For those that think this market is going to continue.....

Quote from IeatGoldmanSnax:

Canadian banks have taken a huge hit the past few days while the XLF was rammed to new highs. Do you and I have a different definition of divergence?

Almost zero huh? I remember that talk in 1999 and 2008. To say it's early, that's one thing, but to say there is a zero chance of a meltdown is just plain ignorant.
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It is you that sound ignorant posting on things you obviously haven't researched at all. Do we really need to discuss the normal trading ranges of Canadian banks to illustrate this ?

Sorry, I'm not seeing a "huge hit" on Canadian banks. It doesn't exist. Not sure what you think you are seeing. For example, I just pulled up Royal Bank, the only bank that truly dropped significantly last two years ( from $61 to $44 ). Its at $62 today up 1.88%. I am very familiar with this equity. It normally struggles to stay above $60 for any length of time. So the real question is will this equity defy its norm and rally higher from here, or will it drop back again. Given you said there was a "huge hit", I thought maybe it had crossed under $60 today. No. Its rallying.

I HAVE researched these stocks over many years, That's why I posted. You don't know what you are talking about.
 
Quote from Nine_Ender:

It is you that sound ignorant posting on things you obviously haven't researched at all. Do we really need to discuss the normal trading ranges of Canadian banks to illustrate this ?

Sorry, I'm not seeing a "huge hit" on Canadian banks. It doesn't exist. Not sure what you think you are seeing. For example, I just pulled up Royal Bank, the only bank that truly dropped significantly last two years ( from $61 to $44 ). Its at $62 today up 1.88%. I am very familiar with this equity. It normally struggles to stay above $60 for any length of time. So the real question is will this equity defy its norm and rally higher from here, or will it drop back again. Given you said there was a "huge hit", I thought maybe it had crossed under $60 today. No. Its rallying.

I HAVE researched these stocks over many years, That's why I posted. You don't know what you are talking about.
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That's excellent champ. Im just telling you what's going to happen. It's written in big letters right in front of your face. If you don't "see it" then that's not a big deal to me. Your crystal ball just needs a fuckin tune-up.

Your "years of research"? lol. What's that consist of? You take a break from your porn and read an article or two?
 
Quote from IeatGoldmanSnax:

That's excellent champ. Im just telling you what's going to happen. It's written in big letters right in front of your face. If you don't "see it" then that's not a big deal to me. Your crystal ball just needs a fuckin tune-up.

Your "years of research"? lol. What's that consist of? You take a break from your porn and read an article or two?
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First you said the banks have taken a major hit now you are saying they are going to take a major hit?!?

Royal bank is at $62 its 52 wk high is $64... i guess that's a huge "hit" in this market lol
 
Quote from bonds:

First you said the banks have taken a major hit now you are saying they are going to take a major hit?!?

Royal bank is at $62 its 52 wk high is $64... i guess that's a huge "hit" in this market lol
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Where did i mention Royal? I DIDN"T. CM is down 7 in a row.

Yeah to most investors it's called an opportunity cost vs US banks. Do you want me to take you back to fuckin econ 101?

Im not saying they're going to take a huge hit. All im saying is that they're not going to like the number of red candles that will be filling their charts in the next few months.

You sound dense btw.

PS. I eat SNAX. It's plural. Im not just a one-hitter quitter.
 
stimulus withdrawal will hurt banks. no doubts there.

canadian housing is copy/paste english model and will get its dose as per historical record. Due to strong public denial, falls will be large.

trick is when stimulus will really be withdrawn. There is public perception that it will never be withdrawn. This cant be so as at some point transaction volume consists only of fake sales, real new people abandon it, and economy really stalls.

how far are we from there ?
 
Quote from IeatGoldmanSnax:

Where did i mention Royal? I DIDN"T. CM is down 7 in a row.

Yeah to most investors it's called an opportunity cost vs US banks. Do you want me to take you back to fuckin econ 101?

Im not saying they're going to take a huge hit. All im saying is that they're not going to like the number of red candles that will be filling their charts in the next few months.

You sound dense btw.

PS. I eat SNAX. It's plural. Im not just a one-hitter quitter.
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CM was up yesterday ... yea im the one who sounds dense

Please enlighten me on how the Canadian banks diverging are going to stop our market from going up? And yes i think this market will continue going up
 
FACT: I said there is more reason to be BULLISH despite the bearish OP remarks.

FACT: I was right.

FACT: You should have listened to my BULLISH statements

FACT: who cares how I present anything....I was on the right side of the market.

deal with it
 
Quote from BlueTurtle:

FACT: I said there is more reason to be BULLISH despite the bearish OP remarks.

FACT: I was right.

FACT: You should have listened to my BULLISH statements

FACT: who cares how I present anything....I was on the right side of the market.

deal with it
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lol what the fuck are you talking about?! All you did was spout off a bunch of (likely drug-induced) random comments.
 
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