It's crazy for the markets to keep going up. We are no where close to a cure or a vaccine yet the markets want to move higher? Of course, I thought the same thing 2 weeks ago when the recovery had bounced a full 20% off the March lows. I would have expected that this short squeeze would have ended weeks ago, but it's clear I have a much looser grasp of what's going on in our markets than I thought. Simply put, these are the most unpredictable markets I have seen in my lifetime. I have no idea what's going to happen in the short run.
The main thing is that the pandemic is being exposed as overrated hype by the media. The numbers are now being shown as way overblown and exaggerated. Of course, it is very serious. But people realize now that the shutdown of the economy was not the right response.
If you look back and study past pandemics and almost-pandemics you will not really find a correlation between pandemics and the markets. The markets are too dynamic and you cannot just simply look at the pandemic and the market in a vacuum. Surely, there will be some affect on the market, usually short-lived. But the same ‘reasons’ the market was going up before the pandemic outbreak are still in play. Sure, some companies may falter — or even fail — but there are signs that some are going to continue growing very strongly.
The media cannot fool everyone all the time. Now the investors also see the economy looks to start opening back up. They see infusion by the government.
Whether it is fair or not, investors are smarter than non-investors on average. The bigger investors are smarter than the smaller investors. That is just the way it is. These folks are also less influenced by outside bias. They just look at what they know — they do not care what the media says that much.
Investors like stability. It looks more and more like Trump could be re-elected. He is good for business. It looks like the pandemic may be waning and that means the economy will be getting back to ‘normal’ soon.
These folks have money to invest and look first to the market to invest — they do not want to be sitting on the sidelines.
So, the things that were driving the markets up before will be still driving it up. Whether folks think that is ‘right’ or ‘there is no reason for it’ or ‘they cannot understand it’. Investors like the direction the country was going as a whole. They like Trump. They liked the China trade deal. They like the tax cuts. They like the chances of the things that have been making them money to continue.
Bottom line: don’t put too much in the pandemic when looking at the stock markets. Pretty much the market is a daily evaluation of the direction and strength of companies that investors feel is correct at that time. In gambling parlance: they are betting on the come (compensation based on future success).
The market had an overdue correction. Investors feel that was enough; now time for the market to rebound and continue up.
Quote Originally Posted by gambleholic63:
It's crazy for the markets to keep going up. We are no where close to a cure or a vaccine yet the markets want to move higher? Of course, I thought the same thing 2 weeks ago when the recovery had bounced a full 20% off the March lows. I would have expected that this short squeeze would have ended weeks ago, but it's clear I have a much looser grasp of what's going on in our markets than I thought. Simply put, these are the most unpredictable markets I have seen in my lifetime. I have no idea what's going to happen in the short run.
The main thing is that the pandemic is being exposed as overrated hype by the media. The numbers are now being shown as way overblown and exaggerated. Of course, it is very serious. But people realize now that the shutdown of the economy was not the right response.
If you look back and study past pandemics and almost-pandemics you will not really find a correlation between pandemics and the markets. The markets are too dynamic and you cannot just simply look at the pandemic and the market in a vacuum. Surely, there will be some affect on the market, usually short-lived. But the same ‘reasons’ the market was going up before the pandemic outbreak are still in play. Sure, some companies may falter — or even fail — but there are signs that some are going to continue growing very strongly.
The media cannot fool everyone all the time. Now the investors also see the economy looks to start opening back up. They see infusion by the government.
Whether it is fair or not, investors are smarter than non-investors on average. The bigger investors are smarter than the smaller investors. That is just the way it is. These folks are also less influenced by outside bias. They just look at what they know — they do not care what the media says that much.
Investors like stability. It looks more and more like Trump could be re-elected. He is good for business. It looks like the pandemic may be waning and that means the economy will be getting back to ‘normal’ soon.
These folks have money to invest and look first to the market to invest — they do not want to be sitting on the sidelines.
