A new respiratory illness, not SARS, appears in China

[Anonymous]

I heard a reason why the markets were being propped up so long was that the Powers that Be were genuinely afraid that a Bernie Sanders or Elizabeth Warren got the Democratic nomination, either might win & stick it to the wealthy & corporations. I suppose that many are Trump supporters but if Biden wins, they can at least live with that cuz he's a moderate who won"t overtax them or soak the rich.



But I agree with many here - that it'd be a disaster for the American economy if Sanders got elected president because he'd overtax the businesses.

This is going to come as a shock to a geriatric broke ass virgin like you, but the POTUS has little to no control over global capital markets. It's good thing you have never had any money to invest, because a fool like you would soon be parted from it.

That is true. Markets will go up over time no matter who the president of the US is, the Chairman of the CCP is or who is hosting the Late Night show.

Smartass. ac_toofunny



Any stock I have ever bought or anything I've ever invested in, I never asked myself who the president of the US is now or who it will be in twenty years.

[Anonymous]

I heard a reason why the markets were being propped up so long was that the Powers that Be were genuinely afraid that a Bernie Sanders or Elizabeth Warren got the Democratic nomination, either might win & stick it to the wealthy & corporations. I suppose that many are Trump supporters but if Biden wins, they can at least live with that cuz he's a moderate who won"t overtax them or soak the rich.



But I agree with many here - that it'd be a disaster for the American economy if Sanders got elected president because he'd overtax the businesses.

This is going to come as a shock to a geriatric broke ass virgin like you, but the POTUS has little to no control over global capital markets. It's good thing you have never had any money to invest, because a fool like you would soon be parted from it.

That is true. Markets will go up over time no matter who the president of the US is, the Chairman of the CCP is or who is hosting the Late Night show.

Geez you folks worship the market like it's a religion.



I equate it with a gambling casino.



Paying homage to the Director of the NYSE is the equivalent of bowing to a croupier or the guy who runs the gambling casino.



They could take all yer savings you put on the table  & you might never see any of it ever again.



BTW, I've actually met people who've lost all their money betting on the stock market or futures.



Someone I know bet all his money in Nortel when it was trading at $100 per share.



Then it tanked and was worth less than a dollar a share.



Today he sells hotdogs on the streets of Vancouver.



He is a real person. His name is Richard I believe. Ive met and spoken with him at his hot dog stand.



Frankly he seems a bit crazy now.



I think his market loss did that to him.



And he had faith ib the Market.



BTW, this not pi, because this info appeared in an article in the Vancouver Province newspaper.



But its a warning whay can happen when an investor gets carried away and fails to adopt a defensive investing strategy.



They can easily get burned & badly if theyre not careful.



The market is not your friend & investment strategy is not gospel.

[Anonymous]

btw this Richard guy has a degree in business administration from university.



So clearly he aint dumb.



And made  enough monet to invest $100,000 in the stock market but lost it all

[cc]

2 above - ^^^ Definitely not Joe's prose



 ac_biggrin

[Anonymous]

Geez you folks worship the market like it's a religion.



I equate it with a gambling casino.

It is how you build wealth, save for retirement, and it is how pension plans are able to pay their retired members and it is why you are flat broke. You never started saving and investing for your own retirement forty years ago like responsible adults do. Now you are just another burden on society that my boy and his girlfriend will have to pay for.

[Anonymous]

Geez you folks worship the market like it's a religion.



I equate it with a gambling casino.

It is how you build wealth, save for retirement, and it is how pension plans are able to pay their retired members and it is why you are flat broke. You never started saving and investing for your own retirement forty years ago like responsible adults do. Now you are just another burden on society that my boy and his girlfriend will have to pay for.

I got $10,000 in Gold Silver Platinum



and $20,000 worth of collectible comic books Herm.



$0 in the stock market.



I just never bothered because I thought precious metals were a safer haven.



Comic book collecting was just a hobby that happened to go up in value.



However I will follow cc's advice, start studying the stock market & start putting money in towards the end of the year now that the market has gone down.



Personally I think there'll be another correction, eh Herm?



Its inevitable cuz the economy has come to a hakt everywhere.



Companies will not be hiring soon.



People wont spend cuz theyre afraid of losing their jobs.



Businesses wont spend to expand their operations in an uncertain business climatr.



Which can mean only one thing.



Share prices will fall & the stock market will decline further.



probably agian this fall.



Im just trying to be logical not scaremongering.



But dont take my word for it.



Consetvative business publications like the globe and mail expects Canads to be in a recession by the 3rd Quarter. I dont think Fox News in the USA is so sunny in their outlook either.



So...when right leaning pro business publicatiobs say it, then it must be true.

