Author Topic: The money thread (Read 539052 times)

mmret · « **Reply #760 on:** October 14, 2014, 10:37:46 pm »

Quote from: rrocket on October 14, 2014, 07:55:18 pm

Quote from: Snowman on October 14, 2014, 07:54:06 pm
$0.80 loonie and $80 oil.

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

Actually
1. a big chunk of it is fixed c/L tax... about 28c/L in Ontario.
2. the CAD has been selling off as well
3. GTA 91 is down from like 1.52 to 1.37 last time I gassed up which was Friday or Saturday...should be lower now.

Everything is in line.

No complaints.

mmret · « **Reply #761 on:** October 15, 2014, 08:44:33 am »

Game over man, game over!

Code: [Select]

 	Date Time	                        Event	                        Period	Surv(M)	Actual	Prior
 	10/15 07:00	 	 	 	MBA Mortgage Applications	Oct 10	--	5.6%	3.8%
 	10/15 08:30	 	 	 	Empire Manufacturing	Oct	20.25	6.17	27.54
 	10/15 08:30	 	 	 	Retail Sales Advance MoM	Sep	-0.1%	-0.3%	0.6%
 	10/15 08:30	 	 	 	Retail Sales Ex Auto MoM	Sep	0.2%	-0.2%	0.3%
 	10/15 08:30	 	 	 	Retail Sales Ex Auto and Gas	Sep	0.4%	-0.1%	0.5%
 	10/15 08:30	 	 	 	Retail Sales Control Group	Sep	0.4%	-0.2%	0.4%
 	10/15 08:30	 	 	 	PPI Final Demand MoM	Sep	0.1%	-0.1%	0.0%
 	10/15 08:30	 	 	 	PPI Ex Food and Energy MoM	Sep	0.1%	0.0%	0.1%
 	10/15 08:30	 	 	 	PPI Final Demand YoY	Sep	1.8%	1.6%	1.8%
 	10/15 08:30	 	 	 	PPI Ex Food and Energy YoY	Sep	1.7%	1.6%	1.8%
 	10/15 10:00	 	 	 	Business Inventories	Aug	0.4%	--	0.4%
 	10/15 11:00	 	 	 	Monthly Budget Statement	Sep	$90.0B	--	$75.1B
 	10/15 14:00	 	 	 	U.S. Federal Reserve Releases Beige Book

Patrick_D1 · « **Reply #762 on:** October 15, 2014, 09:08:02 am »

Quote from: Snowman on October 14, 2014, 07:58:41 pm

Quote from: Northernridge on October 14, 2014, 07:56:11 pm
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.

I'm down 5% in the last 2 months...

Luckily I've got a long time to wait.

wing · « **Reply #763 on:** October 15, 2014, 09:13:09 am »

But up 20% for the year. Looks bad but in the grand scheme still up.

huota · « **Reply #764 on:** October 15, 2014, 09:18:56 am »

There's blood on the streets and the fear & greed index indicates "extreme fear". Time to keep it cool.

wing · « **Reply #765 on:** October 15, 2014, 09:30:05 am »

Time to buy buy buy!

Serniter · « **Reply #766 on:** October 15, 2014, 09:37:51 am »

Dow down 1.8%?! All this thanks to Germany?

mmret · « **Reply #767 on:** October 15, 2014, 10:00:18 am »

Quote from: Serniter on October 15, 2014, 09:37:51 am

Dow down 1.8%?! All this thanks to Germany?

Germany is not the story today. not even remotely close.

Northernridge · « **Reply #768 on:** October 15, 2014, 10:10:27 am »

Patience. Too soon to buy.

Carnage ahead.

Grasshopper.

Snowman · « **Reply #769 on:** October 15, 2014, 10:52:20 am »

"look out below"

Serniter · « **Reply #770 on:** October 15, 2014, 11:18:00 am »

Quote from: mmret on October 15, 2014, 10:00:18 am

Germany is not the story today. not even remotely close.

What is the story today? Although it looks like markets are recovering.

mmret · « **Reply #771 on:** October 15, 2014, 11:56:37 am »

Its in my earlier post.

blotter · « **Reply #772 on:** October 15, 2014, 12:04:19 pm »

if I had cash I'd be doing some buying.

there's some pretty good deals out there now, but it's not as bad as they're making it.

some stocks are buncing down but back up a little making not such a big drop.

I think we'll see some more small drops but not too much. For me, I've got time, so even buying now and seeing a small drop, I can recover.

today's story is FEAR and PANIC.... there's just so much "concern" all coming together for the perfect fear storm.

Consumption is low (generally and oil)
Europe is said to have a 50/50 chance of going back into recession
Germany
China is said to issue more stimulus as inflation keeps dropping
Japan is another concern
Ebola is now on the lips of some
We still have some issues with Russia / Ukraine
ISIL / ISIS - whatever you want to call them

People are not spending money and businesses who are flush with cash have not invested the cash in rebuilding inventory / machines / etc.... nor have they used the cash to create jobs.

there's a realization that much of the world's economy has been on life support with Governments printing paper and creating stimulus.... while stocks have gone up since 2009 - aside from the US, much of the rest of the World hasn't really changed much and Governments want to start getting out of the printing business.
They can't.... fears they will are partly causing a panic.

