RE: Why Canadian Resource Stocks are Weak All the fundamentals of COS and all of your fancy calculations mean nothing - IF YOU MISS THE MACRO PICTURE
This is essentially code for "I don't understand any of the math behind understanding how to value a stock, therefore I am going to substitute my ignorance with confident assertions about foggy geopolitical movements".
It is because overseas money in Europe and Japan has been moving money into US dollars and out of economically leveraged currencies and out of their own currencies.
Again, another stupid comment...the US stock market doesn't go up or down because money moves in or out of it. The stock market can wipe a trillion dollars out of existence in the space of 5 seconds without a single dollar moving out, similarly. The stock market movements are 100% supply and demand and all that has to happen is for nobody to be willing to purchase a single stock.
Trying to claim that Canadian energy and oil stocks are down because there has been a flight from unsafe currencies to US dollars is also completely stupid. Canadian mining stocks are down because the bulk of their weight is in gold and silver mining...gold and silver mines are down for precisely the opposite of what you are describing. The underlying commodities are sagging and many project them to continue sagging not because of global weakness and fear, but for precisely the opposite reason. Canadian oil producers are down for many reasons...most of which aren't rational. That won't stop them from making money hands over fist and growing their dividends over time, which is a perfect Jeremy Siegel recipe for a stock worth hanging onto for the long term. There are risks, but everyone on this board understands them far better than you Thim.
Quit posting here you, are a complete moron and the sooner you come to realize this the better your portfolio will perform.