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[Merged] Another bloody red day on the TSX

  • Last Updated:
  • May 20th, 2017 10:04 am
Sr. Member
Jan 20, 2016
857 posts
228 upvotes
Burlington, ON
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
Deal Addict
Sep 6, 2010
1617 posts
325 upvotes
Vancouver
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.
Newbie
Feb 27, 2016
19 posts
4 upvotes
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%.
Deal Expert
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Jun 9, 2003
23192 posts
1032 upvotes
Markham, ON
asa1973 wrote:
Jun 24th, 2016 11:33 am
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
my response was why TSX was down 1% but S&P down 2%...
Member
Aug 14, 2010
338 posts
118 upvotes
Toronto
DAX futures down 1.1%
FTSE 100 futures down 1.1%
S&P500 futures down 0.5%

nothing to get excited about just yet....
Sr. Member
Jan 5, 2015
571 posts
128 upvotes
Edmonton, AB
This is great!
Picking up more US and International shares soon.

:cheesygri
Deal Expert
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Dec 19, 2001
28871 posts
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Fernando Po
thelefteyeguy wrote:
Jun 28th, 2016 9:09 am
so only 1 drop?....nah...rinse and repeat!
I'm inclined to agree with that.
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Jun 9, 2003
23192 posts
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Markham, ON
hagbard wrote:
Jun 28th, 2016 9:11 am
I'm inclined to agree with that.
just stay safe...those V shape recoveries in the past few years have been reallly nasty (esp the most recent one)
Deal Addict
Dec 6, 2006
3519 posts
589 upvotes
Toronto
yeah what the hack, green already?!?
Hopefully the bargain hunters will start selling off again once taking a bit of profit.
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Dec 19, 2001
28871 posts
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Fernando Po
boyohboy wrote:
Jun 28th, 2016 10:25 am
yeah what the hack, green already?!?
Hopefully the bargain hunters will start selling off again once taking a bit of profit.
I was expecting it to last at least a week. If they follow through and aren't stopped, Brexit is going to be a good thing for markets.
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Sep 19, 2004
19654 posts
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Waterloo
Still weird NA markets are down as bad as UK/FTSE last 2 days? or the falling GBP kind of offset it..
obviously EU ones are worse

but I really thought FTSE would be worst, then EU, than NA, then Asia
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Deal Expert
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Jun 9, 2003
23192 posts
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Markham, ON
jerryhung wrote:
Jun 28th, 2016 10:44 am
Still weird NA markets are down as bad as UK/FTSE last 2 days? or the falling GBP kind of offset it..
obviously EU ones are worse

but I really thought FTSE would be worst, then EU, than NA, then Asia
currency driven really...once the Yen pops....then USD....i knew Nikkei was going to take a hit. China's issues with the high USD will show its ugly face next week likely.
Deal Addict
Sep 20, 2014
1146 posts
362 upvotes
Calgary, AB
jerryhung wrote:
Jun 28th, 2016 10:44 am
Still weird NA markets are down as bad as UK/FTSE last 2 days? or the falling GBP kind of offset it..
obviously EU ones are worse

but I really thought FTSE would be worst, then EU, than NA, then Asia
They already anticipated the fallout for the most part and everyone was hoping to get some "bargains" so it didn't really go down much. Bank of England also stepped in and committed to a few hundred billion pounds in liquidity.

My guess is that you'll see better opportunities going forward when the reality of the increased costs actually sets in and hurts profits. That's when you'll see everyone going around screaming that the financial world is coming to an end and the gold standard is upon us.

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