It seems Gov stimulus / printing is the only thing keeping the economy a float

Northernridge · « **Reply #773 on:** October 15, 2014, 12:12:44 pm »

Quote from: blotter on October 15, 2014, 12:04:19 pm

if I had cash I'd be doing some buying.

there's some pretty good deals out there now, but it's not as bad as they're making it.

some stocks are buncing down but back up a little making not such a big drop.

I think we'll see some more small drops but not too much. For me, I've got time, so even buying now and seeing a small drop, I can recover.

today's story is FEAR and PANIC.... there's just so much "concern" all coming together for the perfect fear storm.

Consumption is low (generally and oil)
Europe is said to have a 50/50 chance of going back into recession
Germany
China is said to issue more stimulus as inflation keeps dropping
Japan is another concern
Ebola is now on the lips of some
We still have some issues with Russia / Ukraine
ISIL / ISIS - whatever you want to call them

People are not spending money and businesses who are flush with cash have not invested the cash in rebuilding inventory / machines / etc.... nor have they used the cash to create jobs.

there's a realization that much of the world's economy has been on life support with Governments printing paper and creating stimulus.... while stocks have gone up since 2009 - aside from the US, much of the rest of the World hasn't really changed much and Governments want to start getting out of the printing business.
They can't.... fears they will are partly causing a panic.

It seems Gov stimulus / printing is the only thing keeping the economy a float

Blotter predicts the bottom. I think you could be right and that you are likely better informed than me. I'm betting that Canada drops further based on the strong USD/weakening commodity prices.

blotter · « **Reply #774 on:** October 15, 2014, 12:16:48 pm »

Quote from: Northernridge on October 15, 2014, 12:12:44 pm

Quote from: blotter on October 15, 2014, 12:04:19 pm
if I had cash I'd be doing some buying.

there's some pretty good deals out there now, but it's not as bad as they're making it.

some stocks are buncing down but back up a little making not such a big drop.

I think we'll see some more small drops but not too much. For me, I've got time, so even buying now and seeing a small drop, I can recover.

today's story is FEAR and PANIC.... there's just so much "concern" all coming together for the perfect fear storm.

Consumption is low (generally and oil)
Europe is said to have a 50/50 chance of going back into recession
Germany
China is said to issue more stimulus as inflation keeps dropping
Japan is another concern
Ebola is now on the lips of some
We still have some issues with Russia / Ukraine
ISIL / ISIS - whatever you want to call them

People are not spending money and businesses who are flush with cash have not invested the cash in rebuilding inventory / machines / etc.... nor have they used the cash to create jobs.

there's a realization that much of the world's economy has been on life support with Governments printing paper and creating stimulus.... while stocks have gone up since 2009 - aside from the US, much of the rest of the World hasn't really changed much and Governments want to start getting out of the printing business.
They can't.... fears they will are partly causing a panic.

It seems Gov stimulus / printing is the only thing keeping the economy a float

Blotter predicts the bottom. I think you could be right and that you are likely better informed than me. I'm betting that Canada drops further based on the strong USD/weakening commodity prices.

don't take my word for it!
just throwing around what others are saying.... trouble is, I can read 20 articles about the markets / economy and nobody will agree. 10 will say we're in trouble and 10 will say time to buy before it turns around. That's why it's all like gambling..... nobody really knows.

Northernridge · « **Reply #775 on:** October 15, 2014, 12:18:41 pm »

^Chops to you and an applaud for stating a position.

wing · « **Reply #776 on:** October 15, 2014, 12:24:39 pm »

I'm the same way. I've been sitting on a 100k of cash for 10 months now waiting for a drop and now might be my ticket.

dougjp · « **Reply #777 on:** October 15, 2014, 01:25:26 pm »

Looks like the day traders and attempted bottom pickers had their action this morning for an hour or two, but now they got burned too, TSE down 275. My daily losses keep escalating.

Snowman · « **Reply #778 on:** October 15, 2014, 01:29:42 pm »

My cash pile in Tangerine is looking good right now at 1.3%

dougjp · « **Reply #779 on:** October 15, 2014, 01:42:06 pm »

Quote from: Snowman on October 15, 2014, 01:29:42 pm

My cash pile in Tangerine is looking good right now at 1.3%

A suggestion, it would look even better elsewhere, have a look;

https://www.highinterestsavings.ca/chart/

I use Canadian Direct Financial (which has a clunky eft system), People's Trust (who are great, and have the best TFSA savings) and Canadian Tire Financial (who also have a great eft system). I avoid all the Manitoba Credit Union backed savings accounts, only dealing with CDIC backed banks, as these three are.