Volatility Alert (VIX)

[sumdumguy]

Contractors want cash, no Trudeau in that equation.

[errolanderson]

Not a good week for the Dow Jones after testing record highs. Poor earnings from Target, Walmart, Walgreens. Slowing traffic through Starbucks drive-through. Businesses being flat-out liquidated. Employees heard getting no severance stateside on liquidation. This is harder economic fallout than 2008 meltdown.

Recession beginning to hit the U.S. and Canada hard. Middle class tapped out. If this is the beginning of the equity correction, the Fed may be forced to make emergency rate cuts. BOC cuts likely to start within the month (IMO).

[foragefarmer]

Dow YTD up 4.33%, 52 week range 32327 to 40077, yesterday's close 39069.

VIX S&P 500 at 11.93.

Hard to buy into your how many year now predication?

Still not as bad as storing and wagering the farm on $53.00/bushel canola.

[shtferbrains]

Dow YTD up 4.33%, 52 week range 32327 to 40077, yesterday's close 39069.

Suncor up 42% YOY.
Now shipping to tankerloading and Brent pricing?
Hindsight is 20/20.
4% dividend

Golden?
DYOD

[foragefarmer]

Definitely Golden. Good move on your part.

Very rewarding using one's own hard earned dollars to generate more income.

Gives you a good feeling of accomplishment along with pride.

.

[Old Cowzilla]

Canola is up 15% in 3 months so maybe that $53 is at the end of that trend line

[errolanderson]

Deflation hitting like a hammer, now impacting fast food industry.

Spent-out frustrated consumers taking fewer trips through the drive-through. Introducing the $5 buck hamburger. Latte competition incoming? This will trigger a domino impact across the fast food industry and over-priced beverages.

Either drop prices to regain lost customers or go broke may be the only choices. Pick your poison. Gouging days AKA: inflation are over (IMO).

Will central bankers smell-the-coffee?
Consumers are king, not bankers.
errolanderson.substack.com

[foragefarmer]

You're 100% correct regarding gouging, AKA inflation.

The excuses I've heard from so many business regarding price increase is beyond belief.

Kitchen cupboards made and installed by a local company in fall of 2020 $9K, now for kitchen with cupboards 2/3 in size $17k

The conversation didn't go well when they tried to feed me their B.S from the quecard .

All consumers are getting raked with everything, and that's the honest truth.

[foragefarmer]

Canola is up 15% in 3 months so maybe that $53 is at the end of that trend line

End of trend line is 5 years away according to some, and with that Urea will be $2500.00/tonne.

[shtferbrains]

Very rewarding using one's own hard earned dollars to generate more income.

Aren't you the bank stock guy?
Bank stocks aren't something you buy for windfall gains.

[errolanderson]

It’s falling hard now . . . .

Economic indicators sliding as the consumers are spent out. Bank of Canada rate cut next week likely.

[sumdumguy]

Yep, right Errol, I think I saw the sky falling the other day.