RE:RE:RE:RE:RE:RE:RE:RE:Cad : USD
flamingogold wrote: No one can time a market, it's time in the market that counts. Waiting for a crash to buy is less profitable than missing out on the best days in the market. I know this won't change a bear's mentalilty as yours but this article, while a few years old, is nevertheless timeless and true.
https://www.cnbc.com/2021/03/24/this-chart-shows-why-investors-should-never-try-to-time-the-stock-market.html Torontojay wrote:
nedstar71 wrote: Lllennn wrote: McDonald's is reconsidering its pricing strategy, after customers cutting back their spending took a bite out of the fast food giant's sales.
No doubt. Not that that has anything to do with Reitmans mind you but no question their customers are pulling back and should be, their prices have gotten way out of hand. A 10 piece McNugget 'value' meal with tax is well over $19....a lowly Big Mac meal over $15. They pushed it too far and drove many away.
Big economic crash is imminent.
Yield curve is close to uninverting. Now is the time to be defensive and a time to have some dry powder.
Reitmans is in a bad spot here with retail that is currently getting pummeled and that's in nominal terms. It is even worse when you look at total volume transactions. The turnaround is a long time away.
Canada has become uninvestable.
You can time the market as I did with real estate. Buy at the right time and get out at the right time. I called a housing bubble in 2021 and predicted prices would fall much to several naysayers who disagreed with me. I was eventually proven right and home prices did in fact fall.
Oh and btw the carnage is not over yet. I think the stock market and specifically the Nasdaq and the S&P are going to be next.
The Canadian market is actually pretty cheap from a fundamental point of view. It's trading at recessionary levels anyway.