Comments on: This and That: Another week, another drop http://www.canadiancapitalist.com/this-and-that-another-week-another-drop/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Phil S http://www.canadiancapitalist.com/this-and-that-another-week-another-drop/#comment-170045 Phil S Mon, 24 Nov 2008 04:06:29 +0000 http://www.canadiancapitalist.com/?p=1498#comment-170045 The talking heads on TV are saying that the majority of the people selling in this market are the people that HAVE to sell... Such as hedge funds trying to cover their margin calls and what not... The same talking heads are saying that many of these hedge funds are getting wiped out right now. Once this bleeding has stopped, that will be when the stock market hits bottom and long term investors will start to get back into the market. For me personally, I'm not sure if I believe any of that nonsense. On a macro-economic level, I just look at the economic numbers and there's no light at the end of the tunnel yet. Some say that by the time you see the light at the end of the tunnel, it's too late to get back into the stock market. Others say that you shouldn't try to catch a falling knife. The absolutely wonderful thing about the markets is that there are many more opinions about investing than there are investors. And I really wouldn't want it any other way! Go capitalism! The talking heads on TV are saying that the majority of the people selling in this market are the people that HAVE to sell… Such as hedge funds trying to cover their margin calls and what not… The same talking heads are saying that many of these hedge funds are getting wiped out right now. Once this bleeding has stopped, that will be when the stock market hits bottom and long term investors will start to get back into the market.

For me personally, I’m not sure if I believe any of that nonsense. On a macro-economic level, I just look at the economic numbers and there’s no light at the end of the tunnel yet. Some say that by the time you see the light at the end of the tunnel, it’s too late to get back into the stock market. Others say that you shouldn’t try to catch a falling knife.

The absolutely wonderful thing about the markets is that there are many more opinions about investing than there are investors. And I really wouldn’t want it any other way! Go capitalism!

]]> By: WhereDoesAllMyMoneyGo.com http://www.canadiancapitalist.com/this-and-that-another-week-another-drop/#comment-169703 WhereDoesAllMyMoneyGo.com Sat, 22 Nov 2008 03:24:54 +0000 http://www.canadiancapitalist.com/?p=1498#comment-169703 Thanks for the link CC - have a great weekend! Thanks for the link CC – have a great weekend!

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-another-week-another-drop/#comment-169612 Canadian Capitalist Fri, 21 Nov 2008 18:11:41 +0000 http://www.canadiancapitalist.com/?p=1498#comment-169612 Hang in there FT! I wish I had even more cash to keep buying at these levels. Stocks are incredibly cheap and sooner or later the market will stop being a voting machine and do its job as a weighing machine. It's very hard on our current net worth but this is a huge opportunity to buy at depressed prices. I know I'm being selfish but I wish the market would stay at these levels for a long time... Hang in there FT! I wish I had even more cash to keep buying at these levels. Stocks are incredibly cheap and sooner or later the market will stop being a voting machine and do its job as a weighing machine. It’s very hard on our current net worth but this is a huge opportunity to buy at depressed prices. I know I’m being selfish but I wish the market would stay at these levels for a long time…

]]> By: Million Dollar Journey http://www.canadiancapitalist.com/this-and-that-another-week-another-drop/#comment-169609 Million Dollar Journey Fri, 21 Nov 2008 17:58:40 +0000 http://www.canadiancapitalist.com/?p=1498#comment-169609 Thanks for the mention CC. My portfolio took a major hit this week! Time to close my eyes and just wait for it to be over. :) Thanks for the mention CC. My portfolio took a major hit this week! Time to close my eyes and just wait for it to be over. :)