So, the things that were driving the markets up before will be still driving it up. Whether folks think that is ‘right’ or ‘there is no reason for it’ or ‘they cannot understand it’. Investors like the direction the country was going as a whole. They like Trump. They liked the China trade deal. They like the tax cuts. They like the chances of the things that have been making them money to continue.
Bottom line: don’t put too much in the pandemic when looking at the stock markets. Pretty much the market is a daily evaluation of the direction and strength of companies that investors feel is correct at that time. In gambling parlance: they are betting on the come (compensation based on future success).
The market had an overdue correction. Investors feel that was enough; now time for the market to rebound and continue up.
You see things from an industry perspective like reading what someone on CNBC says or what a financial rep who is reading a sale script says..and in my view and others here, your view is false.
My opinion is prior to the pandemic the market was overvalued by 50% plus, that valuations are due to rate and the FED which has enabled debt and financial engineering to be more profitable than capital good investments...that is why the market is up to me. And the reason why the market bounced really have nothing to do with the companies in the market, nor many participants because corporate earnings WILL and HAVE taken a hit...every industry even tech has been hit and it isnt some imaginary thing that goes away in a quarter or two..this has damaged industries with impact. When a company who was making cash flows no longer does so, THAT is an impact. When a company has a 50% hit in sales, has to take on junk debt to fund operations and fixed costs, THAT is an impact. When a professional basketball team has to take a government loan because they were concerned about fixed costs being met, THAT is an impact. When a strong company has to furlough employees and is concerned about revenues going forward...well the point is made.
This isnt some under reported fabricated media event...this is the decision between profits and lives, this isnt the flu and some people died, this is serious and profits are not more important than lives.
The market bounced back because the FED threw TRILLIONS of dollars at the banks and large corps to feed them and stop them from taking the global economy under...the USG has and continues to spend TRILLIONS to support the economy and that always starts at the top with the elite and maybe a few crumbs floats down to the common folk, but the BULK of the benefit was and always is to the elite and corporations. So many examples of who wins and loses, the elite always win and the little guy who floats check to check is losing.
If the FED had done nothing, what would have gone down here? Would the smart market just sluffed off this flu type issue and are we back to these levels as fast as we have been? The answer is NO and that is the ONLY answer...your CNBC summary is out of touch and kind of offensive to be honest.
Raiders,
You see things from an industry perspective like reading what someone on CNBC says or what a financial rep who is reading a sale script says..and in my view and others here, your view is false.
My opinion is prior to the pandemic the market was overvalued by 50% plus, that valuations are due to rate and the FED which has enabled debt and financial engineering to be more profitable than capital good investments...that is why the market is up to me. And the reason why the market bounced really have nothing to do with the companies in the market, nor many participants because corporate earnings WILL and HAVE taken a hit...every industry even tech has been hit and it isnt some imaginary thing that goes away in a quarter or two..this has damaged industries with impact. When a company who was making cash flows no longer does so, THAT is an impact. When a company has a 50% hit in sales, has to take on junk debt to fund operations and fixed costs, THAT is an impact. When a professional basketball team has to take a government loan because they were concerned about fixed costs being met, THAT is an impact. When a strong company has to furlough employees and is concerned about revenues going forward...well the point is made.
This isnt some under reported fabricated media event...this is the decision between profits and lives, this isnt the flu and some people died, this is serious and profits are not more important than lives.
The market bounced back because the FED threw TRILLIONS of dollars at the banks and large corps to feed them and stop them from taking the global economy under...the USG has and continues to spend TRILLIONS to support the economy and that always starts at the top with the elite and maybe a few crumbs floats down to the common folk, but the BULK of the benefit was and always is to the elite and corporations. So many examples of who wins and loses, the elite always win and the little guy who floats check to check is losing.
If the FED had done nothing, what would have gone down here? Would the smart market just sluffed off this flu type issue and are we back to these levels as fast as we have been? The answer is NO and that is the ONLY answer...your CNBC summary is out of touch and kind of offensive to be honest.
