TSX:TNT.UN - Post by User
Post by
giovincoon Oct 26, 2023 6:56am
289 Views
Post# 35701585
WOW
WOWIt seems that a market crash has begun. I have some investment overseas in Asia and that market is also dropping like crazy every day.
An interest cut is imminent. We are heading into a recession with massive layoffs already happening.
Everything is on sale now that I don't have enough cash lol.
The only difference is that there will be some bankruptcy filings and the ones that will survive.
I am using a 1.5% monthly dividend to reinvest so that my holding is 18% higher in a year or so.
Not sure what national bank analysts are doing rating this stock to underperform at the $1.25 target, which probably caused the recent crash. Most of my friends work in the investment banking sector in Toronto and National Bank is the last place any of them would work after Goldman Sachs, Blackrock, CIBC, TD, Scotiabank, BMO, CPPIB, OTPP, UTAM, etc. The national bank probably sold off their holdings because they were short on cash.
Anyway, I don't think you can kill a cash cow with manipulation because cash is king.