TSXV:RHT.H - Post by User
Comment by
MannyLudeson Mar 12, 2020 4:06pm
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Post# 30801016
RE:RE:RE:RE:RE:RE:WORST CRASH IN HISTORY ĆOMING
RE:RE:RE:RE:RE:RE:WORST CRASH IN HISTORY ĆOMINGHow do we know when we found a bottom? Any indicators to watch (support ect.) Or simply watch the market sentiment in general and wait a couple days of stable market conditions?
Takeactionnow wrote: "Position yourself accordingly" refers to SELLING and holding cash, which is what I was doing yesterday. I will not be buying anything anytime soon.
TheResurrection wrote: Right on . Even the Royal Bank which I think is one of the better banks was down almost 5% again just today alone. That is her whole yearly dividend gone in one day . And that is after her retraction in the last few weeks from $109 !!!
Canadian banks themselves could end up being in big trouble if this oil war is not settled soon as they have lent a lot of these oil companies a lot of money which the banks will have to eat if the oil companies go under. And this is not adding in all the loan losses that may show up on their books because of mortgage default as so many Canadians right now are over extended compared to their income.
This is why the government made all the banks raise their "loan loss provisions " a few months ago.
It is not looking good for the banks here .... or Canada.
And as far as the "crash " .... we will see as this could just be the very beginning here right now. There has never been anything like this before where whole countries have gone into "lockdown mode" ( Italy ). It is unprecedanted so we have no idea where the markets bottoms are going to be this time around.
And in the U.S. Trump has now stopped all air traffic from Europe today . This also has never happened before .
And you also said to " position yourself accordingly even if it means taking a loss on some things today for opportunity down the road " . So if you truly believe this then show me your "buys" to show that you are "positioning yourself accordingly " ... because I am buying nothing right now until the markets have bottomed out and they are not even close to that yet .
In a few months time all the big companies are going to be releasing their financials again and watch what happens then with the markets . All the "big boys" are getting killed right now and their financials are not going to be pretty !!!
Anyways show me your "buys" if you are truly buying and "positioning yourself accordingly " as you state in your post below because I don't believe it as I think that you are one of the smarter ones on this bullboard !!! Takeactionnow - (3/11/2020 4:20:12 PM) RE:WORST CRASH IN HISTORY OMING Your comment is fair enough, but the headline is an exaggeration. Have a look back at historical price movement and you will see that we are nowhere close to prior declines (even if this goes a lot further). You have to compare percentages, and not absolute numbers. Going back to the 1930s, the economy's structure and tools to deal with economic issues were markedly different, quite apart from the understanding of governments and economists. Luckily, central bankers study these things, and react accordingly. While this is likely to get worse, it is by no means the end of the world. Position yourself accordingly (even if taking a loss on some things today) for GREAT opportunities down the road. What you really want to look for is dividend growth stocks that are beaten down in price. Long term, these are hard to beat.