releasing it to ease the pain.

Exactly. Until they find a way to reform the financial structures, I'm not chipping in a single cent. Using taxpayer dollars to prop up failing business strategies is just a band-aid solution that'll crack sooner or later.

[heat]

Let's hope for a good day today, I placed some orders overnight:D

[aww1970]

More money is lost in bear market rallies than the freefall that caused them. Be careful...

[aww1970]

i get sick when i see ppl continually try to pick the bottom. theres more bad news out there with financials. theyre just slowly releasing it to ease the pain.

Well said ibanker- They don't pre-announce good news, just softening the blow with a bad pre-announcement. My feeling is the CDN financials are still to take more on the chin...

[winner2000]

Looks like this thread will be VERY quiet today..... :lol:

[NUTS]

Looks like this thread will be VERY quiet today..... :lol:

My daily take on this -

BCE will kill TSX today - down IMO 200 - 300 points

US looks like it will also be down around 100- 150 for the day

Paulson is trying to spend $800million rescuing banks & bad-debt

Obama is moving too fast putting his team together

[WHO]

BCE down 14$ to 24$ this morning.
That's even lower than what it was worth before the deal was announced.

[charliebrown]

My daily take on this -

BCE will kill TSX today - down IMO 200 - 300 points

US looks like it will also be down around 100- 150 for the day

Paulson is trying to spend $800million rescuing banks & bad-debt

Obama is moving too fast putting his team together

if only it was $800million.....

i think it was announced at $800 BILLION

http://www.nytimes.com/2008/11/26/business/economy/26fed.html?bl&ex=1227848400&en=5a50becfbe5bac73&ei=5087%0A

however...Euroland is announcing stimulus package and China cut rates by 108bps...so...

[cutesnoopydoll]

BCE at $24, is it a good buy?

[NUTS]

if only it was $800million.....

i think it was announced at $800 BILLION

http://www.nytimes.com/2008/11/26/business/economy/26fed.html?bl&ex=1227848400&en=5a50becfbe5bac73&ei=5087%0A


lol - & thanks - chump change :o:o

[NUTS]

BCE at $24, is it a good buy?

Do you really think so?

not a good buy at any price - sit wait and see IMO

[thefleet]

BCE down 14$ to 24$ this morning.
That's even lower than what it was worth before the deal was announced.

Keep in mind that most stocks have fallen dramatically from their highs from the "boom times"

[ZenOps]

China dropped their interest rate 1.08%.

That should be a big sign right there that its pretty much game over, from now on its just damage control.

[grant]

I wonder why TD is offering so much common stock if the BCE deal is likely to not happen. Maybe they were surprised by the KPMG review.

[elty]

I wonder why TD is offering so much common stock if the BCE deal is likely to not happen. Maybe they were surprised by the KPMG review.

Or maybe they are not doing as good as everyone else thought.

[aww1970]

I hope those of you that bought last week took some profit this afternoon...

[grant]

Or maybe they are not doing as good as everyone else thought.
If they're truly strapped for operating capital why not do a preferred share offering like BMO & RBC did? Why so much? TD's offering was $1b more than BMO's.

Issuing over $1b in common stock implies they need money for something big. Considering the timing, BCE deal looked the most likely.

[Jungle]

I hope those of you that bought last week took some profit this afternoon...

A tiny bit. There are some good deals out there but most are still trying to recover from overall losses.

[canadiantofu]

If they're truly strapped for operating capital why not do a preferred share offering like BMO & RBC did? Why so much? TD's offering was $1b more than BMO's.

Issuing over $1b in common stock implies they need money for something big. Considering the timing, BCE deal looked the most likely.

http://seekingalpha.com/article/107978-analysts-praise-td-s-equity-issue-call-it-a-new-standard?source=yahoo

Here's an answer. Capitalizing by recapitalizing. Maybe Q4 is going to be very bad...?

Nothing like waking up on Tuesday morning and seeing the thing drop like a stone. I am surprised it's creaping back up when the exp date is Dec 5.

[Thalo]

If they're truly strapped for operating capital why not do a preferred share offering like BMO & RBC did? Why so much? TD's offering was $1b more than BMO's.

Issuing over $1b in common stock implies they need money for something big. Considering the timing, BCE deal looked the most likely.

Probably. Now they can use it for something else. I'm hoping for an AMTD full take-over.

[retroman80s]

What a day in the stock market. I could of made a ton of $$$ if only I bought yesterday and sold today...

[Wing Nut]

Anyone else notice that you've resurrected a thread without any posts for over 2.5 years? What does that say about the markets, or people's mindset?

[SpillOnAisle9]

well he is RETROman after all :lol:

[xlfe]

oh wow i forgot about this thread lol

[Terrific_Deals2k8]

This thread is so old it deserves to be filed in the expired section, lol...

[Thalo]

What a day in the stock market. I could of made a ton of $$$ if only I bought yesterday and sold today...

You could have bought at 2:15PM EDT today (DJIA -200) and made a killing an hour later (DJIA +400).


Anyone else notice that you've resurrected a thread without any posts for over 2.5 years? What does that say about the markets, or people's mindset?

The thread was originally started fairly close to market bottom (markets made a bottom in November, recovered somewhat in December then slid to their ultimate lows at the end of Feb, early March, man those were fun times!) and Nov 2008 was certainly a fantastic time to have bought equities. Perhaps the reviving is a sign?