RE: MORE SICKENING GOLDSTER BEHAVIOUR"The company's share price has gone so high and stayed so high that it has no relationship with reality."
In a nutshell Yawnio, there is your reason to sell, as bank prices do not reflect anywhere near fair value at their inflated prices. Factor out goodwill and creative accounting practices and the TD share price is more than DOUBLE what it should be. The reality is that bank prices are what they are and all the bank pumpers should be pinching themselves daily but I would certainly be lightening the load on any rally, as the hammer will fall on the Canadian banks sooner rather than later. I still maintain the market will be in for a very nasty correction sometime late this summer or early fall. Anyhow I do not expect any of the bank pumpers to understand objective rationale but that isn't my problem.
Hey Frankie you are correct in your assessment of Ed Clark. Without a doubt at $9 million per annum he is the most overpaid bank CEO in Canada based on his performance. Wonder how much fast Eddie collected in year end compensation. He possess no exceptional skills. I agree with the University professor on BNN a couple of days ago that the regressive tax known as the GST should be scraped. In fact any consumption tax should be scraped, period! The tax rate should be set at 90% for any money made over $1 million. Whatever money made at under $1 million should be subject to the regular (but revised) tax rate. In no way would a higher tax on exorbitant income affect the performance of CEO's, CFO's, Actors, Athletes, Investors, etc....
I'll answer that question but I doubt that you will grasp my rationale since you are wedded to being a short term trader and I am a long term investor who is content to ride the highs and lows of the companies I own shares in.
Well your answer basically amounted to nothing but I appreciate the effort. An answer from a super bank pumper like yourself was not required but thank you for trying. Now you did make a few assumptions on my trading strategies that are 100% incorrect but that's another post for another time. GLTA