OT: Lets talk about stocks (Part 3)

[Lafleurs Guy]

yes I'm not buying in yet either

No sense trying to catch a falling knife.

 

[WeThreeKings]

(mod)

This will be a total game changer in world order. Damage cannot be undone at this point. He went too far and ruptured USA’s standing as a trustworthy economic partner. (mod)

Yeah, that's what I was talking about with my family yesterday. Pandora is out of the box. Threatening tariffs, not putting them in, then putting them in.. even if he takes them away again, it doesn't matter.

Everyone except maybe China and Russia is going to find ways to industrialize items they typically import from the USA or open up new trade partnerships for other items.

I know it's gotta be particularly harrowing for people who work in the auto industry here because I don't think many Canadians are lining up to buy an American made car ever again.

 

[Frank Drebin]

Isnt every country one leader away from the exact same thing?

 

[Frank Drebin]

No sense trying to catch a falling knife.

The best buys and sells I’ve made have made me sick to my stomach at the time of the trade

 

[BehindTheTimes]

Keep getting my cheap sats. Couldn’t be happier

 

[ExReHabs]

Isnt every country one leader away from the exact same thing?

Typically... no there is a supreme court (judiciary) or a sort of handbrake in the form of the legislature.... or a King who has to give royal assent...

 

[Leto]

Yeah, that's what I was talking about with my family yesterday. Pandora is out of the box. Threatening tariffs, not putting them in, then putting them in.. even if he takes them away again, it doesn't matter.

Everyone except maybe China and Russia is going to find ways to industrialize items they typically import from the USA or open up new trade partnerships for other items.

I know it's gotta be particularly harrowing for people who work in the auto industry here because I don't think many Canadians are lining up to buy an American made car ever again.

The length of any deal with Uncle Sam has become the reminder of the term of a sitting President. Might as well build a house on quicksand in those circumstances; at least you know what you are getting with quicksand.​

 

[sampollock]

I guess our portfolio's are doomed for years now

 

[Guy Larose]

No sense trying to catch a falling knife.

 

[Lafleurs Guy]

The best buys and sells I’ve made have made me sick to my stomach at the time of the trade

Sure. And there's money to be made now.

But I still remember 2008... Market cacked everyday for like two weeks. We're on day two of a bloodbath. I'd rather find some stability before buying more stock. I won't be buying at the bottom but at least it should be going up from there.

I mean, your guess is as good as mine. What a disaster. And it's all unforced, self inflicted...

 

[MXD]

Your employers pension plan pays you a defined benefit ($ amount, typically a percentage of your working income)for life
The other type of pension is dc defined contribution where is usually a match from the employer and you’re completely at the mercy of the market

Ha, we call these RPD in French.

DB Pension could also have meant Disability Pension in my mind.

 

[MXD]

I reckon that getting rid of +- 75% of my portfolio for the cashdown on the house is a significantly better idea now than it was 8 months ago.

And it was probably a good idea 8 months ago.

 

[DAChampion]

Everyone except maybe China and Russia is going to find ways to industrialize items they typically import from the USA or open up new trade partnerships for other items.

Russia is already successfully practicing import substitution due to the sanctions, and China is the world's leading manufacturing power in nearly every sector.

When Biden passed the CHIPS act to restrict Chinese access to American microchips, they nearly caught up in about two years time. They will soon be ahead in microchips, indefinitely.

Import substitution is generally viable for larger, more advanced countries. The EU might have been able to do it a few years ago, but not anymore.

 

[waffledave]

The length of any deal with Uncle Sam has become the reminder of the term of a sitting President. Might as well build a house on quicksand in those circumstances; at least you know what you are getting with quicksand.​

It's the fall of Rome. I'm not even joking. The US lost it's status as a dependable trading partner and the default market for the world. It willingly pissed away all the soft power it built over the last 100 years. The whole thing is wild, and we are just getting started. China said they are banning rare earth materials for export to the US. I don't think people fully realize how big a deal that is yet.

 

[David Suzuki]

good time to be too poor to invest

 

[Scintillating10]

Sure. And there's money to be made now.

But I still remember 2008... Market cacked everyday for like two weeks. We're on day two of a bloodbath. I'd rather find some stability before buying more stock. I won't be buying at the bottom but at least it should be going up from there.

I mean, your guess is as good as mine. What a disaster. And it's all unforced, self inflicted...

Should be some buys out there, S&P at 5,074

 

[the valiant effort]

"You'll never have to vote again."

 

[Beliveau]

... It willingly pissed away all the soft power it built over the last 100 years. ...

The US has only been a real been world power since WWII. Although their attack was stupid (as was the Germans attacking Moscow right before the winter), that's one of the reasons the Japanese were not afraid of Pearl Harbor. No one thought the US could replace its Pacific fleet and build up the rest of the military so quickly. It was unprecedented in world history. They woke a sleeping giant. Having the entire Pacific fleet just sitting there in one place so it could be destroyed in one battle was stupid.

 

[Doublechin]

Hey guys

I'm really tired of all this winning

 

[Team_Spirit]

Hey guys

I'm really tired of all this winning

Shorts printed, Tulum next winter

 

[Scintillating10]

Trump tariffs sends world into a recession could affect future salary caps

 

[Naslundforever]

(mod)

This will be a total game changer in world order. Damage cannot be undone at this point. He went too far and ruptured USA’s standing as a trustworthy economic partner. (mod)

I wish I was a billionaire with the power to crash the world economy so I could eventually buy everything at floor value and flip that switch back on.

Aso I’d buy the nhl and remove the cap so I can hire Mc D on the habs and give him a 100m$ aav. That Winnie goalie would be sweet too.

Loosing a year of retirement every day gives me the munchies for some reason I need poutine.

 

[Gustave]

Hey guys

I'm really tired of all this winning

When tired, only one place to go;
The golf course. Bravo.

 

[Non Player Canadiens]

it really does feel like America is ragequitting this game of Civ

 

[DAChampion]

it really does feel like America is ragequitting this game of Civ

I've invested so much of my life into civ ...