Post by
thenewsnake on Aug 16, 2020 11:20am
SAPHO says
"This panademic is real and we will face another shutdown in Fall".
You do realize there's 17 people out of 14 million currently in the hospital of C19 currently, which is a percentage that basically is zero. More people get injurred from coconuts falling on their heads. You should get out on Yonge street, the lineups to get into some patios are insane. I wouldnt disagree about a lockdown happening again because these elected officials have drank the coolaid.
Comment by
Sapho on Aug 16, 2020 11:48am
Forget about US. Look at EU and UK. More restrictions and lockdown are taking place in summer. REI.UN will be in 10's and they will be forced to cut div. Market does not think the div is sustainable and with evental lockdown cominng as soon as school opens. Best place to be in Cash.
Comment by
thenewsnake on Aug 16, 2020 12:32pm
Despite headwinds that face the sector, we are at record low rates and printing of money for years to come. That would counteract the weakness when you get a 0.8% GIC
Comment by
Sapho on Aug 16, 2020 12:56pm
First of all, they were my clients before I retired. I will be happy to comapre net worth with you. You have no idea. My annual income is over 450K from stock market. I would like to preseve my captial and I take thoughts of someone who is involved in this sector seriously.