RE:RE:RE:RE:Markets" Look at the state of the TSX and Venture exchanges. The crash is only starting..."
So far this is simply a much needed correction with a possible drift into bear market territory. A crash involves 30% or 40% drops but likely many here were too young in 1987 (or not born) to recall that particular debacle. Yesterday, three of my boring dividend holdings actually had modest gains. TRP, NWC, and AP-UN. In general I don't hold weed stocks or tech stocks or blockchain or crypto or ETF flavours of the month but I sympathize that they have all suffered mightily along with their investors. SVA and GENM are my only risky holdings and a modest part of my portfolio. Okay, in all honesty I might have overdone the SVA just a bit. Lol. So far, SVA is holding up while GENM is going south. I'm not suggesting there couldn't be a full blown crash but I really don't expect it to transpire right across the board. If you've allowed risky (exciting) stocks to dominate your portfolio then it could certainly feel like the beginning of the end, but sorry, that's not happening, at least not just yet. Crypto is crashing and that could lead to retail sell off in other areas but the Oracle of Omaha already warned about crypto. This isn't directed at anyone...it's just the observations of an old fart. Lots of solid dividend paying companies out there (pharmaceuticals included) flush with incredible amounts of cash. I'm posting this before the opening so if a 600 point drop occurs today, you will have every opportuniy to castigate me at will.
BTW, last May (2021) the TSX sat at 19,300, about 400 points less than yesterdays close.