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- Welcome to THeBlueCashew.
Posted by Anonymous
- April 10, 2020, 01:45:09 PMActually Fashionista, you and others here might consider selling of at least a portion of your holdings, putting what you cashed in into Money Market while the markets experience this brief bounce of Sunny Weather. Cut your losses and move into a defensive position to hang onto what you've got.Quote from: "Your Friend Joe"
Advocating getting rid of what you've got in order to hang on to what you've got... yeah, I'd be petitioning my local council if I ever saw you as a zebra crossing attendant if that's the logic you're known for pushing.
Markets are going to be volatile for a while yet. Large companies (Disney, AMC etc) are seeing their credit swirling down the plughole, taking every last bit of stimulus buck they can wheedle out of the gubbnint while Wall Street polishes its turds in the hopes its chums get the best possible outcome. They will survive and you are free to take a walk down your local main street in a year's time and tell me who benefited from the practice you advocate today.
I've said it before, the stock market is a mug's game. What you consider as wealth is being systemically channeled in the direction of the elite. Anyone who didn't get out while the getting was good is as good as fucked at this point, at least in the short term and possibly the longer. Much better to expend your energies in the tangible and the concrete, the hard assets you possess which can be bartered (not sold) for that which you require to get over the line. Wasting your time having some portfolio manager shuffle bits of paper around a desk is only useful if you've the time and resources to waste on it.
A number of experienced analysts</snip>Quote from: "Your Friend Joe"
You meant to say "financial snake oil salesmen" of course.
....so don't say y'all weren't warned.
I told you so......
Mmmmm, and as far as this little black duck is concerned, you wasted your breath. Go boil that cabbage you call a head and report to your nearest soup line Shitlock.
Posted by Anonymous
- April 10, 2020, 12:48:23 PMHe's getting some good advice
however
Chances of taking it.........................
Yeah I know, but some of those who come after might see the sage words of counsel on offer and not make the same mistakes Joe-baby did. So really, it's all good.
But I didn't lose significant amounts on an investments and then come onto this forum whining about those losses.
Admit it. I had foresight and saw the end of the bull market coming and most of you didn't.
And I saw a recession coming and most of you did not.
At least I didn't make YOUR mistakes.
Sorry you did tho
If you never invested in the stock market, you'd be better off now...
...if you only bought hard assets... you'd be in a better position than most now...
JOE doesn't understand investing..He thinks people jump in and jump out quickly to make a profit..
Our RRSP's that we have had for over a decade are doing better than if we had put them in savings..
And that is in the middle of a forced economic shutdown....it's never happened before..
As long as North America has plans to get us back to work in next six weeks like some European countries we'll be fine.
Actually Fashionista, you and others here might consider selling of at least a portion of your holdings, putting what you cashed in into Money Market while the markets experience this brief bounce of Sunny Weather. Cut your losses and move into a defensive position to hang onto what you've got.
A number of experienced analysts state that the recent gains on the Stock Market are only temporary before the market declines again and the 'Real Bear Market' begins:
SOCIETE GENERALE: Stocks are riding a fleeting rally before fundamentals collapse and 'the real bear market begins'
*Major US indexes recently rebounded into bull-market territory. But precedent suggests stocks will fall further as the US slides into a lengthy recession, Societe Generale said in a Thursday note.Quote
*The stock market is in the middle of a brief bear-market bounce mirroring gains made in October 2008 before the financial crisis pulled equities down another 25%, strategist and long-time bear Albert Edwards said.
*Downward pressure from low inflation and a near-term recession stand to make the virus-induced profit slump deeper than past declines, he added.
*Many investors are poised to reenter the marketas history suggests is normal" "only to be crushedEdwards wrote.
....so don't say y'all weren't warned.
I told you so......
Posted by Anonymous
- April 08, 2020, 01:56:57 PMHe's getting some good advice
however
Chances of taking it.........................
Yeah I know, but some of those who come after might see the sage words of counsel on offer and not make the same mistakes Joe-baby did. So really, it's all good.
But I didn't lose significant amounts on an investments and then come onto this forum whining about those losses.
Admit it. I had foresight and saw the end of the bull market coming and most of you didn't.
And I saw a recession coming and most of you did not.
At least I didn't make YOUR mistakes.
Sorry you did tho
If you never invested in the stock market, you'd be better off now...
