[Tostig]

I'll tell what Canada I don't want; the one we have right now.

Are you trying to get a regime change?

Would you be organizing a coalition of international forces to invade Canada or just a group of domestic terrorists to throw stones, throw punches or to vandalize constituency offices?

 

[Ukrainiandude]

Everyone is fleeing to safety of DLR
Hopefully we going to get back soon to normal pre covid valuation.

 

[MrBlackhill]

A bit of reading about bubbles:

Let The Wild Rumpus Begin*

Today in the U.S. we are in the fourth superbubble of the last hundred years, and for the first time in the U.S. we have simultaneous bubbles across all major asset classes.

www.gmo.com

Note: He has been bearish many times in the past. Though I believe he might be right this time... I also believe in a crash within the next 2 years. But maybe I'm as wrong as he has been in the past.

 

[Ukrainiandude]

 

[MrMatt]

Just to keep it on topic, yes I'm loving these highs.
I'm still WAY up on my portfolio even with the relatively poor YTD performance.

 

[KaeJS]

I'm hoping shyt bleeds.

But I think we will see the bleeding stop this week.

 

[m3s]

I'm still WAY up on my portfolio even with the relatively poor YTD performance.

Yup

But I think we will see the bleeding stop this week.

This happened leading up to the Fed meetings before just not as pronounced

 

[Eder]

I'm happy with a 20% correction if we can get there...at least then there would be a few reasonable dividends to buy...its crazy how fast my net worth has increased. Of course I said that when the TSX hit 16k as well.

 

[Ukrainiandude]

I'm happy with a 20% correction if we can get there...at least then there would be a few reasonable dividends to buy...its crazy how fast my net worth has increased. Of course I said that when the TSX hit 16k as well.

Let’s hope for 30-40% and then ten plus years to reach 2021 highs.

 

[MrBlackhill]

NASDAQ approaching bear market territory (-20% drop). Currently at -18%. If NASDAQ drops below 13,000, it'll be going into bear market.

S&P 500 now in correction territory (-10% drop). Currently at -11%.

 

[doctrine]

Corrections are usually good places to look at rebalancing. If nothing is too out of whack, you can wait to see if a bear market comes. Corrections are typical every 1-2 years so this one was definitely due and looks like a solid one too.

 

[Ukrainiandude]

Corrections are typical every 1-2 years so this one was definitely due and looks like a solid one too.

Let’s hope this will take at least ten years to get back to 2021 highs

 

[Jimmy]

I wonder if now is a good time to add or wait? I think the market is pricing in a war w Ukraine after Biden's recent moves. I think this is all sabre rattling and cooler heads will prevail.

Read in a cash management article, when the market falls by 15% every 2 years or so use ~ 20% of your available cash.

 

[londoncalling]

Corrections are usually good places to look at rebalancing. If nothing is too out of whack, you can wait to see if a bear market comes. Corrections are typical every 1-2 years so this one was definitely due and looks like a solid one too.

I did some portfolio shifts in December January but also reduced my cash position a bit early. This is a habit that I have developed over the years. In order to combat this I have increased my target cash weighting from 5 to 10% over the years. Always a conundrum in dealing with cash drag vs. being fully invested. Today's red in the market helps increase that cash weighting so that I can buy more and my portfolio has a higher yield as well. Being facetious with that last comment as it is total return that matters.

I am still amazed that the possibility of a .25% increase can move markets this much in the short term (perhaps 1 - 1.5% this year). Will this scare off the B of C from raising this week? I still want them to raise in January as I think longer term it is the right move. If they don't raise rates now what tools will they have to use when the next recession hits.

Like Jimmy, the dilemma now is to add or wait. I am going to spend today on the sidelines as I think there will be more panic selling leading up to Wednesday. May make a purchase or two tomorrow. I have some cash to deploy in February. Looking at adding to MFC and starting a position ATD. Would like to get into MSFT or APPL but at a price much lower than here. Same with Industrials.

 

[wayward__son]

I am still amazed that the possibility of a .25% increase can move markets this much in the short term (perhaps 1 - 1.5% this year).

same. Guess it’s just a sign of how levered to the gills we are. Should be an interesting year.

 

[m3s]

Every time central banks try to raise rates there is a taper tantrum. If you zoom out several decades the rates just drop then never regain again

0.25% is nothing but over reacting means rates will stay rock bottom

 

[Ukrainiandude]

Added to VT VOO QQQM XEQT
I like this game. Keep it cheap, don’t recover next ten years, let weed out boomers out of stocks.

 

[MrBlackhill]

0.25% may be nothing, but it's doubling the Policy Interest Rate, lol...

And when 10-year yields are not even at 2%, then increasing the Policy Interest Rate by only 0.25% is huge. A Policy Interest Rate rising by more than 10% of the current 10-year yield, lol...

I'm not arguing that they shouldn't raise rates, they should, I'm just pointing that with rates so low, we are in deep sh*t.

Will we ever see 10-year yields back above 5%? HAHAHAHAHA, hilarious!

The rich controls this world and won't allow such a thing to happen.

 

[MrBlackhill]

Yup. As I keep saying, growth stocks will be riskier than ever this year and in 2023.

View attachment 22616

View attachment 22650


And NASDAQ is now at -8% YTD on the 6th day of the year. And currently on a -10% drawdown from all-time high.

You can't say that I haven't told you enough times to get out of Large Cap Growth.

Just saw NASDAQ down by... -4.90%

This is going to end bad.

 

[m3s]

Taper Tantrum 2.0

Your move JPow