Dividend Growth Split Corp T.DGS

Will the fedspeak spook the markets again?

[mouserman]

Still holding a significant amount of cash in my accounts, and mostly becuase of the volatility .
Rising interest rates along with record inflation for consumers, is a double whammy. Markets have priced in a .5 % rise announcement, and might be a chance of a bigger one.
Willing to wait until tomorrow to see what develops.

[EdPaquette]

Prepare to move quickly.   After the fed speech prices could move up or down suddenly.   

[mouserman]

Darn , had stunk bids in before we headed into town , but just missed getting a fill. Now I see the commons of DGS trading up over $7.15 Oh well I do not believe the volatility is done, and plenty of time to grab bargains before exdivvy date. Last of my Dgs got taken out today

[EdPaquette]

Just send me your passwords and I'll keep you moving.

[EdPaquette]

Darnn you were right about more buying opportunities.  Good thing you didn't give me the passwords.

[mouserman]

Yes , and I am in no rush to deploy the cash i have back into these stocks. General market selloff again today in a big way... and I had said a while back,  that once the US and Canada start to aggressively raise interest rates, it will cause a significant correction in the markets. Not a coincidence  that it is happening in MAY. Sell in May and go away, may hold true again this year

[StratCap]

  Fed going to raise rates again in June, July and maybe August... .50% each time. The market is correcting because of this. Canada will likely follow suit to some degree.  

[flamingogold]

Canada WILL follow suit... we are joined at the hip to the US. Housing is going to take a beating... a long, long correction is in the works. Many specuvestors who thought housing can never go down are going to feel the pain of negative equity very soon, some already are in it.

[JohnWalker]

This volatility has got me crazy ... down $0.36 in one day and then back up $0.45 in the next two days??? I sold the last of my DGS that I picked up two days ago @ $6.80 for $7.15 earlier today.  Now I'm thinking of maybe going short at the end of the day today if it can get into $7.20's.

[marketsense]

Yes, indeed its crazy.   Couple of things.   Whoever was selling short on Monday,  was covering today creating extreme volatility in DGS The other thing is markets generally were selling off in anticipation of 1/2 point raise so when it was officially announced today,  the markets rallied.  Reason being it was already priced in or discounted by the markets so once the bad