[Anonymous]

Just as I thought. You never bought RRSP's, and invest them in at least medium risk mixed mutual funds. You never planned for retirement. And now that you are old you need my boy and his girlfriend to support you. You are a parasite Joe. We have to pay for your irresponsibility.

[Anonymous]

Just as I thought. You never bought RRSP's, and invest them in at least medium risk mixed mutual funds. You never planned for retirement. And now that you are old you need my boy and his girlfriend to support you. You are a parasite Joe. We have to pay for your irresponsibility.

Oh dont worry about me Herm.



I will stand to inherit at least $500,000 from the sale of my parents house upon inheritance split with my siblings.



Could be $1,000,000 depending on if the real estate market goes up again and when they sell it.



That house is probably worth more than your farm.



$3,000,000+ eh. It has an ocean view and is considered prime Vancouver real estate.



What do you think I should do with that money Herm?



How would you spend $500,000 to $1,000,000 inheritance?



In addition I will still get pension + other benefits eh.



And your son and g/f will be psyong for that too.

[Anonymous]

Another major sell off today on global markets as China announced industrial output was at a thirty year low and consumer sales were way down. Another factor was the US fed, lowering rates to near zero. This is seen as a desperation move that last happened in the financial crisis of 2008. Something that Japan pursued without success for over a decade.



We are heading into a major global recession. Make no mistake about that. The disruption of international supply chains, and labour markets, the collapse of the consumer based economy due to the COVID-19 shutdowns which is what drives developed nations, and massive productivity drops. This virus will bankrupt more individuals and businesses than it will kill.

[Anonymous]

I'm not worried about the stock market, that's a long term..



I'm worried about people losing their jobs.

[Anonymous]

I'm not worried about the stock market, that's a long term..



I'm worried about people losing their jobs.

...but the people who manage your mutual funds are worried Fashionista.



They shit their pants when the Market gors inta tge Tank.



Cuz if the funds don't perform their jobs are on the line too.



I know.



Because I've met them.



Your mutual funds are only as good as the people who manage them.

[Anonymous]

Another major sell off today on global markets as China announced industrial output was at a thirty year low and consumer sales were way down. Another factor was the US fed, lowering rates to near zero. This is seen as a desperation move that last happened in the financial crisis of 2008. Something that Japan pursued without success for over a decade.



We are heading into a major global recession. Make no mistake about that. The disruption of international supply chains, and labour markets, the collapse of the consumer based economy due to the COVID-19 shutdowns which is what drives developed nations, and massive productivity drops. This virus will bankrupt more individuals and businesses than it will kill.

Thanks for the update, seoulbro.



I'll watch ta see how yer predictions unfold.



I'll follow cc's advice & buy when the market is low.



Wonder which stocks'll be a good buy in 6 months, eh?



Shoukd hit rock bottom within 6 to 12 mos eh.

[Anonymous]

I'm not worried about the stock market, that's a long term..



I'm worried about people losing their jobs.

And you are absolutely right. You won't touch your mutual funds in your RRSP's until you retire, which for you and your husband is a long way off.



The problem with COVID-19 is that all the ways we use to slow the spread of it also cause economic damage and mass unemployment. The more shut downs and cancellations that are announced, more people lose their jobs.

[Anonymous]

I'm not worried about the stock market, that's a long term..



I'm worried about people losing their jobs.

And you are absolutely right. You won't touch your mutual funds in your RRSP's until you retire, which for you and your husband is a long way off.



The problem with COVID-19 is that all the ways we use to slow the spread of it also cause economic damage and mass unemployment. The more shut downs and cancellations that are announced, more people lose their jobs.

Is this fer real, Seoulbro?



Dow Jones Industrial Average / Stock Price

20,550.50 -2,635.12 (11.37%)

.DJI(INDEXDJX)

Mar. 16, 9:51 a.m. EDT · Disclaimer



I jes did a google search & those were the numbers which appeared.



Am I readin the right info?

[Anonymous]

Another major sell off today on global markets as China announced industrial output was at a thirty year low and consumer sales were way down. Another factor was the US fed, lowering rates to near zero. This is seen as a desperation move that last happened in the financial crisis of 2008. Something that Japan pursued without success for over a decade.



We are heading into a major global recession. Make no mistake about that. The disruption of international supply chains, and labour markets, the collapse of the consumer based economy due to the COVID-19 shutdowns which is what drives developed nations, and massive productivity drops. This virus will bankrupt more individuals and businesses than it will kill.

Thanks for the update, seoulbro.



I'll watch ta see how yer predictions unfold.



I'll follow cc's advice & buy when the market is low.



Wonder which stocks'll be a good buy in 6 months, eh?



Shoukd hit rock bottom within 6 to 12 mos eh.

Why the fuck do you care loser. You are neither employed nor did you invest in RRSP's.You will still get your OAS welfare.