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[Merged] Another bloody red day on the TSX

  • Last Updated:
  • May 24th, 2018 12:58 pm
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Oct 6, 2015
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craftsman wrote:
Feb 14th, 2018 1:01 am
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.
It doesn't even work well as a thinner. Its way too light, and when it hits the fractioning tower, way too many of the light components basically overrun the top of the tower.

There's been major issues with suppliers blending way too much light into a bunch of real heavy to meet an arbitrary API gravity spec.

Of course, after spending billions in the 2000s to install cokers they don't want to abandon their expensive investment either.

So Canadian oil will be used in the US. And they'll have to export their light stuff overseas for refineries that are configured for light/sweet.
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Jan 28, 2007
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jerryhung wrote:
Feb 14th, 2018 9:41 am
yep, pretty sad
oil down = TSX down
US down = TSX down

sea of red
WEED is green LOL
Must not be "dried" out yet ... LOL
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Mar 24, 2008
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atang810 wrote:
Feb 14th, 2018 9:00 am
going to be another bad day today!
jerryhung wrote:
Feb 14th, 2018 9:41 am
yep, pretty sad
oil down = TSX down
US down = TSX down

sea of red
WEED is green LOL
It's up 1%, nobody knows nothin'.
Illegitimi non carborundum
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Sep 19, 2004
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ksgill wrote:
Feb 14th, 2018 3:02 pm
It's up 1%, nobody knows nothin'.
That's true, but it's all relative.

DOWN days = TSX worse than US
UP days (today) = TSX still worse than US

If it wasn't for Shopify or Gold names, my TSX port will still be ugly even though WTI is +3%

now TSX only +0.9%
while Dow/SP500/NASDAQ all +1.1~1.9%
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Sep 19, 2004
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TSX +112 pts / 0.73% << lame

US markets on Day 4 of GREEN, from +1% ~ +1.9%

Dow +1.04% to 24,897.55. S&P +1.35% to 2,698.58. Nasdaq +1.86% to 7,143.18.
Treasurys: 30-year -0.97%. 10-yr -0.59%. 5-yr -0.41%.
Commodities: Crude +2.55% to $60.70. Gold +1.86% to $1,355.10.
Currencies: Euro +0.87% vs. dollar. Yen -0.8%. Pound -0.83%.
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Apr 21, 2004
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Glad I switched from index to Jarislowsky Canadian equities, lol. With closet indexing, maybe returns will be 1-3% higher than the benchmark.
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Apr 9, 2012
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Markham
ksgill wrote:
Feb 14th, 2018 3:02 pm
It's up 1%, nobody knows nothin'.
The market is ever changing and I also changed my quote to saying the market will be up by 11am. You didn't see the message.

The market was down opening then reversed and I also reversed my comment. Pay attention!
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alanbrenton wrote:
Feb 14th, 2018 4:30 pm
Glad I switched from index to Jarislowsky Canadian equities, lol. With closet indexing, maybe returns will be 1-3% higher than the benchmark.
Better watch what you are saying... a mutual fund out performing the benchmark?!? The world is coming to an end :)
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craftsman wrote:
Feb 14th, 2018 5:56 pm
Better watch what you are saying... a mutual fund out performing the benchmark?!? The world is coming to an end :)
They will outperform when market tanks or when market rises. Only the worst will underperform in both scenarios.

:)
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Mar 24, 2008
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atang810 wrote:
Feb 14th, 2018 4:45 pm
The market is ever changing and I also changed my quote to saying the market will be up by 11am. You didn't see the message.

The market was down opening then reversed and I also reversed my comment. Pay attention!
Great, you should receive a medal for your predictions! I will pay more attention next time.
Illegitimi non carborundum
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Aug 4, 2014
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ksgill wrote:
Feb 14th, 2018 8:52 pm
Great, you should receive a medal for your predictions! I will pay more attention next time.
Hey what about me? I predicted that last Thursday was the bottom of the current correction on Friday morning - and no acknowledgement for almost a week now! lol
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Apr 9, 2012
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Markham
ksgill wrote:
Feb 14th, 2018 8:52 pm
Great, you should receive a medal for your predictions! I will pay more attention next time.
Naw. I dont really care for your medal, its trash. Also dont care for you to pay attention.
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Feb 9, 2009
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Emera is looking pretty interesting and 5.6% yield...

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