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03-09-2020, 09:18 AM
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Join Date: Dec 2008
Location: At the lake
Posts: 2,614
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Quote:
Originally Posted by fishnguy
Many will need therapy during this and probably after, so it looks like they are on top of it.
Look at this guy though, it appears he is on top of it too:
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I guess the silver lining will be that a lot of Trumps brain addled followers will lose their shirts over this and start wondering if he has in fact been telling the truth all along. 
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03-09-2020, 09:19 AM
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Join Date: Dec 2008
Location: Camrose
Posts: 46,562
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The virus, and the oil price war will both pass, but things could get much worse before that happens.
__________________
Only accurate guns are interesting.
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03-09-2020, 10:32 AM
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Join Date: Aug 2016
Posts: 1,058
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Expect the highly leveraged to start collapsing. Then the domino effect takes over.
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03-09-2020, 10:36 AM
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Join Date: Dec 2008
Location: At the lake
Posts: 2,614
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Quote:
Originally Posted by KinAlberta
Expect the highly leveraged to start collapsing. Then the domino effect takes over.
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You bet.
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03-09-2020, 10:40 AM
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Join Date: Jun 2008
Location: Ft. McMurray and Kingston
Posts: 1,771
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Well, I just pulled the plug - and invested more! Next month, or in May, we'll probably add more into our portfolios. There are opportunities out there  .
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03-09-2020, 11:03 AM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,469
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Quote:
Originally Posted by Mistagin
Well, I just pulled the plug - and invested more! Next month, or in May, we'll probably add more into our portfolios. There are opportunities out there . |
Air Canada looking very nice at $31, but not just yet.....
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Wherever you go, there you are
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03-09-2020, 11:11 AM
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Join Date: Dec 2008
Location: At the lake
Posts: 2,614
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Quote:
Originally Posted by Justfishin73
Air Canada looking very nice at $31, but not just yet.....
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I agree. Travel related stock has got a lot of rough road ahead of it. I think there's going to be a lot better buying opportunity's cuz this has just started.
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03-09-2020, 11:59 AM
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Join Date: Jul 2017
Posts: 4,099
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i wonder how much of a hit it will make when they finally announce the pandemic. Everything points for this to be a long run thing; anyone’s guess how bad and how long. Will 2008 seem to be just a hiccup in comparison? Pretty high likelihood, IMO. Prices were held artificially high for so long, including, and even more so, oil. I have no idea what we are going to do in Alberta.
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03-09-2020, 12:00 PM
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Join Date: May 2010
Location: NW Calgary
Posts: 509
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Quote:
Originally Posted by Trochu
I've been wanting to buy Ford for quite awhile now, curious how low it will go before it bounces back.
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ooooo!. that is a good idea !! I am going to look into this.
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Yes - I am a leather worker. (just ask)
FIVE Leather, Calgary AB
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03-09-2020, 12:19 PM
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Join Date: Jun 2011
Posts: 3,722
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Quote:
Originally Posted by fishnguy
i wonder how much of a hit it will make when they finally announce the pandemic. Everything points for this to be a long run thing; anyone’s guess how bad and how long. Will 2008 seem to be just a hiccup in comparison? Pretty high likelihood, IMO. Prices were held artificially high for so long, including, and even more so, oil. I have no idea what we are going to do in Alberta.
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On the negative side.
Extremely high valuations - check
Bond yields at historical lows - check
Corporate bond spreads widening - check
Repo market madness - check
Election year in the US - check
FED cuts and market still tanks - check
DEBT OUT THE YING YANG - triple check
BLACK SWAN - triple check
On the positive side
Springs coming
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-09-2020, 12:42 PM
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Join Date: Apr 2017
Posts: 9
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Quote:
Originally Posted by KinAlberta
Expect the highly leveraged to start collapsing. Then the domino effect takes over.
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This is the key.
Gas weighted companies may have a better outlook due to the US production. Oil weighted will fall/are falling fast.
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03-09-2020, 01:15 PM
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Join Date: Jul 2017
Posts: 4,099
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Quote:
Originally Posted by bdub
On the negative side.
Extremely high valuations - check
Bond yields at historical lows - check
Corporate bond spreads widening - check
Repo market madness - check
Election year in the US - check
FED cuts and market still tanks - check
DEBT OUT THE YING YANG - triple check
BLACK SWAN - triple check
On the positive side
Springs coming
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Pretty much, lol.
