Financial Post Top Stories
But if U.S. stocks had it bad, the S&P/TSX composite 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.
One other reason is obvious signs of market manipulation. When fundamentals and stocks movement are not in sync, what else could be? Energy crisis is at all time high and energy stocks are going down, what could this be?!
The stock market is not designed for the succcess of the small retail investor. The big hedge fund managers have access to resources like Bloomberg analytics that cost 100s of 1000s a year in fees. It's for institutional investors like pension funds and University endowments.
And they will buy bitcoins isn’t. At the end they don’t have choice…long live to the bull market.
Stock markets are casinos where you gamble on what the central banks next policy move will be. QE makes stock prices go up. QT makes stock prices go down.