Of course. I said it is serious. But the reaction want warranted and has proved to not be as effective as hoped. And the recovery seems to have started.
But absolutely if it drags on and we keep the economy suppressed—then there will be longterm consequences.
Of course. I said it is serious. But the reaction want warranted and has proved to not be as effective as hoped. And the recovery seems to have started.
But absolutely if it drags on and we keep the economy suppressed—then there will be longterm consequences.
“My opinion is prior to the pandemic the market was overvalued by 50% plus...”
To be fair you were simply outnumbered. Too many others felt the opposite.
By the ‘way’ you value it — it was overvalued. But you just happened to be wrong for over 10 years.
I’m telling you that sitting on the sidelines while these guys that ‘drive’ the market take it up is very costly. That is where the value needs to be made. What direction is the market going longterm?
Nothing wrong with using any data you like PE, FED input, over exuberance, whatever metrics you wanna choose. But if the dynamics don’t warrant using them—then they are no good. It may help you pick one stock from another as a good buy — but if that is NOT what is driving the market then you miss out.
There are many ways to play a ‘negative’ market also. But you have to be right about it turning down — and for an extended period.
“My opinion is prior to the pandemic the market was overvalued by 50% plus...”
To be fair you were simply outnumbered. Too many others felt the opposite.
By the ‘way’ you value it — it was overvalued. But you just happened to be wrong for over 10 years.
I’m telling you that sitting on the sidelines while these guys that ‘drive’ the market take it up is very costly. That is where the value needs to be made. What direction is the market going longterm?
Nothing wrong with using any data you like PE, FED input, over exuberance, whatever metrics you wanna choose. But if the dynamics don’t warrant using them—then they are no good. It may help you pick one stock from another as a good buy — but if that is NOT what is driving the market then you miss out.
There are many ways to play a ‘negative’ market also. But you have to be right about it turning down — and for an extended period.
You absolutely have to go with what works. If what you are doing isn’t not showing you a market that goes up and up for 10 years — you have to reevaluate the way you are looking at the market dynamics.
Maybe they will get back to the old-tried-and-true methods. But why wait and wait — just in case.
Remember, for example, the old guys like Buffet Pooh-Poohing the Dotcoms because they couldn’t evaluate them like ‘normal’ stocks?
You absolutely have to go with what works. If what you are doing isn’t not showing you a market that goes up and up for 10 years — you have to reevaluate the way you are looking at the market dynamics.
Maybe they will get back to the old-tried-and-true methods. But why wait and wait — just in case.
Remember, for example, the old guys like Buffet Pooh-Poohing the Dotcoms because they couldn’t evaluate them like ‘normal’ stocks?
If rates were near or even LOWER than historical norms where would the stock market be? What happened to the stock market when the FED tried to normalize rates?
Its all about cheap easy leverage...thats all this is about. Without easy FED policy the market would be 50% lower, maybe worse..especially if the FED did not interject during crisis to the multiple that they have. If the market could support itself then the FED would not need to inject and support it to the multiples it has.
This is very simple actually...
If rates were near or even LOWER than historical norms where would the stock market be? What happened to the stock market when the FED tried to normalize rates?
Its all about cheap easy leverage...thats all this is about. Without easy FED policy the market would be 50% lower, maybe worse..especially if the FED did not interject during crisis to the multiple that they have. If the market could support itself then the FED would not need to inject and support it to the multiples it has.
And did you answer my question about what would happen if the FED did not step in with TRILLIONS of liquidity, credit lines and assistance? Where would the market be? Your thesis of the market being superior to such things as this pandemic rest on this issue.
So please answer that question...or just admit that the FED runs this market and move on with your CNBC copy and paste stuff.
And did you answer my question about what would happen if the FED did not step in with TRILLIONS of liquidity, credit lines and assistance? Where would the market be? Your thesis of the market being superior to such things as this pandemic rest on this issue.
