Investing

[Merged] Another bloody red day on the TSX

  • Last Updated:
  • Oct 16th, 2018 2:31 pm
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Nov 9, 2013
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Edmonton, AB
alanbrenton wrote:
Feb 12th, 2018 1:26 pm
^ the market's or Jerry's?

I used Jerry's and lost about $500 so far, haha.

JFL being bought out by Scotia. I wonder if the portfolio managers will remain intact.
Both? :)
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Sep 19, 2004
21693 posts
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Waterloo
At the close

Dow +1.68% to 24,598.96. S&P +1.38% to 2,655.12. Nasdaq +1.56% to 6,981.58.
Treasurys: 30-year +0.42%. 10-yr -0.07%. 5-yr -0.06%.
Commodities: Crude +0.22% to $59.33. Gold +0.68% to $1,324.70.
Currencies: Euro +0.32% vs. dollar. Yen -0.16%. Pound -0.01%.

TSX +207 pts (1.38%)
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Dec 3, 2014
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jerryhung wrote:
Feb 12th, 2018 4:01 pm
At the close

Dow +1.68% to 24,598.96. S&P +1.38% to 2,655.12. Nasdaq +1.56% to 6,981.58.
Treasurys: 30-year +0.42%. 10-yr -0.07%. 5-yr -0.06%.
Commodities: Crude +0.22% to $59.33. Gold +0.68% to $1,324.70.
Currencies: Euro +0.32% vs. dollar. Yen -0.16%. Pound -0.01%.

TSX +207 pts (1.38%)
So... happy Jerry or sad Jerry?
Penalty Box
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Jul 17, 2008
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Well, this sucks. Wanted it to drop more for more buyz. Oh wells. Was fun while it lasted.
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Aug 4, 2014
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llpresident wrote:
Feb 12th, 2018 4:14 pm
So... happy Jerry or sad Jerry?
Glass always half-empty "should've bought last week!" Jerry.. lol
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Sep 19, 2004
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Ha ha, TSX down - 10% and +1.5% isn't that exciting. Let's see how it goes

And I'm doing my best to not buy anymore TSX names (already too much and they don't bounce LOL)

US names for now
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Why Canada’s stock market is among the most alluring in the world - The Globe and Mail
https://www.theglobeandmail.com/globe-i ... e37961404/

TSX today, well, I don't even want to comment.
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alanbrenton wrote:
Feb 13th, 2018 2:50 pm
Don't indexes experience mean reversion?
LOL, only if things work logically on fundamentals

TSX has went nowhere in the last 10 years, so who knows if it'll revert to the mean (by catching up to USA/world gains) in the next 10 years?
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Apr 21, 2004
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Only if commodities other than energy run up, lol. Maybe we need more refineries and pipelines. :)

US about to be the biggest oil producer in the world.
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alanbrenton wrote:
Feb 13th, 2018 3:51 pm
I bet we end on the green side ever so slightly.
sadly not
TSX -25 pts (-0.17%)

USA
Dow +0.16% to 24,640.24. S&P +0.27% to 2,663.68. Nasdaq +0.45% to 7,013.59.
Treasurys: 30-year +0.28%. 10-yr +0.18%. 5-yr +0.06%.
Commodities: Crude -0.17% to $59.19. Gold +0.43% to $1,332.10.
Currencies: Euro +0.53% vs. dollar. Yen -0.79%. Pound -0.36%.
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Jan 27, 2006
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alanbrenton wrote:
Feb 13th, 2018 3:06 pm
Only if commodities other than energy run up, lol. Maybe we need more refineries and pipelines. :)

US about to be the biggest oil producer in the world.
Unfortunately for the US, much of that new production is very light oil which the US can't refine easily as their refineries are built for heavy oil.
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craftsman wrote:
Feb 13th, 2018 6:47 pm
Unfortunately for the US, much of that new production is very light oil which the US can't refine easily as their refineries are built for heavy oil.
Light oil from fracking, nice.
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Jan 27, 2006
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alanbrenton wrote:
Feb 13th, 2018 7:02 pm
Light oil from fracking, nice.
Exactly. Basically, all of the new fracking oil in the US can only be used as a thinner to process the really thick stuff which then can be refined in their refineries; hence, there's no talk about the oil trade imbalance from Canada to the US which is in the billions so they talk about the dairy trade issue.

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