...if you only bought hard assets... you'd be in a better position than most now...
JOE doesn't understand investing..
He thinks people jump in and jump out quickly to make a profit..
Our RRSP's that we have had for over a decade are doing better than if we had put them in savings..
And that is in the middle of a forced economic shutdown....it's never happened before..
As long as North America has plans to get us back to work in next six weeks like some European countries we'll be fine.
Don't waste your time on lazy losers who rarely worked and never saved.
But, I will say that Trudeau should let Canadians draw from their RRSP's without penalty. My wife and I are both working but perhaps 30 per cent of Canadians are not. They need money right now. Let them withdraw their RRSP's without being penalized.
That would be the socially responsible thing to do. Do you regard Trudeau as socially responsible?
I don't reckon it's gonna happen. Someone's got to pay for the wheels of bureaucracy to get the job done and at the end of the day that's coming out of the public purse, not Justin's pocket. Working forward from that we see that either way those 30% are shouldering the administrative costs of kicking the financial instability can down the road and into the retirement village. And if it does happen, you can bet your Bobby Bordens someone will be there to skim the cream off the top.
Posted by Anonymous
- April 08, 2020, 01:34:46 PMHe's getting some good advice
however
Chances of taking it.........................
Yeah I know, but some of those who come after might see the sage words of counsel on offer and not make the same mistakes Joe-baby did. So really, it's all good.
But I didn't lose significant amounts on an investments and then come onto this forum whining about those losses.
Admit it. I had foresight and saw the end of the bull market coming and most of you didn't.
And I saw a recession coming and most of you did not.
At least I didn't make YOUR mistakes.
Sorry you did tho
If you never invested in the stock market, you'd be better off now...
...if you only bought hard assets... you'd be in a better position than most now...
JOE doesn't understand investing..
He thinks people jump in and jump out quickly to make a profit..
Our RRSP's that we have had for over a decade are doing better than if we had put them in savings..
And that is in the middle of a forced economic shutdown....it's never happened before..
As long as North America has plans to get us back to work in next six weeks like some European countries we'll be fine.
Don't waste your time on lazy losers who rarely worked and never saved.
But, I will say that Trudeau should let Canadians draw from their RRSP's without penalty. My wife and I are both working but perhaps 30 per cent of Canadians are not. They need money right now. Let them withdraw their RRSP's without being penalized.
Posted by Anonymous
- April 08, 2020, 01:08:45 PMHe's getting some good advice
however
Chances of taking it.........................
Yeah I know, but some of those who come after might see the sage words of counsel on offer and not make the same mistakes Joe-baby did. So really, it's all good.
But I didn't lose significant amounts on an investments and then come onto this forum whining about those losses.
Admit it. I had foresight and saw the end of the bull market coming and most of you didn't.
And I saw a recession coming and most of you did not.
At least I didn't make YOUR mistakes.
Sorry you did tho
My mistakes you say?
Let's see... I recognised that the stockmarket was a mug's game back in my teens, having seen how wildly it fluctuated throughout history and how virulently people might react to it. Some of that was first hand observation, with one of my uncles being on the board of a large insurance company and a long time family friend a broker who worked in futures, but a large slice was also just observation and logical deduction... kind of an "if X and Y are happening and A, B and C are in play at the time, then H, I, J, K, LMNOP is the logical progression that ultimately leads us to Z. Consequently, by the time I was old enough to earn a paycheck, investing any portion of it in the stock market was so low on my list of priorities, it had slid off the page and on to the floor.
My nest egg does not include a share portfolio. I have lived through a number of economic downturns and stockmarket crashes without incident and barring a comet spearing into the planet like a white-hot Cock of Death and wiping out all trace of mankind, I surmise I am comfortably provided for by an order of magnitude within my means for significantly longer than I expect to be able to draw breath in this world. Is this the mistake to which you prefer or was there some other nebulous misconception regarding my affairs you wished to make a complete tool of yourself over?
Posted by Frood
- April 08, 2020, 10:35:24 AMHe's getting some good advice
however
Chances of taking it.........................
Yeah I know, but some of those who come after might see the sage words of counsel on offer and not make the same mistakes Joe-baby did. So really, it's all good.
But I didn't lose significant amounts on an investments and then come onto this forum whining about those losses.
Admit it. I had foresight and saw the end of the bull market coming and most of you didn't.
