FormerXBC Inc XEBEQ

Market is comical

[Gann999]

yesterday up big rope people into thinking they are buying cheap then the next day body slammed into oblivion.

[opsd1]

Now the market is cheap while those same people panic sell at a loss.

[ferret_ca]

you are wrong, the market is in the process of rerating it's multiples lower, just as it rerated it's multiples higher as we came down to very low rates and stayed there for a long time.  for years when rates were higher utilities basically traded at 10x multiples for what seemed like eternity then rates came way down to basically  to 0 and their multiples slowly graduated up to

[Gann999]

Or perhaps people will start selling homes which is exactly what we need more supply and put the proceeds from their overvalued house into the stock market

[Zebec2021]

Yeah that's right .......then they can live where?.

[Gann999]

Well when your house is mostly paid off and worth 40 percent more than it was 2 years ago it's pretty easy to sell your 900k home and rent for 2 or 3 years on the sidelines while house prices fall back to earth as interest rates rise. Over that 3 years what do you do with the lump sum of 100s of thousands of dollars you now have in your bank account maybe put some into a market where many

[treehill]

If you sell your house and rent, expecting higher interest rates to reverse that 40% gain in housing prices, you'll be waiting a long time. It isn't going to happen.

[Gann999]

If you say so. By the way prices are already down 5 percent from a month ago and sales way down.

[filoux004]

Well said ferret, I feel sorry for investors who listened to analysts, bnn and others and bought XBC at 4,5,6,7,8,9,10,11. Peace

[Gann999]

feds raised half a percentage point dear God nothing is worth anything anymore everybody panic. Maybe tesla is not worth 4000 times earnings lol.

[tamaracktop]

Ha. The day isn't over. I still maintain there's tremendous support below here. The market's throwing the babies out with the bathwater today. Some of those bids underneath will probably move higher this afternoon with the Dow down 1,100 points and the Nasdaq down almost 700 now. The markets are likely to stabilize this afternoon, if not recover some. I'm not worried about

[tamaracktop]

That was at 1 o'clock this afternoon. The sky was falling There's no doubt some people panicked. Panic leads to irrational behaviour. The Dow ended up closing down 1,063 and the Nasdaq closed down 647. The markets stabilized, at least for now. Xebec gave back 12 cents of the 15 cents it gained over the previous 5 sessions. In the greater scheme of things..big deal. Are you a trader

[tamaracktop]

Relative strength via technicals. Xebec traded at its early low at $2.17 at 10:05. From 10:05 to the close, the Dow dropped 446 points, or 1.3%. The Nasdaq dropped 241 points, or 1.9%. Xebec dropped one penny. Less than half of a percent. Big deal. You might have been worrying all day, I wouldn't know. If you were, your worrying was wasted. You have more important things to worry about