Huge stock market correction coming

[Skorp1o]

I walk past the Bank of England on my lunch break, I better print this whole thread and take it to the new governor of the Bank of England Mark Carney to warn him.

[MikMaq]

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On number 4, you are aware of the property bubble in canada right?

It's fucking brutal to be honest.

[Teutonic Knight]

Let's hope for total Putin fuck up ,new Euro war would be economical gold mine 

[Mr.1derful]

I walk past the Bank of England on my lunch break, I better print this whole thread and take it to the new governor of the Bank of England Mark Carney to warn him.

Carney, the guy that ruined the Canadian economy before moving on to England.

[Mr.1derful]

On number 4, you are aware of the property bubble in canada right?

It's fucking brutal to be honest.

Biggest housing bubble in the world, but sadly most of the public is oblivious.  When it pops, look for the bail-in provision listed on pages 144-145 of the 2013 Federal Action Plan to be implemented to seize deposits. 

[Skorp1o]

Carney, the guy that ruined the Canadian economy before moving on to England.

Yes that's the guy. Can't be anymore useless than Mervyn King.

[Lustral]

I thought it would drop a fair bit last summer when FTSE was getting up over 6800 and dropped to 6200... just went straight back to 6600 and now is around 6800. Markets are overdue a drop of +10% (correction), this has been the longest without a correction for some time.

Thing is it is a total gamble when and how much.

If you shorted and bought gold at right times you'd make good return.

[Skorp1o]

Nick Toscani is a successful day trader too, perhaps he could join in and shed some light on this....may be then I'll be as flash as he is and afford 2 fake Hublot watches.

[Radical Plato]

If only the Western would welcome the economic benefits of legalizing pot, economies could rejuvenate overnight.

[bigkid]

Nick Toscani is a successful day trader too, perhaps he could join in and shed some light on this....may be then I'll be as flash as he is and afford 2 fake Hublot watches.

He's too busy on canal street, adding to his watch collection.

[MikMaq]

Biggest housing bubble in the world, but sadly most of the public is oblivious.  When it pops, look for the bail-in provision listed on pages 144-145 of the 2013 Federal Action Plan to be implemented to seize deposits.  

Yeah well apparently the chinese are going after all the corruption money that fled into canada's condo bubble.

So we'll be stuck footing the bill for same chinese fucks, fucking with ours markets.


Its one thing having your market busted by people unable to keep up.

It's another to have a burst caused by the same pricks that caused the bubble.

Canada is in such brutal denial, ever market has to  be compared to Vancouvers, which in turn makes everyone feel safe, because no where can be bad as vancouver.

If you point to the fact that vancouver is so retarded because of chinks your labelled as racist and the competition is dropped.

I don't care if the market drops off a cliff, but if it does I sure hope canadians stop acting so naive to the chinese.

[Lustral]

If only the Western would welcome the economic benefits of legalizing pot, economies could rejuvenate overnight.

Was saying this to my gf the other day. I don't even smoke pot but it would make billions in tax revenues and concurrently reduce the financial burden of imprisoning people investigating grow houses etc.

[The Onion]

Yeah well apparently the chinese are going after all the corruption money that fled into canada's condo bubble.

So we'll be stuck footing the bill for same chinese fucks fucking with ours markets.


Its one thing having your market busted by people unable to keep up.

It's another to have a burst caused by the same pricks that caused our market to goto shit.

If you have a problem with Musclecenter and Kyumo then why don't you send them a private message.

[The True Adonis]

On number 4, you are aware of the property bubble in canada right?

It's fucking brutal to be honest.

None of it concerns you in the least.  Your situation won`t change one bit.

[MikMaq]

None of it concerns you in the least.  Your situation won`t change one bit.

I was just working in fucking construction you dumb fuck. It's the main reason I left toronto( worked right near bay street).

Your one to talk about holding real jobs, only person I've ever met that brags about living off your parents money.

[Twaddle]

I was just working in fucking construction you dumb fuck. It's the main reason I left toronto( worked right near bay street).

Your one to talk about holding real jobs, only person I've ever met that brags about living off your parents money.

WTF are you two doing posting so early in the morning?  Watching the market?   

