Business / Investing Talk

Re: Business / Investing Talk

by West » Thu Nov 10, 2016 2:32 pm

http://www.foxbusiness.com/markets/2016 ... ctory.html

Don't you just love it when all the doom and gloom elitists are wrong? DOW Industrial hits new record levels today.
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Re: Business / Investing Talk

by West » Thu Nov 10, 2016 4:25 pm

Markets close at record high and banks up as well. Tech took a hit which whatever the liberals in California can suck it up.

http://money.cnn.com/data/markets?adkey=bn

Again love how elitists were wrong again.

Should be good times for Western Canada as well if they look at Keystone as well though Trudeau might play political games.
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Re: Business / Investing Talk

by KevinRiley2 » Thu Nov 10, 2016 6:05 pm

I still think there will be a melt down. Maybe next week. People will say, "This is the pull back people predicted/expected after Trump won".

Earning are coming in and they are not good. The fundamentals don't make sense.

Having said that, I have been wrong for 6 months so...

**

FYI

Telecom stocks are dropping - BCE, Rogers and Telus were all down about 2%. One Utilities ETF was down 2.16%, today. Keep going!
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Re: Business / Investing Talk

by KevinRiley2 » Fri Nov 11, 2016 3:21 pm

KevinRiley2 wrote:I still think there will be a melt down. Maybe next week. People will say, "This is the pull back people predicted/expected after Trump won".

Earning are coming in and they are not good. The fundamentals don't make sense.

Having said that, I have been wrong for 6 months so...

**

FYI

Telecom stocks are dropping - BCE, Rogers and Telus were all down about 2%. One Utilities ETF was down 2.16%, today. Keep going!

The Utility ETF I mentioned above is down another 1% today. Thank God for SMALL favours. Now let's see the rest of the market tank.
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Re: Business / Investing Talk

by KevinRiley2 » Sat Nov 12, 2016 10:03 pm

Telus is off 5% from its 1 Year High. BCE is off 10. Rogers is off 16%.

Telus has a Price/Earnings ratio (the lower the better) of 17, BCE 18, Rogers 22.4.

Finally, after printing trillions of dollars, the world is seeing a hint of inflation. When inflation kicks in, Telecoms and Utilities drop.

I am looking at buying ZWU - it is a Covered Call Utilities ETF (from BMO) with a Dividend of almost 7.2%. It is currently at $13.00 share. I will wait until it drops to $12 or less.
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Re: Business / Investing Talk

by KevinRiley2 » Mon Nov 14, 2016 1:14 pm

All the Utilities, minus Rogers, are down about 1%, today. Not sure why Rogers is the exception - other than the fact that it was off 16% from its high and maybe it's oversold.
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Re: Business / Investing Talk

by KevinRiley2 » Wed Feb 22, 2017 12:01 pm

According to Andrew McCreath, once you subtract Bank stocks, the TSX has been negative over the last (can't remember the time period he mentioned). Bank stocks are up today, again. It's insane. So over priced.

Having said that, I have been predicting a fall in bank stocks for a year and I've been 100% WRONG!!! :cry:
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Re: Business / Investing Talk

by KevinRiley2 » Tue Feb 28, 2017 12:07 am

Larry Berman is coming to St Catharines. I've been before. It's good but for every 5 minutes of real insight, there is 25 minutes of fluff.

Good show today...

http://www.bnn.ca/bermans-call/berman-s ... 17~1063575
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Re: Business / Investing Talk

by KevinRiley2 » Tue Feb 28, 2017 11:28 am

Scotia increased its dividend today - by 2 cents per quarter. A big "Meh".

Bank stocks are sooo overpriced right now. Call me when they're down 20%.
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Re: Business / Investing Talk

by KevinRiley2 » Tue Feb 28, 2017 11:37 am

I don't own BMO but they had a great quarter and the stock is up 2.5%, today.

I own Scotia and it is down 4%+ in the last 2 days. :(
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Re: Business / Investing Talk

by pigseye2015 » Tue Feb 28, 2017 12:04 pm

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Re: Business / Investing Talk

by KevinRiley2 » Tue Feb 28, 2017 1:42 pm


Some where William Shatner is smiling.
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Re: Business / Investing Talk

by KevinRiley2 » Mon Mar 06, 2017 11:25 pm

I said this 6 months and 10%+ ago...

Is it Finally Time to Sell Canadian Bank Stocks?

http://www.msn.com/en-ca/money/topstori ... spartanntp
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Re: Business / Investing Talk

by KevinRiley2 » Sat Apr 08, 2017 2:09 am

Stock market has been remarkably resilient.
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Re: Business / Investing Talk

by KevinRiley2 » Tue May 02, 2017 12:52 pm

My favourite Canadian Bank ETF (ZWB) is down about 8% from its high.

When it drops another 12%, I'll be interested.
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