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[Merged] Another bloody red day on the TSX

  • Last Updated:
  • Jun 20th, 2018 10:47 am
Sr. Member
Oct 21, 2014
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Burlington, ON
emanon86 wrote:
Jun 24th, 2016 6:51 am
The tin foil hat brigade are going to be coming out of the woodwork again, they've been in hiding since mid February.
Let them enjoy their day in the sun, today they can rant and rave about the end of the world and tell us all how they knew it would happen.

On the other hand, I'll be on my brokerage account at 9:30 in case of flash crash at open, ready to scoop up bargains.
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Dec 19, 2001
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Fernando Po
Gungnir wrote:
Jun 24th, 2016 7:50 am
Let them enjoy their day in the sun, today they can rant and rave about the end of the world and tell us all how they knew it would happen.

On the other hand, I'll be on my brokerage account at 9:30 in case of flash crash at open, ready to scoop up bargains.
^^this. I look at it this way, if the economy is about to tank, its going to take everything with it (including bank accounts, cash, housing, etc) so might as well gamble on the market.
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Oct 26, 2008
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It really isn't that bloody considering how the markets were pumped up over the last 5 trading sessions prior to Brexit. For instance, the DOW last Friday closed at 17666 and yesterday closed at 18011. Taking into account the 500 point drop in premarket this morning the DOW is only down 155 points since last Friday. Of course this is all a charade IMO. With 3 months left until the US presidential election the corrupt Fed along with her crony buddies on Wall Street will do what it takes to keep the market strong to avoid ruining Obama's and Hillary's reputation.
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Nov 24, 2013
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Si98 wrote:
Jun 24th, 2016 8:31 am
It really isn't that bloody considering how the markets were pumped up over the last 5 trading sessions prior to Brexit. For instance, the DOW last Friday closed at 17666 and yesterday closed at 18011. Taking into account the 500 point drop in premarket this morning the DOW is only down 155 points since last Friday.
Fallout to the DJI is tangential anyway, based on aggregate impact to global economy. Hardest hit are companies with strong ties to UK market specifically, London-listed banks, insurers, etc.


Buying op on Aviva? LON:AV
https://www.google.com/finance?q=LON%3A ... Ma72AbH1gY
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Mar 22, 2010
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XEG and Suncor surprisingly holding up well...
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Oct 26, 2008
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Mike15 wrote:
Jun 24th, 2016 9:32 am
Fallout to the DJI is tangential anyway, based on aggregate impact to global economy. Hardest hit are companies with strong ties to UK market specifically, London-listed banks, insurers, etc.


Buying op on Aviva? LON:AV
https://www.google.com/finance?q=LON%3A ... Ma72AbH1gY
Tangential or not the central banks are pumping steroids into the markets (like they have been over the past 8 years) to keep the Brexit bloodshed to a minimal. This is why its so tough to short the markets.

Central banks move to calm jittery markets after Brexit shock
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Oct 21, 2014
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Burlington, ON
Si98 wrote:
Jun 24th, 2016 10:10 am
Tangential or not the central banks are pumping steroids into the markets (like they have been over the past 8 years) to keep the Brexit bloodshed to a minimal. This is why its so tough to short the markets.

Central banks move to calm jittery markets after Brexit shock
I was hoping hoping for a metaphorical panic sale but instead it looks like we got one of those crappy "store closure" sales where they mark the electronics down by 5% and call it a sale, in stock market form.
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Dec 6, 2006
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Gungnir wrote:
Jun 24th, 2016 10:15 am
I was hoping hoping for a metaphorical panic sale but instead it looks like we got one of those crappy "store closure" sales where they mark the electronics down by 5% and call it a sale, in stock market form.
yeah such a cold deal today.
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Jan 20, 2016
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looks like it's more scary for US and EU, then for CAN and UK after all...(and more fear mongering was overnight)
FTSE100 -2% while DAC -6%

TSX down about 1% while S&P -2%

Meanwhile no sale on my div stocks :( or :) (BCE, CJR.B, ENF) and CCP portfolio 40/60 is down about 1% (or even close to par as surge in bonds compensate slide in stocks, luckily my intl exposure only 10% of portfolio)
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asa1973 wrote:
Jun 24th, 2016 11:25 am
looks like it's more scary for US and EU, then for CAN and UK after all...(and more fear mongering was overnight)
FTSE100 -2% while DAC -6%

TSX down about 1% while S&P -2%

Meanwhile no sale on my div stocks :( or :) (BCE, CJR.B, ENF) and CCP portfolio 40/60 is down about 1% (or even close to par as surge in bonds compensate slide in stocks, luckily my intl exposure only 10% of portfolio)
cause of gold...
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Jan 20, 2016
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thelefteyeguy wrote:
Jun 24th, 2016 11:27 am
cause of gold...
Oh my, BCE, CJR.B, ENF started to mine gold? probably I missed smth :)

In terms of long time CPP portfolio this hiccup is quite a noise, stocks drops up to 10% quite every year and still making 5-10% positive

In short terms gold makes profit, but I'm quite not sure about it's profitability in long terms
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Sep 6, 2010
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Well at least there is one thread with some sanity. Some of the other threads are pretty much unbearable to read at this point. All the nutjobs have come out of the woodwork.
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Feb 27, 2016
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Calgary
Has their been any past cases similar to a big country leaving a economic union? I can't see how things are going to go but experts are saying breaking even within 2-4 weeks for most countries that are not the UK.

https://finance.yahoo.com/news/brexit-t ... 00151.html

I was down about 5% in February 2016 because I invested a lot of money in April 2015 when everything was high. I have recovered to only losing 2% till today, now with this hit hopefully don't go back down again to a loss of 5%.

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