]]> By: Tony Danza http://www.canadiancapitalist.com/this-and-that-another-week-another-drop/#comment-169608 Tony Danza Fri, 21 Nov 2008 17:45:26 +0000 http://www.canadiancapitalist.com/?p=1498#comment-169608 I think the chorus of voices denigrating Buffett could be the sign of a bottom in the US market. It's eerily similar to the .com high flyers calling Buffett's investment thesis antiquated at the height of the tech bubble. I think the chorus of voices denigrating Buffett could be the sign of a bottom in the US market. It’s eerily similar to the .com high flyers calling Buffett’s investment thesis antiquated at the height of the tech bubble.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-another-week-another-drop/#comment-169599 Canadian Capitalist Fri, 21 Nov 2008 17:11:06 +0000 http://www.canadiancapitalist.com/?p=1498#comment-169599 Jon: I read somewhere that among other things Lehman was involved in real estate flipping. And AIG didn't protect their downside when writing out all that CDS either. brad: It's happened to me before. They have some rule about adhering to the stupid investor profile they ask you to fill out. A phone call should settle matters. Michael: I suppose I should hope that stock prices will be lower, so I can buy more. It's hard to think that way but it would be right course of action. DGI: I read that column too. I'm pretty sure Buffett is the one going to have the last laugh. Jon: I read somewhere that among other things Lehman was involved in real estate flipping. And AIG didn’t protect their downside when writing out all that CDS either.

brad: It’s happened to me before. They have some rule about adhering to the stupid investor profile they ask you to fill out. A phone call should settle matters.

Michael: I suppose I should hope that stock prices will be lower, so I can buy more. It’s hard to think that way but it would be right course of action.

DGI: I read that column too. I’m pretty sure Buffett is the one going to have the last laugh.

]]> By: Dividend Growth Investor http://www.canadiancapitalist.com/this-and-that-another-week-another-drop/#comment-169583 Dividend Growth Investor Fri, 21 Nov 2008 15:36:22 +0000 http://www.canadiancapitalist.com/?p=1498#comment-169583 Thanks for the link CC. Of course some people claim that Buffett has "lost his touch", but given the size of his enterprise as well as previous "losses" from Buffett during the 1973-74 bear market I am inclined to still have faith in him.. Thanks for the link CC. Of course some people claim that Buffett has “lost his touch”, but given the size of his enterprise as well as previous “losses” from Buffett during the 1973-74 bear market I am inclined to still have faith in him..

]]> By: 0xcc http://www.canadiancapitalist.com/this-and-that-another-week-another-drop/#comment-169581 0xcc Fri, 21 Nov 2008 14:42:55 +0000 http://www.canadiancapitalist.com/?p=1498#comment-169581 Thanks for the link, and on my birthday no less. ;) Have a good weekend, hopefully the markets will regain some sanity by Monday. Thanks for the link, and on my birthday no less. ;)
Have a good weekend, hopefully the markets will regain some sanity by Monday.

]]> By: Michael James http://www.canadiancapitalist.com/this-and-that-another-week-another-drop/#comment-169571 Michael James Fri, 21 Nov 2008 13:06:10 +0000 http://www.canadiancapitalist.com/?p=1498#comment-169571 Thanks for the link. Try not to think about plunging stock prices over the weekend :-) Thanks for the link. Try not to think about plunging stock prices over the weekend :-)

]]> By: brad http://www.canadiancapitalist.com/this-and-that-another-week-another-drop/#comment-169523 brad Fri, 21 Nov 2008 12:09:33 +0000 http://www.canadiancapitalist.com/?p=1498#comment-169523 I got my first personal taste of the financial weirdness we're in when TD rejected my recent order to purchase some more eFunds (the US currency neutral index) for my RRSP because the purchase didn't match my "investor profile." This despite the fact that I've been purchasing these same exact funds for four or five years now. I guess they view the US index as a particularly risky investment now ;-) I got my first personal taste of the financial weirdness we’re in when TD rejected my recent order to purchase some more eFunds (the US currency neutral index) for my RRSP because the purchase didn’t match my “investor profile.” This despite the fact that I’ve been purchasing these same exact funds for four or five years now. I guess they view the US index as a particularly risky investment now ;-)

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