Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash out

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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.

financialpost Buy high sell low, the strategy of winners.

financialpost As mine recover to a break-even point, I am cashing out as much as possible and going into short-term GICs. When we get a Conservative majority, I would again look at investing in Canada.

financialpost Week old story! Also a weak story. Why would anyone in their right mind cash out now?

financialpost Good I’ll just keep buying up those high yield high dividend equities while the lemmings run for the hills and make .001 interest in their bank accounts

financialpost Well it’s most definitely time to buy then. Always do the opposite of what the crowd does 😂. And not like those crypto half baked advice from cryptobro

financialpost Already called out

financialpost That's the end of stock market! It can't following the great changes we live.

financialpost Time to buy then.

financialpost The stock market is meant for the long term. “Cashing out” shouldn’t be occurring unless you shouldn’t really have been there in the first place. Reducing exposure over time, taking advantage of opportunities… Now’s the time to be picking up bargains.

financialpost TV/Social Media so called analysts, gossip providers, influencers, undermining integrity of cap mkts. Leaking unverified tidbit slanted info/gossip to influence price of cos prob for own gain.SEC must ensure any bit info verified as absolutely full true,complete before aired!!

financialpost Now is the time to dollar cost average down. Hodl & fucktr

financialpost Millions probably are not in the stock market 🤷‍♀️

financialpost There's going to be lots of good bargains out there.

financialpost Is there anything more stupid than cashing out at a loss?

financialpost Buy bitcoin 🤡

financialpost oh oh,trudeau must go

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Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash outICYMI: Millions of Canadians are losing confidence in the stock market and plan to cash out stocks stockmarket 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. And they will buy bitcoins isn’t. At the end they don’t have choice…long live to the bull market. 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.
Source: financialpost - 🏆 7. / 85 Read more »

Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash outICYMI: Millions of Canadians are losing confidence in the stock market and plan to cash out stocks stockmarket 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. And they will buy bitcoins isn’t. At the end they don’t have choice…long live to the bull market. 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.
Source: financialpost - 🏆 7. / 85 Read more »