TSX:AX.PR.E - Post by User
Comment by
Torontojayon Dec 11, 2024 5:11am
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Post# 36356008
RE:RE:Canada’s unemployment rate
RE:RE:Canada’s unemployment rate
DZtrader wrote: What a hero, now and try get something that isn't consensus. Think most people saw this coming from the CAD side.
You also quite wrongfully proclaimed the S&P would retrace 30 percent shortly after the Fed's first cut .............OH, you meant gain 30 percent, I see. Minor miscalculation. I just know you're going to deny it and feed some bs garbage and change the subject. Wrong as usual tj.
As for Canada continuing it's down turn not sure it takes a rock scientist to get that call right. I'll give you another zinger, if your hero Trumpet follows through with straight across 25 percent tariffs here, our economy will take a very very hard hit. I don't forsee this but the temptation for him to pick on a weakling to make himself look good may prove too strong to resist.
Oh yes, add reitman to the list of multiple accounts which by my count now sits at least at 4, probably more.. Lame as you get.
You are a liar google boy. You said the yield curve is not going to work this time. I guess it worked perfectly fine with Canada's economy when I told you repeatedly NOT to ignore the yield curve. Let me repeat again because I think you are either blind or a few bricks short of a house. I said that the average drawdown of a pullback during a recession is 30-35% and this typically occurs AFTER they cut interest rates and the economy in a recession. Give it time to play out as the US is still treading water and cracks are starting to emerge. If the unemployment rate continues to move higher and gdp turns negative then I can assure you that the stock market will not do too well. The valuation on the S&P is like a 3 standard deviation event. If you believe in mean reversion then the stock market shouldn't remain this expensive over time. Fundamentals do not predict the short run but they tell you what to expect in the long run. Of course you probably don't understand any of this because you're as dense as a brick, not to mention a few bricks short of a house.
Have a good day Mr Google.