Financial 15 Split Corp T.FTN

Investibility

[Bankman7]

As we  seem to be on the same page , it's why l have addressed this post to you. This crash in FTN is just sheer panic selling frenzy , and l believe they will love to regret it. Over many years of following and investing in the market there are many companies and sectors that routinely have a premium to NAV.Banks , CDN , the Tech sector , Minerals when applicable. This pullback is an opportunity for those who believe in buying when there's blood on the streets and selling when it's high. Today , watching Market Call , BNN and yes l am aware that many of their guests take questions about Stocks they know absolutely nothing about. Lorne Steinberg was on , one of the better more informed guests that BNN invites.He is both bullish on Canadian and big US banks. This market correction is way over done , we can blame the FED , the BOC , and rightly so but as all good things come to an end , so does all bad things if the sector is both solvent , profitable and warrants it. The Financials fit that criteria ,and we better hope so. I could pout that l bought yesterday and have no resources left to further invest as FTN is already a serious overweight  but it still has good coverage and we are getting alot of extra shares per month if reinvested. I intend going nowhere and have what it takes to ride out a short term Bear market on the Financials. The time is coming when both the US and CDN Central Banks will come to their senses and see that their policies are ruining the Economy and the Market as well as punishing hard working citizens who are losing their homes and jobs. And their Hope.

[Investability00]

I see what you mean by blood on the streets. And yes it is the time to buy for the seeable future. I'm 71 and seen many ups and downs in the market. I used to read out the prices of my Dad's stocks at the dinner table when I was 10. GE about 13¢, IBM 19¢ etc. In 1975 I bought a mobile home with 13% interest. I don't worry about the Bank's here in Canada. It is time for

[Golferman]

I believe you will see the bottom tomorrow morning. Just after open.  golferman

[es25]

I think a lot of margin calls are causing the downtrend?

[TheeRook]

 There is a reason the provincial bankers wnet to the Federal bank to stop raising rates.   Loan delinquencies are rising.    Canadian banks are most at risk of  mortgage defaults. Is Canada at the highest risk of mortgage defaults? Canada At Highest Risk Of Mortgage Defaults: IMF In a comparison of 38 advanced economies by IMF, Canada had the highest level of

[mtloly]

Provincial bankers? lol it was nothing but a populist move by premiers, who should have absolutely no influence. In any event this move is either very premature and wrong or omniscient.