Stock Market Chatter

[sumdumguy]

Being cooped up makes an idle mind idler. But one thing I’ve noticed amongst my friends is the stock market chatter, some even designing computer programs to monitor 30-100 stocks at once. Buttons pushing. Sooooo lets have a look- BMO.TO over 100 Feb 2020 and $67-68 now. Any body else keeping an eye on real progress? Tune in!

[jazz]

Wouldn't be buying anything in Canada at the moment.

https://business.financialpost.com/pmn/business-pmn/jpmorgan-slashes-canadian-growth-forecast-on-uneven-reopening JPMorgan Slashes Canadian Growth Forecast on 'Uneven' Reopening

The country’s real gross domestic product will shrink by 45% annualized in the second-quarter, more than an earlier forecast of 30%, Silvana Dimino, an economist at JPMorgan, wrote Tuesday in a note to clients. The bank also reduced its full-year 2020 call to a 9% contraction, from 7%, even after predicting higher average growth in the second half.

I say let skippy have the election and finish the county off once and for all.

[MBgrower]

Agreed, anything Canadian is big risk, banks maybe not so much.

[farmaholic]

Nothing grows forever, so now we are going to give back some of the "forced economy", albeit probably way more than is......

[foragefarmer]

"The World Economic Forum consistently ranks Canada’s banks among the world’s safest. Competent regulators have overseen stress tests, tightened lending standards and delinquency rates are low."


Great dividends, and the Big Six put American banks to shame regarding solvency!

[beaverdam]

Food for though,,,

as cottonpicken would say, dyod

https://www.zerohedge.com/markets/dont-believe-happy-talk-jim-rickards-warns-time-different https://www.zerohedge.com/markets/dont-believe-happy-talk-jim-rickards-warns-time-different

[furrowtickler]

"The World Economic Forum consistently ranks Canada’s banks among the world’s safest. Competent regulators have overseen stress tests, tightened lending standards and delinquency rates are low."


Great dividends, and the Big Six put American banks to shame regarding solvency!

Past tense maybe ??

[foragefarmer]

Furrow

This $62 billion bank is the friendliest company to retirees and all other investors. BMO has established a tradition of paying dividends, and the record at present stands at 190 years.


Your so negative towards anything Canadian!!You keep your money under the mattress, I'm not betting against a 190 yr old record and will continue to receive BMO's $4.24 yearly dividend at a 6.75% rate of return!

[Oliver88]

CIBC is under $80 now and has a dividend over 7%. They haven’t cut dividends in over 120 years.

[jazz]

You guys might want to have a closer look at whats coming.

https://www.bnnbloomberg.ca/soaring-canadian-deficit-may-jeopardize-aaa-rating-macquarie-1.1436065 Soaring Canadian deficit may jeopardize AAA rating: Macquarie

[furrowtickler]

Furrow

This $62 billion bank is the friendliest company to retirees and all other investors. BMO has established a tradition of paying dividends, and the record at present stands at 190 years.


Your so negative towards anything Canadian!!You keep your money under the mattress, I'm not betting against a 190 yr old record and will continue to receive BMO's $4.24 yearly dividend at a 6.75% rate of return!

Easy there, guy ...
I was extremely optimistic about Canada before Trudeau, ya not so much now.
And good luck with your dreams .
Reality will kick in shortly

[furrowtickler]

Most of “my money” goes to taxes for everyone else to sit on their butts ...

[furrowtickler]

Ya , BMO is in your best interest lol
So are casinos in Vegas lol

[jdg364]

I can’t believe how the market has recovered off their Late March lows.. I’ve had half my account in cash waiting for the next “shoe to drop” but things decided to rally 30+% instead.

I’ve bought some banking stocks now and feel like it’ll be a solid dividend paying portion of my portfolio. Bought a little technology but that shit is pretty expensive (shopify being worth more than Royal Bank).

[foragefarmer]

Furrow

"Most of “my money” goes to taxes for everyone else to sit on their butts ... "

Do you need a hug, I know seeding is a stressful time, we're all working hard, your not alone.

As for losing faith in Canada because of Trudeau is not a solid answer, if Scheer was in there he would be doing the exact same thing as he's no smarter, the October election proved that.

To me Canada is the greatest country in the world to live in, no Political Colour will change that for me.

Good luck seeding, stay safe!