Went outside, -15, super sunny, perfect. Things aren’t that bad. Came back in, refreshed the page... lol.
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03-09-2020, 03:14 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,920
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Quote:
Originally Posted by Justfishin73
Air Canada looking very nice at $31, but not just yet.....
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can and will make new 52 week low. 
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03-09-2020, 03:17 PM
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Join Date: Feb 2008
Posts: 3,158
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Joe Biden Endorses Donald Trump. You cannot make this up. Only in America. Lol.
https://youtu.be/PP6ZLlODW24
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03-09-2020, 03:53 PM
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Join Date: Aug 2016
Posts: 1,058
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Quote:
Originally Posted by lmtada
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The decline and fall of the USA
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03-09-2020, 04:14 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,848
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Quote:
Originally Posted by Justfishin73
Air Canada looking very nice at $31, but not just yet.....
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I will never buy a company that has been bankrupt previously. No Air Canada, GM, Chrysler etc. Leopards do not change their spots.
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03-09-2020, 04:31 PM
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Moderator
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Join Date: Feb 2015
Posts: 8,098
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Quote:
Originally Posted by lmtada
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That's hilarious!
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03-09-2020, 04:32 PM
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Moderator
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Join Date: Feb 2015
Posts: 8,098
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Quote:
Originally Posted by KinAlberta
The decline and fall of the USA
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The rise of Trump. Nothing like having it handed to you.
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03-09-2020, 05:04 PM
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Join Date: Jun 2011
Posts: 3,722
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Speaking of Trump, he’s going to be talking at the virus update. I predict if he appears more worried about the markets/economy and doesn’t do anything meaningful to stop the virus spreading like wildfire, we are heading down. Might get a bounce on a tax cut or some other type of stimulus but it won’t last. Until we get a change in the virus narrative I don’t see any rush to get greedy.
It’s going to take doing what Italy is doing to flip this thing around. Shut the whole country down. Have an extended forced holiday at home.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-09-2020, 05:07 PM
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Join Date: Dec 2008
Location: Camrose
Posts: 46,562
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Quote:
Originally Posted by bdub
Speaking of Trump, he’s going to be talking at the virus update. I predict if he appears more worried about the markets/economy and doesn’t do anything meaningful to stop the virus spreading like wildfire, we are heading down. Might get a bounce on a tax cut or some other type of stimulus but it won’t last. Until we get a change in the virus narrative I don’t see any rush to get greedy.
It’s going to take doing what Italy is doing to flip this thing around. Shut the whole country down. Have an extended forced holiday at home.
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And Trudeau isn't doing anything meaningful to control the virus, or to help the economy.
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Only accurate guns are interesting.
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03-09-2020, 05:17 PM
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Join Date: Jun 2011
Posts: 3,722
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Quote:
Originally Posted by elkhunter11
And Trudeau isn't doing anything meaningful to control the virus, or to help the economy.
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He’s probably thinking of raising the carbon tax.
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-09-2020, 05:24 PM
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Join Date: Jul 2017
Posts: 4,099
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Quote:
Originally Posted by bdub
Speaking of Trump, he’s going to be talking at the virus update. I predict if he appears more worried about the markets/economy and doesn’t do anything meaningful to stop the virus spreading like wildfire, we are heading down. Might get a bounce on a tax cut or some other type of stimulus but it won’t last. Until we get a change in the virus narrative I don’t see any rush to get greedy.
It’s going to take doing what Italy is doing to flip this thing around. Shut the whole country down. Have an extended forced holiday at home.
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The WHO director said today that the risk of pandemic is very real and then downplayed it by saying that this could be the first pandemic in history that can be taken under full control. Lol. They are pulling the string and should have called it for what it is a long time ago.
Italy extended the northern lockup to the entire country.
Russia is in it likely for a long run. They have the resources and virtually no debt. Yes, they will eat dirt for a while, but will try and hurt the American shale as much they can. Wouldn’t you? Saudis will probably start ****ting bricks if they aren’t yet.
The rate drop will do nothing, if they decide to implement another one. In fact, I think the drop last week was a mistake as well. Let her slide. The thing has been inflated for years. There is no way but down. My guess it may very well drop to pretrump levels, it’s that bad. And I very much hope to be wrong, lol.