So please answer that question...or just admit that the FED runs this market and move on with your CNBC copy and paste stuff.
“If the FED had done nothing, what would have gone down here? Would the smart market just sluffed off this flu type issue and are we back to these levels as fast as we have been? The answer is NO and that is the ONLY answer...your CNBC summary is out of touch and kind of offensive to be honest.”
Trust me — the FED did what it did. Sorry if it offends you. But like they say, “You go to war with the army that you have.”
If nothing else invest and make money until the market is not the best alternative, instead of looking for reasons NOT to invest.
You know how I feel about the FED — but it is there. AND it has to be factored in, whether we like it or not.
“If the FED had done nothing, what would have gone down here? Would the smart market just sluffed off this flu type issue and are we back to these levels as fast as we have been? The answer is NO and that is the ONLY answer...your CNBC summary is out of touch and kind of offensive to be honest.”
Trust me — the FED did what it did. Sorry if it offends you. But like they say, “You go to war with the army that you have.”
If nothing else invest and make money until the market is not the best alternative, instead of looking for reasons NOT to invest.
You know how I feel about the FED — but it is there. AND it has to be factored in, whether we like it or not.
What about the health sector? Specifically, the marijuana sector. A recession like environment doesn't seem to hurt the drugs and alcohol sells. There has also been talk about CBD oil helping with Covid-19. The sector has fallen in the last year drastically because it was overvalued with too much hype initially.
You guys seem to have a firm grasp on finances... is the mj sector something you would consider?
What about the health sector? Specifically, the marijuana sector. A recession like environment doesn't seem to hurt the drugs and alcohol sells. There has also been talk about CBD oil helping with Covid-19. The sector has fallen in the last year drastically because it was overvalued with too much hype initially.
You guys seem to have a firm grasp on finances... is the mj sector something you would consider?
And did you answer my question about what would happen if the FED did not step in with TRILLIONS of liquidity, credit lines and assistance? Where would the market be? Your thesis of the market being superior to such things as this pandemic rest on this issue. So please answer that question...or just admit that the FED runs this market and move on with your CNBC copy and paste stuff.
Sure. See the above answer about the FED. Absolutely not a fan. But it is what it is. Monetary policy is a factor.
It doesn’t matter what my opinion about the market being superior or not to pandemics is. I deal in data day in and day out — again, it is what it is. Pandemics have not shown causality with markets predominantly. I don’t have an opinion on it because I know the studies. So, I accept it and move on. Market is going back up. Until it is shown to me the pandemic is being it back down—I have to go with the evidence is all.
I can’t (nor can you) will the market to go one way or the other just because we THINK a certain thing should matter to the market when it doesn’t matter.
Quote Originally Posted by wallstreetcappers:
And did you answer my question about what would happen if the FED did not step in with TRILLIONS of liquidity, credit lines and assistance? Where would the market be? Your thesis of the market being superior to such things as this pandemic rest on this issue. So please answer that question...or just admit that the FED runs this market and move on with your CNBC copy and paste stuff.
Sure. See the above answer about the FED. Absolutely not a fan. But it is what it is. Monetary policy is a factor.
It doesn’t matter what my opinion about the market being superior or not to pandemics is. I deal in data day in and day out — again, it is what it is. Pandemics have not shown causality with markets predominantly. I don’t have an opinion on it because I know the studies. So, I accept it and move on. Market is going back up. Until it is shown to me the pandemic is being it back down—I have to go with the evidence is all.
I can’t (nor can you) will the market to go one way or the other just because we THINK a certain thing should matter to the market when it doesn’t matter.
What about the health sector? Specifically, the marijuana sector. A recession like environment doesn't seem to hurt the drugs and alcohol sells. There has also been talk about CBD oil helping with Covid-19. The sector has fallen in the last year drastically because it was overvalued with too much hype initially. You guys seem to have a firm grasp on finances... is the mj sector something you would consider?
