RE:RE:New Press Release - CIBC Announces Third Quarter 2023 ResultsThere has been a boogey men and its called ongoing stupidity and ignorance all the world governments who think it wise to raise rates when you have 0 economy coming out of covid. We heard time and time again about supply chain issues and experienced it with shortages in way overpriced products the lowest of which is 20 percent more others 100 percent plus. What the f'ck are these guys thinking??? You raise rates when production is high and prices are rising to cool the economy not when there are no products and need to economy to recover. It was and continues to be this stupid decision irrespective of what employment consumer spending ans gdp showed. The ironic part is constantly on the news we hear that these are uncertain and unheard of times where the damn rhetoric is we will need to adjust and act accordingly yet at the same time even now world leaders continue to want to follow the conventional we will wait to see when there are two or three contracted quarters to declare a recession and then say so thereby cutting interest rates???? Soft landing no recession??? Are you kidding me with prices sharply up 0 things through the supply channel and those things that were coming through substantially higher because that was all there is??? Who raises rates to slow production in which businesses need to open up many going down. People will not entertain a business with loans being high and those with them that are paying struggle to do so so what happens they need increase costs to not only pay any loans but staff equipment property etc and as mentioned people with mortgages and personal loans outside of medium to big businesses are struggling as well. This should have never come to this at all. The rates should have been low if not cut a long time ago but nope all this bs avoid recession soft landing banks really well leveraged will allow for this look where things are. Not rocket science geniuses you have 0 economy coming off a pandemic call it even negative economy as anaylsts were saying it will take 10 plus years to get back to pre covid level and you say there is no recession use the same metrics when the circumstsnces are normal yet we are in unprecedented times and unchartered waters?? Are you guys really that stupid and serious you dont raise rates in a recession and that is what we have been in quite some time. If the rates were down there would be more things through the supply chain more things opening up and less of what we have been seeing. In any case a recession will more than likely be called not sure why both the Canadian and US need to go through stupidly waiting. China has already cut their rates this is way too long coming but it is inevitable as we were and have always been in a recession and those who called it as well as all this talk about the bs soft landing have been right all along. The boogey men were those who stupidly decided to keep increasing not cutting rates. Anyways yes people invest gamble on stocks with good stable divie payouts and as long as you dont sell shares at a loss keep collecting the divie looking longer term that is good and what it is about but nobody wants to be out more than the 6 plus percent if they bought at $58.08 higher side or more they will not be thrilled seeing the sub $55 and that too $53.03. I happen to pay that $58.08 and then the collapse but i am very bullish on CIBC and generally banks looking longer term however ironically i held 2 other dividend paying stocks that were down 10 percent and have been down for over a year and this got there more or less trading sub $55 but i will keep adding. One was a real estate stock the over a bmo cover call utilities based series. I was quite certain CIBC would make it to $60 this year if not first quarter the following one lol but with all this toxic loans lot of which is mortgages tied to real estate thinking it will clear faster than the real estate stock rebounding i dumped that for this lets see how it continues to go but i do agree banks will always make money however have to deal with toxic debt although this is going to take some doing and time. I just shake my head at real stupid decisions by central banks that led to all this!!! But onwards and upwards once rates finally get cut that is inevitable. If there are still good fixed gic of 3 plus percent tie them down longer term i suspect rates will be cut to below 3 percent but who knows for sure they may remain up there after cutting from what 5 or 6 real inflation is over 10 for sure so this is always a losing proposition even when rates are down and why people gamble with stocks. Anyways yes if looking long term it is all about the divie if not then pick your sell points. I try to explain this to my Dad if as this went from $56 to $58 and you are happy with $2 per share regardless of whatever percentage take the profit on a determined amont. If you want to control losses and you dont want more than a buck set your sell at $55. I was saying sell some if it hits that. He likes to try to look at graphs to try to figure out the range you sort of can when you track it but it is far better to pick points rather than trying to project movement and doing so continuously to fix your determinents vs always readjusting them. Now if we are looking at $55 ok sell $56 or 54 dont keep waiting. Having said that if people are doing 5 percent stable gains not trading they are doing quite well. Most even trying to trade average 8 to 10 percent so people who scoff at 20 percent gains looking for 100 plus on everything dont understand the power of 20 percent and even the double as they myself included look for 4 to anywhere as high as it can go. Build wealth systematically will be more certain and likely than looking for pennies on the dollar and selling over ten times the bought price and this is why many people average low they may make handsomely on some but lose heavily on others like me. So i know by personal experience pick your points protect your principle take it out as fast as you can ride the rest. Now if looking longer term on divie well on one calculation if one looked longer term i am talking 20 years on a hypothetical i gave to my Dad on the 17th year all the cost of the stock would have been paid if you held the whole position so everything on top would be gains not loss regardless of share value so the plan as you said is all about the divie for those who look that way but not for those who dont. In any case when rates are cut this as well as stocks overall should keep rising however they do. It is tough all across the board for all stocks but if the goal is to get money as someone i know tells me take what you can get and limit loss if it is about waiting the market out well either hold or if possible just keep averaging on a fixed planned interval whatever planned amount dollar cost average but people need to be clear what they want and will tend to be more successful sticking to what they plan vs not following it again i speak from experience however this is my opinion as a non qualified lay person. Times are tough every stock is seeing limited growth and stubborn resistent points. Glta