GREY:CRXPF - Post by User
Comment by
Irie99on Dec 23, 2018 3:35pm
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Post# 29152230
RE:Bear market. How does this affect us ??
RE:Bear market. How does this affect us ??I don’t see a true bear market taking hold in 2019. Corporate earnings are still strong, unemployment is near zero and consumers are spending at a record pace. We definitely had a major correction but only the Nasdaq has dipped into bear market territory. The FANgs valuations were really stretched, so a pullback was expected. I think the market will perform better in 2019 than it did in 2018. There will be more volatility but I believe that China and the US have too much to lose to not coming to an agreement on trade.
The cannabis sector is in a bear market and has undergone a serious correction since October. Canada (and ontario) needs to get its act together and smooth things out, but some pain had to be expected rolling out the new regulations.
CROP should start showing significant revenue growth by the middle of 2019 which will lead to exponential share price appreciation. My guess is the cannabis industry will see more Altria/Constellation type deals and when revenues start to roll in the sector will improve, a lot.
happy holidays
irie