24 Hours

[foragefarmer]

So sure are you....

[ATTACH]10547[/ATTACH]

The phrase "It's time not timing that matters" applies to Canadian banks and railways.

But, if you want to bet against them and pick up a quick buck, by all means put your short orders in Jazz.

[Landdownunder]

Thought Australia was only place with obscene house prices in city’s.
And closevrural areas to cities

Apparently you can buy a small villa in Germany France or Italy for 1/2 the price.

[errolanderson]

NASDAQ index threatening to break below 12,000 points, but even this index doesn't reflect the true valuation carnage in technology taking place right now. Tech stocks in absolute turmoil along with cryptos. Bitcoin breaks $29,000. Some secondary cryptos have almost totally collapsed . . . .

It's been estimate $35 trillion of market value has been wiped out since January. Apparently 14% of all global wealth has evaporated.

Robinhood- 54% down since Jan
Wix- 77% down
Coinbase- 80% down
Zoom- 70% down
Shopify- 75% down
Zomato- 60% down

This may take years to repair . . . .

[Taiga]

Some of those businesses were grossly overvalued based on nothing. Shopify for example, while down 75%, still trades at 10x sales which is madness for that. It is just an online store platform.

[jazz]

BIDEN: “We inherited an economy on the brink of a great depression.”

https://twitter.com/Breaking911/status/1524503684192866305

[WiltonRanch]

Bricks and mortar. Solid p/e, solid value, good dividends etc. Last tech bubble in late 90’s early 2000’s the solid stocks were undervalued vs techs. I bought CIBC for $30 and put into a drip and forgot about it. Wish I invested more. My opinion cryptos look like a scam. I don’t follow enough to back that up but that’s what I think. It’s the blockchain which enables the scheme to function which has the value.

[furrowtickler]

Some of those businesses were grossly overvalued based on nothing. Shopify for example, while down 75%, still trades at 10x sales which is madness for that. It is just an online store platform.

Agree , When people have way less disposable income, this was inevitable.
Add in ever increasing taxes imposed by the liberals and bingo we have a train wreck for 90% of the Canadian citizens

[bobofthenorth]

NASDAQ index threatening to break below 12,000 points, but even this index doesn't reflect the true valuation carnage in technology taking place right now. Tech stocks in absolute turmoil along with cryptos. Bitcoin breaks $29,000. Some secondary cryptos have almost totally collapsed . . . .

It's been estimate $35 trillion of market value has been wiped out since January. Apparently 14% of all global wealth has evaporated.

I hope you are being sarcastic - there never was any "value" for a lot of that vaporware.

I have a screen that I run when I'm looking for short candidates. I just ran it for giggles - it returned 20 names with market cap over 2B & P/E over 100. There is no way anyone should own anything with that ridiculous number attached to it. The market may be returning to sanity but it had a long way to go and we're not completely there yet.

[WiltonRanch]

I hope you are being sarcastic - there never was any "value" for a lot of that vaporware.

I have a screen that I run when I'm looking for short candidates. I just ran it for giggles - it returned 20 names with market cap over 2B & P/E over 100. There is no way anyone should own anything with that ridiculous number attached to it. The market may be returning to sanity but it had a long way to go and we're not completely there yet.

Boy when it gets back to sanity how much money evaporates?

[errolanderson]

Boy when it gets back to sanity how much money evaporates?

Now stir-in . . . The Lehman Bros of 'Crypto' in-progress. This is a now a massive collapse.

[foragefarmer]

Now stir-in . . . The Lehman Bros of 'Crypto' in-progress. This is a now a massive collapse.

You got this right, definitely going to nothing.

Wasn't Conservative hopeful PP talking up Bitcoin just a month ago.

Another career politician that knows F uck all about business wanting to run Canada.

[checking]

Debt defaults will force asset liquidation.

All financial sectors are tumbling. Stocks, bonds, cryptos under severe pressure . . . only place to hide right now is cash (in my view). Cash on-the-sidelines now has value.

My two-bits . . . .

Mattress location?

Oil to slide to $180.00/barrel. Where is Macdon? Peed off easterners over comment that maybe you should ask yourself if that vehicle trip is necessary, or maybe you could hitch a ride with the neighbour going by. Empty tank is a touchy subject at $110.00/barrel

Ty to admin for non redacted marketing section. Hopefully the lion feature keeps the zebra population eliminated, although maybe this would be a good time to ask anyone willing, where is your favourite futures site?