And I saw a recession coming and most of you did not.
At least I didn't make YOUR mistakes.
Sorry you did tho
If you never invested in the stock market, you'd be better off now...
...if you only bought hard assets... you'd be in a better position than most now...
JOE doesn't understand investing..
He thinks people jump in and jump out quickly to make a profit..
Our RRSP's that we have had for over a decade are doing better than if we had put them in savings..
And that is in the middle of a forced economic shutdown....it's never happened before..
As long as North America has plans to get us back to work in next six weeks like some European countries we'll be fine.
Some people will be big winners....more will be big losers in this unless they let this thing run its course and whomever is left will be big winners in a brand new revamp....
...we have very short memories when it comes to our lives and what's in the actual history books...
Nothing is stable for long...
Investing is not a black and white thing and it's not a get rich quick or lose everything quick thing..
That is what people that have never saved for their own futures don't understand..
We haven't lost very much and in fact we are still up and over the rate of inflation..
If it wasn't for investing, defined benefit pension plans like I have wouldn't exist.
Risky short term investors will lose, but most do even in good economic times.
I'm sorry, Fash....
....but an economic cycle ends where it ends... a whole slew of issues, sometimes singularly, but mostly due to chain reactions or perfect storms...
You have to, and hubby, ensure that you won't be caught out.
.because even after Chinese quarantine measures are lifted, everyone is panic burying all over again..
Posted by Anonymous
- April 08, 2020, 07:10:43 AMHe's getting some good advice
however
Chances of taking it.........................
Yeah I know, but some of those who come after might see the sage words of counsel on offer and not make the same mistakes Joe-baby did. So really, it's all good.
But I didn't lose significant amounts on an investments and then come onto this forum whining about those losses.
Admit it. I had foresight and saw the end of the bull market coming and most of you didn't.
And I saw a recession coming and most of you did not.
At least I didn't make YOUR mistakes.
Sorry you did tho
If you never invested in the stock market, you'd be better off now...
...if you only bought hard assets... you'd be in a better position than most now...
JOE doesn't understand investing..
He thinks people jump in and jump out quickly to make a profit..
Our RRSP's that we have had for over a decade are doing better than if we had put them in savings..
And that is in the middle of a forced economic shutdown....it's never happened before..
As long as North America has plans to get us back to work in next six weeks like some European countries we'll be fine.
Some people will be big winners....more will be big losers in this unless they let this thing run its course and whomever is left will be big winners in a brand new revamp....
...we have very short memories when it comes to our lives and what's in the actual history books...
Nothing is stable for long...
Investing is not a black and white thing and it's not a get rich quick or lose everything quick thing..
That is what people that have never saved for their own futures don't understand..
We haven't lost very much and in fact we are still up and over the rate of inflation..
If it wasn't for investing, defined benefit pension plans like I have wouldn't exist.
Risky short term investors will lose, but most do even in good economic times.
Posted by Frood
- April 08, 2020, 07:00:55 AMHe's getting some good advice
however
Chances of taking it.........................
Yeah I know, but some of those who come after might see the sage words of counsel on offer and not make the same mistakes Joe-baby did. So really, it's all good.
But I didn't lose significant amounts on an investments and then come onto this forum whining about those losses.
Admit it. I had foresight and saw the end of the bull market coming and most of you didn't.
And I saw a recession coming and most of you did not.
At least I didn't make YOUR mistakes.
Sorry you did tho
If you never invested in the stock market, you'd be better off now...
...if you only bought hard assets... you'd be in a better position than most now...
JOE doesn't understand investing..
He thinks people jump in and jump out quickly to make a profit..
Our RRSP's that we have had for over a decade are doing better than if we had put them in savings..
And that is in the middle of a forced economic shutdown....it's never happened before..
As long as North America has plans to get us back to work in next six weeks like some European countries we'll be fine.
Some people will be big winners....more will be big losers in this unless they let this thing run its course and whomever is left will be big winners in a brand new revamp....
...we have very short memories when it comes to our lives and what's in the actual history books...
Nothing is stable for long...
Posted by Anonymous
- April 08, 2020, 06:48:28 AMHe's getting some good advice
however
Chances of taking it.........................
Yeah I know, but some of those who come after might see the sage words of counsel on offer and not make the same mistakes Joe-baby did. So really, it's all good.
But I didn't lose significant amounts on an investments and then come onto this forum whining about those losses.
