Suncor Energy Inc. T.SU

NAS approaching bear market status as it is down 17%

[Obscure1]

It feels like the December 2018 plunge on interest rate concerns but with more problems. 

Will the teeter totter swing back up like it did in 2018, or will one or more of Covid or Russia/Ukraine or China/Taiwan or N.Korea/S.Korea or Evergrande or the inability to service debt or a widespread and unrepairable breakdown in the electrical grid put the hammer down on the markets?

What a terrible time in the history of mankind.

[MigraineCall]

Yes, agreed. Along with Experienced, I think we will get some higher interest rates, with the market expecting a single 25 bp initial hike announcement.  Also, Ukraine and Taiwan have the higher risk to happen at the same time after the Beijing Olympics, as well as China property debt issues surface after closing ceremonies.  I would not want to own anything other than oil at the

[mrbb]

how about precious metals? Would gold/silver benefit from the inflation and economic turmoil?

[MigraineCall]

No. Gold is how I got wiped out the second time in the 2009 financial crisis.  I got out of most everything ahead of time, buying gold, and call options on gold producers. I was using it to bet that the market was going down which it did.  I was thinking gold would be a safe store of wealth as most others also believed. It flushed with everything else as everyone sold it off to cover

[mrbb]

thanks for your reply on a slightly off topic subject. What i see is you were too proactive on gold and got squeezed out too early as gold has done well the next 3-4 years after the 2008 crash (800 to1800), and yes, oil did even better after crash (~35 to ~130). I can't predict fed's money policy so the price of gold is still cloudy to me but the current oil bull could be a bonanza run as

[quesea]

Never as terrible as WWI &WWII when the Europeans & Japanese relentlessly slaughter each other for no Good Reason Whatsoever !!!  kc

[Obscure1]

59,000 Canadians died in WW! 32,000 Canadians have supposedly died because of Covid so far. In WW1, Canadians stood and fought together for the rights of all Canadians According to the latest IPSOS poll, 20% of Canadians would stop being friends with an unvaccinated person and 40% of Canadians wouldn't let an unvaccinated person into their home.  The survey indicates 52% of those

[mrbb]

as i stated before, the blame game is on the unvaxxed.  SUNCOR ENERGY INC. | T.SU Stock Message Board & Forum | Stockhouse i read 75% of covid death were from patients with 3 or 4 comorbidities, or 95% death from having more than 1-2 comorbidities. Jeez, these patients would have died without massive drugs consumption, kidney machine, heart pacemaker, stent, etc anyway but statistics

[NPCexe]

Florida has had no restrictions for a year now. No discrimination between mask or no mask, vax or unvax. And they're doing great. So are other such states. Nobody hates each other. But we in Canada are in a cult. I will move to Florida if the insanity doesn't stop soon