Both alcohol and marijuana shops were deemed ‘essential’ and stayed open while others that you might think were essential had to close. I just thought that was amusing.
But I for sure have a great outlook for healthcare sector for numerous reasons. Big details on that but tedious for here right now.
As for Marijuana, I think it will do well. But just in general principle I don’t care for it. So have done very little research in it. Things I don’t like or believe in — I don’t invest in. Cigarettes, etc.
But I will say for medicinal and all the good things it has shown — yes, it looks very promising. But you always have to remember there is more to it than just investing. Have to keep in mind regulations, competition, etc.
But good luck with it if you get in it.
Quote Originally Posted by SirBruce:
What about the health sector? Specifically, the marijuana sector. A recession like environment doesn't seem to hurt the drugs and alcohol sells. There has also been talk about CBD oil helping with Covid-19. The sector has fallen in the last year drastically because it was overvalued with too much hype initially. You guys seem to have a firm grasp on finances... is the mj sector something you would consider?
Both alcohol and marijuana shops were deemed ‘essential’ and stayed open while others that you might think were essential had to close. I just thought that was amusing.
But I for sure have a great outlook for healthcare sector for numerous reasons. Big details on that but tedious for here right now.
As for Marijuana, I think it will do well. But just in general principle I don’t care for it. So have done very little research in it. Things I don’t like or believe in — I don’t invest in. Cigarettes, etc.
But I will say for medicinal and all the good things it has shown — yes, it looks very promising. But you always have to remember there is more to it than just investing. Have to keep in mind regulations, competition, etc.
Think I saw alcohol sales were up 50% since pandemic. But can’t recall if that was consumption or private buys. Because obviously people can’t go out to drink but have to stay home to drink now.
Also, saw e-commerce way up. Like 30% or so.
So a lot of different ways to go with this pandemic and the aftermath.
Think I saw alcohol sales were up 50% since pandemic. But can’t recall if that was consumption or private buys. Because obviously people can’t go out to drink but have to stay home to drink now.
Also, saw e-commerce way up. Like 30% or so.
So a lot of different ways to go with this pandemic and the aftermath.
Quote Originally Posted by SirBruce: What about the health sector? Specifically, the marijuana sector. A recession like environment doesn't seem to hurt the drugs and alcohol sells. There has also been talk about CBD oil helping with Covid-19. The sector has fallen in the last year drastically because it was overvalued with too much hype initially. You guys seem to have a firm grasp on finances... is the mj sector something you would consider? Both alcohol and marijuana shops were deemed ‘essential’ and stayed open while others that you might think were essential had to close. I just thought that was amusing. But I for sure have a great outlook for healthcare sector for numerous reasons. Big details on that but tedious for here right now. As for Marijuana, I think it will do well. But just in general principle I don’t care for it. So have done very little research in it. Things I don’t like or believe in — I don’t invest in. Cigarettes, etc. But I will say for medicinal and all the good things it has shown — yes, it looks very promising. But you always have to remember there is more to it than just investing. Have to keep in mind regulations, competition, etc. But good luck with it if you get in it.
I too don't like THC but I 100% believe in CBD oil. It has reduced my inflammation caused by rare disease. I heard CBD was being looked at for this very reason in helping deal with Covid-19. I believe this sector had a needed correction to Canadian legalization hype to the point of being over corrected. I've been seeing stats that consumption during pandemic has gone up significantly which should bod well for quarterlies when other sectors financials fail. Just suggesting this might be something to look into.... cheers.
Quote Originally Posted by Raiders22:
Quote Originally Posted by SirBruce: What about the health sector? Specifically, the marijuana sector. A recession like environment doesn't seem to hurt the drugs and alcohol sells. There has also been talk about CBD oil helping with Covid-19. The sector has fallen in the last year drastically because it was overvalued with too much hype initially. You guys seem to have a firm grasp on finances... is the mj sector something you would consider? Both alcohol and marijuana shops were deemed ‘essential’ and stayed open while others that you might think were essential had to close. I just thought that was amusing. But I for sure have a great outlook for healthcare sector for numerous reasons. Big details on that but tedious for here right now. As for Marijuana, I think it will do well. But just in general principle I don’t care for it. So have done very little research in it. Things I don’t like or believe in — I don’t invest in. Cigarettes, etc. But I will say for medicinal and all the good things it has shown — yes, it looks very promising. But you always have to remember there is more to it than just investing. Have to keep in mind regulations, competition, etc. But good luck with it if you get in it.
