Stock Market: Correction or Crash?

[sumdumguy]

Americans are telling the pollsters that they like Trumps policies and they think their economy is strong.

[helmsdale]

Down another 1000+. 10% off the highs. Everyone chattering on business networks the last few days talking about how this is no 2008. Remember 08 took two months to find a bottom. There were hardly any bears to be found pre 08 crisis.

[Oliver88]

Strap-in . . . more potential U.S. stock market (global) volatility ahead. VIX shorts definitely troubled.

For what it's worth . . . tech support on Dow seen approaching 22,000 . . . but wild up days likely in store as well.

Significant correction if it goes to 22,000.

Where will you be parking your money when it gets down to that level?

[ajl]

What is worse is the TSX. Today it is trading at levels below what it did in in the first half of 2008 before the big crash then. This reflects the reality that today's economy in Canuckistan is smaller than 10 years ago despite ENORMOUS amounts of fiscal and monetary stimulation. Future generation of Canuckistani will be poor. The noise you hear is the fat lady. It is over. Canuckistan, as Klause is discovering, is done. At least US markets attained some altitude to fall from.

[helmsdale]

What is worse is the TSX. Today it is trading at levels below what it did in in the first half of 2008 before the big crash then. This reflects the reality that today's economy in Canuckistan is smaller than 10 years ago despite ENORMOUS amounts of fiscal and monetary stimulation. Future generation of Canuckistani will be poor. The noise you hear is the fat lady. It is over. Canuckistan, as Klause is discovering, is done. At least US markets attained some altitude to fall from.

Wait till the bond market starts getting skittish... Canadian gov't, just like most others, doesn't have a lot of fiscal room left to maneuver. Surely we can just lower interest rates to stimulate aggregate demand...

[GDR]

First thought is there should be a pile of RRSP dollars going into the markets over the next few weeks. I assume that should be supportive to the markets especially the larger cap stocks the DOW and TSX is made of.

Second thought is I need to put some RRSP money in but kinda scared of all fronts, anybody got a crystal ball?

[errolanderson]

You can almost hear the 'creaks and cracks' rippling across the floor of massively underfunded and overleveraged U.S. pension funds now. American recession now fast approaching (IMO) . . . .

So much for badly needed U.S. Fed rate hikes in 2018 taming U.S. inflationary risk.

[MBgrower]

First thought is there should be a pile of RRSP dollars going into the markets over the next few weeks. I assume that should be supportive to the markets especially the larger cap stocks the DOW and TSX is made of.

Second thought is I need to put some RRSP money in but kinda scared of all fronts, anybody got a crystal ball?

throw it in a cash account and find a bottom later

[GDR]

throw it in a cash account and find a bottom later

That was my thought too.

[Rareearth]

Cash account and hope they are “too big to fail”