[Howard]

Is it me or have any of you heard of a market correction in the 40-60% range?

In Jan of 2008, the market had tanked to real low of around 8000 DJ due to the housing bubble collapse and mortgage deal.
In the past 6 yrs the same market has doubled to an all time high of over 16,000DJ( Dow Jones index).
NOBODY can fully predict the market with 100% accuracy due the random nature of world events.

I'm no financial expert, but I don't see any market bubbles ready to implode now.

[MikMaq]

WTF are you two doing posting so early in the morning?  Watching the market?   

Waiting for school to start.

I live in a different time zone, got myself up at like 4 am to study preping to go back to school.

After working in construction as a laborer/mule, decided I better go back to school before the market shits the bed. Just seeing the way money flew through hands in downtown toronto it was so fucking obvious it's a bubble.

[_aj_]

It's been coming for a while now, but I am continually impressed with the Fed's ability to keep the lid on it. The US government is fully complicit at this point, with phoney-baloney economic statistics and labor rates as well as the not-so-secret POMO balance sheet monetization scheme that keeps pumping more M1 into the economy.

[loco]

Most Americans with a net worth of one million dollars or more are self made millionaires, and they are passive investors, meaning they invest in total market, stock and bond index funds and forget about it.  

They do re-balance their portfolio maybe once a year to make sure their percentages stay on target, but they don't watch the market, they don't buy and sell stocks like maniacs, and they don't worry about the market's ups and downs.

When you buy and sell stocks, you pay a premium in fees.  Add taxes and inflation to this list of things that eat up your gains and you may break even at best, if you are trading stocks all the time.

Invest at least 15% of your salary in total market, stock and bond index funds and forget about it.  You'll be glad when you're old enough to retire, and you won't spend your entire life worrying about this stuff.

[Parker]

If only the Western would welcome the economic benefits of legalizing pot, economies could rejuvenate overnight.

http://www.alternet.org/environment/cannabis-based-batteries-could-charge-your-phone-seconds-and-change-way-we-store-energy

[Mr. MB]

Older Canadians who have paper equity in their homes are buying winter homes in Arizona and west Florida like crazy. If their bubble bursts and they owe more to the lender than the property is worth they might default and move into their USA property. There are tens of thousands of Canadian snow birds here in AZ. If they live here full time and spend their retirement dollars here 12 months out of the year it will be boom town for us. Bring it on ehh.

[MikMaq]

Older Canadians who have paper equity in their homes are buying winter homes in Arizona and west Florida like crazy. If their bubble bursts and they owe more to the lender than the property is worth they might default and move into their USA property. There are tens of thousands of Canadian snow birds here in AZ. If they live here full time and spend their retirement dollars here 12 months out of the year it will be boom town for us. Bring it on ehh.

Very likely to start happening.

Especially in places like vancouver, where parents are gonna start handing over there homes to their children.

It's already a well established trend in canada for parents to help their kids buy there first condo and in the process inflate the housing costs.

In vancouver it's insane. You pay manhattan house prices for a city that isn't much different from portland.

There answer is because there weather in vancouver is so amazing because its rainy like seattles instead of cold like Chicago's.

[The Wrong Advices]

Canada is about to have massive issues with its housing markets.

Yep. In Toronto, dumpy, tear-down pieces of crap with cracked walls, crumbling steps, and moldy basements are costing a million or over. This is a great city, but for f**k's sake. Nuts.

[MikMaq]

Yep. In Toronto, dumpy, tear-down pieces of crap with cracked walls, crumbling steps, and moldy basements are costing a million or over. This is a great city, but for f**k's sake. Nuts.

You should see what it's like when it comes time to fix these places up.

People will spend any amount of money. Every new housing development is basically a blank check.

These people are usually clueless morons, 90 percent of the time haven't even been anywhere else in canada. The standard of living you can get else where is so much better, yet these folks have no clue. This isn't the 90s, the rest of canada is doing far better, with toronto having nothing but finance and RND left. Once these immigrants get over their fear of having to speak english and actually interact with canadians, toronto will see a big shift.


I love toronto, but it's turning into a buffalo detroit hybrid in the not too distant future.

When the hangover starts watch the fuck out.