I too don't like THC but I 100% believe in CBD oil. It has reduced my inflammation caused by rare disease. I heard CBD was being looked at for this very reason in helping deal with Covid-19. I believe this sector had a needed correction to Canadian legalization hype to the point of being over corrected. I've been seeing stats that consumption during pandemic has gone up significantly which should bod well for quarterlies when other sectors financials fail. Just suggesting this might be something to look into.... cheers.
The biggest bull in these forums vs. perhaps the biggest bear! I use the words perhaps because Detox is no less than #1 or #1a in this neck of the woods partner! Anyway, both of you guys make excellent points.
I have eyes and ears and when I see the unemployment numbers, a zooming deficit, along with a fear inducing media, anyone with a brain is going to naturally question why the markets are rising. So Wall....I agree with you 100%.
That said, the winning point in the argument is that you have to go with what is working. I will not digress into the world of casino craps (it was a hard habit to break), but this is where the bull and the bear have hard lines drawn. Wall is out of the market (mostly) and has been out of the markets for over a decade. Raiders has been riding the markets for decades. A diversion of philosophy is paramount. It would drive a man mad to be on the wrong side of a decade only to flip and then get hammered as he had feared all along.
The predicament is a tough one.
Oh....and I like MJ at $12.48 as of the close today for the person that suggested cannabis stocks.
Gamble for entertainment, invest for wealth!
The biggest bull in these forums vs. perhaps the biggest bear! I use the words perhaps because Detox is no less than #1 or #1a in this neck of the woods partner! Anyway, both of you guys make excellent points.
I have eyes and ears and when I see the unemployment numbers, a zooming deficit, along with a fear inducing media, anyone with a brain is going to naturally question why the markets are rising. So Wall....I agree with you 100%.
That said, the winning point in the argument is that you have to go with what is working. I will not digress into the world of casino craps (it was a hard habit to break), but this is where the bull and the bear have hard lines drawn. Wall is out of the market (mostly) and has been out of the markets for over a decade. Raiders has been riding the markets for decades. A diversion of philosophy is paramount. It would drive a man mad to be on the wrong side of a decade only to flip and then get hammered as he had feared all along.
The predicament is a tough one.
Oh....and I like MJ at $12.48 as of the close today for the person that suggested cannabis stocks.
Sorry Sir Bruce. That was you and I should respect the surname.
I'm in MJ at $16. The dividend is very nice and I think it's one that you just hold until you get the grand slam. Eventually it will be a grand slam. Full disclosure: MJ is an ETF so it is a mutual fund per se. I would not place any bets on any individual stock in the sector as any single entity could face legal consequences, tax law variables or poor management. Buy the entire sector...it's safer with less beta.
Gamble for entertainment, invest for wealth!
Sorry Sir Bruce. That was you and I should respect the surname.
I'm in MJ at $16. The dividend is very nice and I think it's one that you just hold until you get the grand slam. Eventually it will be a grand slam. Full disclosure: MJ is an ETF so it is a mutual fund per se. I would not place any bets on any individual stock in the sector as any single entity could face legal consequences, tax law variables or poor management. Buy the entire sector...it's safer with less beta.
Sorry Sir Bruce. That was you and I should respect the surname. I'm in MJ at $16. The dividend is very nice and I think it's one that you just hold until you get the grand slam. Eventually it will be a grand slam. Full disclosure: MJ is an ETF so it is a mutual fund per se. I would not place any bets on any individual stock in the sector as any single entity could face legal consequences, tax law variables or poor management. Buy the entire sector...it's safer with less beta.