Admit it. I had foresight and saw the end of the bull market coming and most of you didn't.
And I saw a recession coming and most of you did not.
At least I didn't make YOUR mistakes.
Sorry you did tho
If you never invested in the stock market, you'd be better off now...
...if you only bought hard assets... you'd be in a better position than most now...
JOE doesn't understand investing..
He thinks people jump in and jump out quickly to make a profit..
Our RRSP's that we have had for over a decade are doing better than if we had put them in savings..
And that is in the middle of a forced economic shutdown....it's never happened before..
As long as North America has plans to get us back to work in next six weeks like some European countries we'll be fine.
Posted by Frood
- April 08, 2020, 06:36:27 AMHe's getting some good advice
however
Chances of taking it.........................
Yeah I know, but some of those who come after might see the sage words of counsel on offer and not make the same mistakes Joe-baby did. So really, it's all good.
But I didn't lose significant amounts on an investments and then come onto this forum whining about those losses.
Admit it. I had foresight and saw the end of the bull market coming and most of you didn't.
And I saw a recession coming and most of you did not.
At least I didn't make YOUR mistakes.
Sorry you did tho
If you never invested in the stock market, you'd be better off now...
...if you only bought hard assets... you'd be in a better position than most now...
Posted by Anonymous
- April 08, 2020, 02:20:15 AMHe's getting some good advice
however
Chances of taking it.........................
Yeah I know, but some of those who come after might see the sage words of counsel on offer and not make the same mistakes Joe-baby did. So really, it's all good.
But I didn't lose significant amounts on an investments and then come onto this forum whining about those losses.
Admit it. I had foresight and saw the end of the bull market coming and most of you didn't.
And I saw a recession coming and most of you did not.
At least I didn't make YOUR mistakes.
Sorry you did tho
Posted by cc
- April 08, 2020, 01:51:38 AMPosted by Anonymous
- April 08, 2020, 12:55:36 AMHe's getting some good advice
however
Chances of taking it.........................
Yeah I know, but some of those who come after might see the sage words of counsel on offer and not make the same mistakes Joe-baby did. So really, it's all good.
Posted by Anonymous
- April 07, 2020, 11:40:38 PMWas Joe being respectful when he told the owner of VF to kick this forum off mmb. How about the dozens of threads he starts at VF, which I rarely look at anymore, badmouthing Fash's forum. She opens a hands off anonymous section and Joe has the frickin effrontery to come here, badmouth the forum, it's posters and spam the hell out of this section.Quote from: "Herman"
To hell with jealous old broke ass virgin Joe. He hates this place, he hates the owner and he shows it with every thread and post.
I just usually post out of boredom, Herm.
Switch the channel.
See whats goin on at VF. Get bored with that channel.
Come here. Get bored with this channel.
Go to SG. Get bored with that channel go somewhere else like Mel's forum.
Its like changing the channel on a tv set.
Nothing more nothing less. just a way to pass the time & glean some new ideas.
That is all.
Anybody can tell you need a life. But, with the exception of Mel nobody is bored enough to enjoy your nonsense anymore. It's not 2009 and there is no DV anymore.
While you have been wasting your life killing forums, I bought $5000 Tops ships stock at 15 cents. Today it's doubled.
Find a new hobby JOE. Make some money before it's too late. And when this lockdown is over, lose your virginity before it's too. You will look back and wonder why you wasted so much time killing forums. Good luck.
I'd be interested investing later in the year but not at the moment.
I'm wary about a market which suddenly jumps 15-20% while the economy is going down -15 to -20% at the same time. Unemploymet has gone from 3% to well over 10%. This years US budget deficit may be over $4 trillion USD. Thats like the entire GDP OF Germany, one of the largest economies in the world. The fundamentals are weak & there is clearly nothing to justify those values. So they are either being propped up by wishful investors or meddled with by the US Fed. This is not a stable stock market.
However, there was a basis for the Bull Market in 2017 when Trump took office. Unemployment fell, the economy was growing at 3% or more, people were buying, companies experienced real profits & real growth.
I just feel there has to be at least some justification to spend thousands of dollars to invest in the stock market. In a market where the fundamentals are weak, the investor could lose a lot of money if they're not careful.
Posted by cc
- April 07, 2020, 10:30:17 PM
however
Chances of taking it.........................