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But if U.S. stocks had it bad, the S&P/TSX compsoite had it worse. Canada’s main stock index posted its biggest drop in more than three months Friday as oil prices fell. For the week, the index lost 4.7 per cent and has fallen about 16 per cent from its record closing high in March.“These are uncharted waters,” Sam Stovall, chief investment strategist at CFRA Research, told Reuters. “The market right now is going through a crisis of confidence.
Almost half of those polled about their investment plans, 41 per cent, are sticking with the market, planning to buy and hold for the long term. But 74 per cent are not convinced that they will make a profit on their investments this year.Article content Pessimism is far from just a Canadian phenomenon. According to the strategists at BofA Global Research, investor sentiment is “unquestionably” the worst since the global financial crisis, with its bull and bear indicator returning to its maximum level of bearishness.
Perfect, irrational fear presents buying opportunity.
It’s the media and liberal government we don’t have faith in. In turn they ruin everything they are near.
Better to ride out the recession (if it happens) in solid stocks. But voters need to push Govts for policies aimed at a future prosperous ecologically sound sustainable economy, with a more modern financial system to help make that happen. Canada example recovery economy
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Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash out\u0027This could turn into a really big problem\u0027
La source: financialpost - 🏆 7. / 85 Lire la suite »
Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash outMillions of Canadians are losing confidence in the stock market and plan to cash out — via financialpost stocks stockmarket financialpost When something like that comes out, you know that's the wrong thing to do. financialpost Short of total economic collapse, once we hit the bottom here people have an opportunity to invest and maybe see some great returns. Of course it will be tricky to know when to buy. financialpost And yet..like the oft discussed fabled Democrat wave moving to Canada....the TSX will carry on. Slow news day?
La source: nationalpost - 🏆 10. / 80 Lire la suite »
Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash outMillions of Canadians are losing confidence in the stock market and plan to cash out stocks stockmarket Better to ride out the recession (if it happens) in solid stocks. But voters need to push Govts for policies aimed at a future prosperous ecologically sound sustainable economy, with a more modern financial system to help make that happen. Canada example recovery economy It’s the media and liberal government we don’t have faith in. In turn they ruin everything they are near. Perfect, irrational fear presents buying opportunity.
La source: financialpost - 🏆 7. / 85 Lire la suite »