RE:RE:RE:RE:Irrational MarketHey Dean
I hope all is going well.
We definitely do agree on most investing stuff. I like Cdn banks in general and my wife and I hold full positions in BNS, RY, TD, and BMO. I do like the extra diversification amongst the 4 and really like the BNS high yield.
I think the banks have pretty much bottomed out here and the dip was totally irrational. (good old automated trading).
I'm also expecting the midstream to have a good run both this and next year. I figure they're good for the next 3-5 years but not sure after that. I guess we'll see how it plays out.
Take her easy
Sarge
DeanEdmonton wrote: Sarge - I agree about longterm, the markets are predictable. You and I don't see BNS the same, but that is one of our few divergences. Stay well.
SargeX wrote: Totally disagree on the market being dangerous for the average investor. The markets are illogical in the short term but they are consistent and fairly predictable in the long term. It's only the short term traders that can get hurt. The longs will be fine if they invest in solid companies (like banks, utilities, midstream, and telcos).
As an aside, I'm actually expecting to see BNS hit $73 sometime this year.
Ciao
Sarge
Goldluck wrote:
Not irrational market but AI controlled. Computer algorithms have evolved into AI. Market is now a very dangerous place for average investor. Cannot guess the market anymore even based on fundamentals.