Bank of Nova Scotia T.BNS

Irrational Market

[FiddyFiddyShot]

"As observers tried to explain the Deutsche Bank plunge that unsettled the financial world Friday, analysts at Citigroup Inc. said it may be down to an “irrational market.”

https://ca.finance.yahoo.com/news/asia-stocks-set-fall-us-222017799.html

[Goldluck]

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.

[SargeX]

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

[Red_Deer]

""As an aside, I'm actually expecting to see BNS hit $73 sometime this year."" Hey SARGE__Strange PREDICTION to Make__As BNS Has ALREADY Hit $74 Early February  

[DeanEdmonton]

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]

Hey 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

[BiggyG]

Buy and Hold, enjoy the Divvys