Topic: The money thread

[blotter]

if you have money, CP might be something to look at.

it peaked after recent announcements they want to double profits... stock prices hit $243.08
value today has dropped to $209.70
and they also pay a nice dividend.

[wing]

I have CNR in my portfolio 

[blotter]

I have CNR in my portfolio

I hope to add them when enough money gets moved over to my Q-Trade account and the price is "right"

CP is a little too rich for me.   

[Snowman]

 

[Sir Osis of Liver]

[Snowman]

Perfect! 

[blotter]

love it.


but put it prespective... down 219 points or -1.519%

far cry from a 5 to 10% correction some are stating is bound to happen.

[Snowman]

love it.


but put it prespective... down 219 points or -1.519%

far cry from a 5 to 10% correction some are stating is bound to happen.

I dunno...start adding up the cumulative losses since the first of September and its looks ugly 

[wing]

Compared to the high but its still high

[ArticSteve]

but put it prespective... down 219 points or -1.519%

far cry from a 5 to 10% correction some are stating is bound to happen.



10 days of -1.5% is ...... -15%

Oilys are there already.  Where/when is the bottom

I love Oilys.  See what happens Monday. I got a good list. 

[Snowman]

$80 oil is here for a long time.

[Arctic_White]

When the market goes down, it's time for me to buy more of it (sell my bonds and buy stocks).

I'm always fully invested and use an asset allocation model that is similar to what John Bogle shares in his classic book.

Snowy, timing the market doesn't always work.  If you're close to retirement then I'd suggest investing more in bonds than stocks.  But always remain fully invested.

[blotter]

10 days of -1.5% is ...... -15%

But it hasn't really gone done 1.5% each day.   Most stocks have been on a huge yo-yo

Take Surge for example...  I watched it for three days.   It would go down, back up, down and back up.
I finally scored it at a price I liked but ended going down slightly more but by the end of the day was right back up.   Yesterday is went down a bit in the morning (not as low as I got it) but finished the day almost where it was 3 days prior.   

Where/when is the bottom

If I or anyone else knows this, I'd be rich! 
it's all very much a bit of a guessing game.  But if history is any indication, the roller coaster always comes back up and keeps climbing while hitting some valleys.    While I might not score purchases at the absolute bottom (because that's almost impossible to know) - I'm essentially hoping and pretty sure that 10 years from now values should be much higher and I've got that time to wait and watch it climb.... when I get to that point (where Snowy is now) that's when I'll look at making sure I pull some off the roller coaster when we're at peak or near peak.

My Andex Chart goes back to 1950
there are no flat lines but the longest potential loss was the crash in 1966 / 1967 - while there was a peak and  drop - the values from 1966 to the crash of 1974 / 1975 ended up at the same low.   That's the longest stretch (8 years) where someone could have ended up with no gains in stock values.  (however you could have earned 8 years worth of dividends).   

There has been no greater gap to "make up the losses" 

[mmret]

I do like those Andex charts. They're really nicely designed. They have some that go back to 1920 or something.

Canadian/US markets kind of cherry picked though. Plenty of equity markets did NOT do so well...and conversely plenty of other nonequity markets did fantastically well (both outright and in risk adjusted terms).

But as a wall decoration its nice to have.

[dougjp]

Glad our market was closed today. South of the border, things were drifting along around break even until the last hour when it tanked, energy shares mostly (S&P Energy down 2.9%). The Saudis suggested they would take $ 80- for oil in order to retain market share (actually they said $ 90-, but in the linguistic interpretation of a possible suggestion someone made, that became $ 80-), which indicates a serious worry by them and a possible policy change for OPEC.

I'm thinking watch out tomorrow.    I got out of everything energy related before now, except CPG and TRP, dumping the last "dog" last week.   

[mmret]

Glad our market was closed today.

It'll just open lower tomorrow (barring an overnight recovery in SPX....far futures are only +7 or so).

[Snowman]

$0.80 loonie and $80 oil. Wish I got out of energy sooner....prepare yourselves. Natural gas is next.

[rrocket]

$0.80 loonie and $80 oil.

Too bad gas pump prices aren't dropping in a similarly dramatic fashion...

[Northernridge]

What I like is this sharp, obvious correction...I hope the market plummets quickly until it doesn't. Looking for a clearish entry point.

[Snowman]

What I like is this sharp, obvious correction...I hope the market plummets quickly until it doesn't. Looking for a clearish entry point.

I think there is three more months of pain yet. I could see 2014 wiped out before its over, -20% or so.