TSX Correction?

Spoolin335 · 07-08-2009, 11:59 AM

Since July 3 the market has been just crashing. My portfolio has lost 25% in about 5 days. This better be the correction, because if it isnt we are sure in for a ride.

Anyone get out last week before the market took a shit again? i know i was thinking about it but didnt.

Ah well, time to buy more cheap stocks!

Soks · 07-08-2009, 12:03 PM

I Just Lost All My Cows At The Market Too. I Think The Farm System Needs An Overhaul.

miraclewhip · 07-08-2009, 12:08 PM

tell me bout it, i gotta sell my lemonade stand to make another car payment.. sigh

Spoolin335 · 07-08-2009, 12:10 PM

hahaha i went to take out a loan so i can get a whole bunch more shares while they are way down. just waiting for it to start to rebound before i risk getting in.

dpwr · 07-08-2009, 01:13 PM

i unloaded 1/3 of my portfolio before it started to crush again (was thinking to sell everything but was too chicken)... man, if this thing makes a double bottom formation i'm going all in, this is what everyone was waiting for, for stock market to retreat before it shoots up (going up non stop is not healthy for the market)... thing that worries me, alot of analysts say it'll be a LONG recovery, so don't expect TSX to shoot back to 15000 anytime soon, might take a while

A.Kon · 07-08-2009, 01:15 PM

geez louise.
I doubt the roller coaster is over.

I'm putting my bets on oil right now - atleast for the short term (5-6 months).
Yes .. I'm bettting on some crazy hurricanes - stupid I know.

CHCCubs · 07-08-2009, 01:18 PM

As long as the commodity prices (oil, gold, etc) keep falling so will the TSX and the CDN dollar for that matter too.

Delta0311 · 07-08-2009, 01:20 PM

I been doing a lot of MOMO plays with penny stocks, maybe some easy money. Just get on it in the morning when a good PR hits and be out before 4pm.

dpwr · 07-08-2009, 01:20 PM

Quote:

Originally Posted by CHCCubs

As long as the commodity prices (oil, gold, etc) keep falling so will the TSX and the CDN dollar for that matter too.

commodity also depend on economic recovery, so the faster economy recovers the faster commodity prices rebound

ehhhwik · 07-08-2009, 01:20 PM

i decided to put some cash to work in the last 2 days, energy stocks are being corrected like crazy, i am planning to pick up some financials as well soon as it obviously shows that they were overpriced for quite awhile and people are mass selling them, hopefully i can pick up some banks for a discount

bulldog_yyc · 07-08-2009, 03:42 PM

got hammered pretty hard for the past few weeks - 95% equity here

DinoMite · 07-08-2009, 06:11 PM

I feel sorry for people that got back into the market after supposedly it bottoming out... i could smell just a small fart bubble brewing, i expect the down hill slide to continue.... and the "Depression" to last 10 years (Unless they invent a war or two to speed along the process).

boymonkey · 07-08-2009, 06:18 PM

I wish I was in on the 6000 points to 10000 points ride.

07-08-2009, 11:59 AM	#1
Spoolin335 Justin Herass 355 Rep 1,205 Posts Drives: X6M / M3 Join Date: Nov 2008 Location: Canada iTrader: (7) Garage List 2015 BMW M3 [0.00] 2012 Audi TTRS [10.00] 2012 BMW X6M [9.00] 2007 BMW 335i [9.00]	TSX Correction? Since July 3 the market has been just crashing. My portfolio has lost 25% in about 5 days. This better be the correction, because if it isnt we are sure in for a ride. Anyone get out last week before the market took a shit again? i know i was thinking about it but didnt. Ah well, time to buy more cheap stocks!
	Appreciate 0 Tweet Quote

07-08-2009, 12:03 PM	#2
Soks First Lieutenant 37 Rep 310 Posts Drives: 2006 325i Join Date: Aug 2007 Location: Toronto iTrader: (1)	I Just Lost All My Cows At The Market Too. I Think The Farm System Needs An Overhaul.
	Appreciate 0 Quote

07-08-2009, 12:08 PM	#3
miraclewhip the poster formerly known as GTA-335xi 24 Rep 370 Posts Drives: slow homie Join Date: Jul 2008 Location: tdot iTrader: (3)	tell me bout it, i gotta sell my lemonade stand to make another car payment.. sigh
	Appreciate 0 Quote