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03-09-2020, 05:46 PM
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Join Date: Jun 2011
Posts: 3,722
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Trump. Very substantial relief. Very big. Handling it well. Loans. Working with industry. Travel. Hotels. Cruise ships. Tremendous team.
Pence. Unprecedented action. The risk is low.
Trump. Payroll tax cut. Very dramatic. Great economy. Handled it very well.
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-09-2020, 05:49 PM
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Join Date: Jun 2011
Posts: 3,722
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They should string Tedros up. What an idiot.
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-09-2020, 05:52 PM
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Join Date: Jul 2017
Posts: 4,099
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Quote:
Originally Posted by elkhunter11
And Trudeau isn't doing anything meaningful to control the virus, or to help the economy.
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Just wondering, what do people think the guy can do to help the economy?
Edit: beside the obvious stuff, like handling protestors, etc, lol.
Last edited by fishnguy; 03-09-2020 at 06:00 PM.
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03-09-2020, 06:10 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 6,173
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Quote:
Originally Posted by fishnguy
Just wondering, what do people think the guy can do to help the economy?
Edit: beside the obvious stuff, like handling protestors, etc, lol.
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What guy? Trudope? Hmmm let’s see, where do I start?
Pipelines, carbon tax, corporate tax, personal tax, stop ****ing our money away to all over the world...
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03-09-2020, 06:13 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,753
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Quote:
Originally Posted by fishnguy
Just wondering, what do people think the guy can do to help the economy?
Edit: beside the obvious stuff, like handling protestors, etc, lol.
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Seriously? How about having a regulatory process that isn't punitive? Reduce red tape. Stop with the idiotic and ineffective carbon tax, and all the other climate bullsh!t. Stop passing punitive legislation that directly effects the energy sector. Reduce corporate taxes, and taxes in general. Stop being an ideologically driven poof and start managing the country, instead of pandering to every minority and grievance industry with an axe to grind. Don't let the economy be held hostage by unelected FN groups that are cats paws to eco terrorists.
And so on. 'What can he do?'....seriously. He could do his effing job!!!!
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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03-09-2020, 06:32 PM
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Join Date: Jul 2017
Posts: 4,099
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Lol. Sorry, I was referring to this particular market melt.
But if we are talking about it in general.
Well, the best thing for him to do would be to resign.
Definitely disagree with the tax cutting though. Reducing either will be devastating for Canada in the current situation. Just like the Kenny’s cuts for Alberta (though he cut the corporate, and put more pressure on people to make up for it). I am talking about the income tax, not carbon. This is for another thread though. We would be derailing.
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03-09-2020, 06:39 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,753
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Quote:
Originally Posted by fishnguy
Lol. Sorry, I was referring to this particular market melt.
But if we are talking about it in general.
Well, the best thing for him to do would be to resign.
Definitely disagree with the tax cutting though. Reducing either will be devastating for Canada in the current situation. Just like the Kenny’s cuts for Alberta (though he cut the corporate, and put more pressure on people to make up for it). I am talking about the income tax, not carbon. This is for another thread though. We would be derailing.
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Well, yes, he can doing nothing about the current meltdown, but you triggered me... 
As far as taxes, they could be reduced, and we would not run deficits, if the government wasn't so fat, bloated and wasteful. The problem is that the Liberals never saw a 'program' that they didn't want to throw money at. Our government at all levels is really bloated and wasteful. For years 'job creation' has meant more public sector workers, and more, and more bureaucrats, and more waste....but Services and standards of quality did not improve.
I am so sick of waste, and squandering taxpayers dollars. If you put the government in charge of the Sahara desert, they would run out of sand in 3 years. Disgusting.
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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03-09-2020, 06:58 PM
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Join Date: Dec 2008
Location: Camrose
Posts: 46,562
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Quote:
Originally Posted by fishnguy
Just wondering, what do people think the guy can do to help the economy?
Edit: beside the obvious stuff, like handling protestors, etc, lol.
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How about stop attacking the oil industry, and and stop making it as difficult as possible for new projects that would provide employment? And yes, stop the protests, which cost the country millions, if not billions. And stop giving away billions to foreign countries, keep the money in Canada, for Canadians.
__________________
Only accurate guns are interesting.
Last edited by elkhunter11; 03-09-2020 at 07:22 PM.
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