%% USUALLY\ but last day of month for SPY was down a bit more than history average.......................... State Farm sheet on thier mutual funds, noted low oil[$30-40/+] was bullish for stock market/turned out correct. [People put saVings in market. So even if feds cut gas tax+oil corrects to $80.888 or 77.777; [$20+ uneeded spec premium as XOM has noted] tough for stock bulls in MAR, maybe!!. NOT a prediction.............................................................................Canada is very important even though thats dumb/ to stop minting pennies\LOL
This is the first post I see in this thread, so I'm so fucking confused. BRB going to see what I missed by signing out
Ahh I see now, it's Mr Rear_Ender again. That Penny-stock pumper on these forums who likes to brag how much a genius he is because his failing penny stock went up a few pennies, therefore he's smarter than Buffett, Munger, and everyone else combined. I guess even TicTokers can make winning trades ehh? Thank goodness he put me on ignore because I was ignoring him.
If Canadian markets and companies are doing really well ( the earnings bests were massive this quarter so far ), the chances that US markets are about to crash is negligible. Canadian results are somewhat of a proxy on the health of the NA economy in sectors other then IT ( because IT has a small weight on our index ).
%% Maybe right.............................................................................. BUT 200day moving average proves its a bear move for SPY + QQQ benchmarks\ SQQQ, SPXS,sds, SPXU are closing + keep closing above 200dma/ so like Jim cramer says ''always a bull market somewhere''
He is just looking for attention. Ignore him and he slinks back into his hole. ET trolls like him serve no useful purpose, being useless slugs they are.
Do you recall how bloody big Canada is? If it fell into a sinkhole, it would take 20% of the world's oceans into it. I guess sea-level rise and coastal flooding would no longer be a concern, so we could burn lots more fossil fuels! WOOHOO! Honey, light up the charcoal BBQ!
Ukraine has a GDP the tenth of the size of Canada. Yet the whole world cares a lot about Ukraine these days. Somehow I think it would be an even bigger deal if Canada was under siege for a number of reasons. Imagine the drama for some on here if Russia shared a huge border with the US and had a 1000 missiles ready to go aimed at various US targets. Is that the world these online goofs want, or can they learn to get along and respect your supposed allies ? Trump did far more damage then people realize.
I think the reason for that is very simple. Canada produces virtually nothing other than commodities. A very large chunk of the GDP is made up of resource extraction and property/home flipping. The financial and telecom sectors in Canada are so highly protected by the government that they can charge virtually anything to customers and get away with it for lack of competitive other choices. Example: I know of no other banking system in any developed market where a retail bank charges monthly fees to hold customer funds in checking accounts. RBC does exactly that. TD and CIBC and Scotia Bank offer fee waivers for balances above certain levels. RBC stubbornly refuses doing that. Then, internet services are the highest in the world here in Canada. I pay 120 Canadian dollars for a 150megabit/s connection in a larger town. Nowhere is internet more expensive than in Canada. No surprise then that those banks and telecoms are taking advantage by forcing customers to bend over for lack of other choices. That is pretty much all that summarizes the Canadian economy. The few butchers and car parts suppliers really don't move the needle. Were commodity prices going in the opposite direction in the past 2 years then Canada's equity market would look very different today. Canada's economy is not healthy by any measure. In fact Canada's growth in debt in all three categories, government, corporate and households, is the highest in the entire world. Clearly Canada's equity market is not held together by healthy corporate earnings and a healthy economy and private sector but by sky high commodity prices and an unprecedented debt binge. Most single family home valuations outside large cities can be comfortably cut by 20-30% and they would still be way above fair value. A 700k home in towns with 50k-80k populations is worth not a penny above 500-550k, the spread is nothing but hot air, not even caused by low supplies or increased demand. It is only because landlords sit on their homes knowing that doing nothing will push prices further up. A lot of people also bought 400k homes, invested 50-70k into upgrading the kitchen and a few bath rooms and then list the house months later at 650-800k. Of course very few buyers bite and hence those homes either sit for months in the market without a single transaction or the seller removes the listing if nothing happens within 2 weeks or so and then re-lists again another 50k higher or so. This has been going on for the entire past 4-6 years since 2016. I am not even talking about Vancouver or Toronto but about the rest of the country. Demographics in smaller towns have not changed at all over the past 6 years and neither have those towns grown in any meaningful way.