TSX:REI.UN - Post by User
Comment by
R013013Con May 13, 2020 3:09pm
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Post# 31023901
RE:Big Question?
RE:Big Question?The stock market has not reflected the current state of the economy, if it did this investing this would be much simpler in my opinion. It seems the Canadian anf American governments are willing to do what it takes to prevent this crash by propping up the markets and i'd guess they'll be dumping more cash.
Either way, my plan is to average down on the stocks i've chosen to hang onto during this onslaught.
BlueGuitar1 wrote: hello Friends,
Have you noticed that everyone on social media and in the news is saying that we will have another big market downturn? How likely are they correct when everyone is saying that? The market does not work that way, does it?
My thinking is that the Central Banks are very powerful and with their financial tools, they are going to inflate the stock market. Just a little good news and there will be a short squeeze.
I have noticed that there is a lot of car traffic over the last two days. Must be a lot of people going back to work.
When the Uber driver says he is buyning stocks, time to sell. When everyone is saying be fearful and sell, time to buy. Thoughts? And Thanks. Appreciate all you posts.