07-08-2009, 12:10 PM	#4
Spoolin335 Justin Herass 355 Rep 1,205 Posts Drives: X6M / M3 Join Date: Nov 2008 Location: Canada iTrader: (7) Garage List 2015 BMW M3 [0.00] 2012 Audi TTRS [10.00] 2012 BMW X6M [9.00] 2007 BMW 335i [9.00]	hahaha i went to take out a loan so i can get a whole bunch more shares while they are way down. just waiting for it to start to rebound before i risk getting in.
	Appreciate 0 Quote

07-08-2009, 01:13 PM	#5
dpwr Captain 40 Rep 852 Posts Drives: a good one Join Date: Oct 2008 Location: Toronto iTrader: (0)	i unloaded 1/3 of my portfolio before it started to crush again (was thinking to sell everything but was too chicken)... man, if this thing makes a double bottom formation i'm going all in, this is what everyone was waiting for, for stock market to retreat before it shoots up (going up non stop is not healthy for the market)... thing that worries me, alot of analysts say it'll be a LONG recovery, so don't expect TSX to shoot back to 15000 anytime soon, might take a while
	Appreciate 0 Quote

07-08-2009, 01:15 PM	#6
A.Kon Second Lieutenant 11 Rep 259 Posts Drives: AW F10 Join Date: Apr 2009 Location: Toronto iTrader: (4)	geez louise. I doubt the roller coaster is over. I'm putting my bets on oil right now - atleast for the short term (5-6 months). Yes .. I'm bettting on some crazy hurricanes - stupid I know.
	Appreciate 0 Quote

07-08-2009, 01:18 PM	#7
CHCCubs Colonel 97 Rep 2,101 Posts Drives: 2013 BMW 328i xDrive Sport Join Date: Apr 2009 Location: Toronto, ON, Canada iTrader: (0)	As long as the commodity prices (oil, gold, etc) keep falling so will the TSX and the CDN dollar for that matter too. __________________ 2013 BMW 328i xDrive Sport Line Mineral Grey on Everest Grey
	Appreciate 0 Quote

07-08-2009, 01:20 PM	#8
Delta0311 Banned 7487 Rep 10,119 Posts Drives: 2011 BMW 335xi E92 2016 228xi Join Date: Apr 2009 Location: NJ iTrader: (1)	I been doing a lot of MOMO plays with penny stocks, maybe some easy money. Just get on it in the morning when a good PR hits and be out before 4pm.
	Appreciate 0 Quote

07-08-2009, 01:20 PM	#10
ehhhwik Brigadier General 118 Rep 3,431 Posts Drives: 09' BMW 335d, 07' BMW E92 328i Join Date: Oct 2006 Location: Vancouver, BC iTrader: (5)	i decided to put some cash to work in the last 2 days, energy stocks are being corrected like crazy, i am planning to pick up some financials as well soon as it obviously shows that they were overpriced for quite awhile and people are mass selling them, hopefully i can pick up some banks for a discount __________________ Current: 09' E90 335d - Titanium Silver/Black Leatherette/Sports Package/6AT Paddle Shift/USB Integration/19" Staggered Breyton GT Gloss Black Retired: 07' E92 328i (Jet Black)
	Appreciate 0 Quote

07-08-2009, 03:42 PM	#11
bulldog_yyc Major General 136 Rep 5,040 Posts Drives: GT3RS Join Date: Oct 2008 Location: probably work iTrader: (28)	got hammered pretty hard for the past few weeks - 95% equity here
	Appreciate 0 Quote

07-08-2009, 06:11 PM	#12
DinoMite First Lieutenant 11 Rep 379 Posts Drives: 2013 - 335is Coupe Join Date: Aug 2008 Location: Mississauga iTrader: (0)	I feel sorry for people that got back into the market after supposedly it bottoming out... i could smell just a small fart bubble brewing, i expect the down hill slide to continue.... and the "Depression" to last 10 years (Unless they invent a war or two to speed along the process).
	Appreciate 0 Quote

07-08-2009, 06:18 PM	#13
boymonkey Lieutenant 41 Rep 530 Posts Drives: slow Join Date: Apr 2007 Location: Canada iTrader: (0)	I wish I was in on the 6000 points to 10000 points ride.
	Appreciate 0 Quote