That is very wise. MJ ETF now could be a good way to go. I like Aphria as of today but have watch the whole sector and the individual players for the past 2 years. You nailed it when you mentioned the unknown variables. Just for transparency, I am invested in Weedmd that has a great business model but is plagued with these variables mentioned. Now I am the infamous bag holder. Wish me luck.... oh, could you all buy a bunch of shares and help a brother out...lol. Cheers mates.
Quote Originally Posted by gambleholic63:
Sorry Sir Bruce. That was you and I should respect the surname. I'm in MJ at $16. The dividend is very nice and I think it's one that you just hold until you get the grand slam. Eventually it will be a grand slam. Full disclosure: MJ is an ETF so it is a mutual fund per se. I would not place any bets on any individual stock in the sector as any single entity could face legal consequences, tax law variables or poor management. Buy the entire sector...it's safer with less beta.
That is very wise. MJ ETF now could be a good way to go. I like Aphria as of today but have watch the whole sector and the individual players for the past 2 years. You nailed it when you mentioned the unknown variables. Just for transparency, I am invested in Weedmd that has a great business model but is plagued with these variables mentioned. Now I am the infamous bag holder. Wish me luck.... oh, could you all buy a bunch of shares and help a brother out...lol. Cheers mates.
Quote Originally Posted by Raiders22: Quote Originally Posted by SirBruce: What about the health sector? Specifically, the marijuana sector. A recession like environment doesn't seem to hurt the drugs and alcohol sells. There has also been talk about CBD oil helping with Covid-19. The sector has fallen in the last year drastically because it was overvalued with too much hype initially. You guys seem to have a firm grasp on finances... is the mj sector something you would consider? Both alcohol and marijuana shops were deemed ‘essential’ and stayed open while others that you might think were essential had to close. I just thought that was amusing. But I for sure have a great outlook for healthcare sector for numerous reasons. Big details on that but tedious for here right now. As for Marijuana, I think it will do well. But just in general principle I don’t care for it. So have done very little research in it. Things I don’t like or believe in — I don’t invest in. Cigarettes, etc. But I will say for medicinal and all the good things it has shown — yes, it looks very promising. But you always have to remember there is more to it than just investing. Have to keep in mind regulations, competition, etc. But good luck with it if you get in it. I too don't like THC but I 100% believe in CBD oil. It has reduced my inflammation caused by rare disease. I heard CBD was being looked at for this very reason in helping deal with Covid-19. I believe this sector had a needed correction to Canadian legalization hype to the point of being over corrected. I've been seeing stats that consumption during pandemic has gone up significantly which should bod well for quarterlies when other sectors financials fail. Just suggesting this might be something to look into.... cheers.
Yep. I heard the same thing — that consumption has gone up. It stands to reason.
My brother-in-law is Canadian and I know a few of his friends got in it early and they seem to be happy with how it had done.
Quote Originally Posted by SirBruce:
Quote Originally Posted by Raiders22: Quote Originally Posted by SirBruce: What about the health sector? Specifically, the marijuana sector. A recession like environment doesn't seem to hurt the drugs and alcohol sells. There has also been talk about CBD oil helping with Covid-19. The sector has fallen in the last year drastically because it was overvalued with too much hype initially. You guys seem to have a firm grasp on finances... is the mj sector something you would consider? Both alcohol and marijuana shops were deemed ‘essential’ and stayed open while others that you might think were essential had to close. I just thought that was amusing. But I for sure have a great outlook for healthcare sector for numerous reasons. Big details on that but tedious for here right now. As for Marijuana, I think it will do well. But just in general principle I don’t care for it. So have done very little research in it. Things I don’t like or believe in — I don’t invest in. Cigarettes, etc. But I will say for medicinal and all the good things it has shown — yes, it looks very promising. But you always have to remember there is more to it than just investing. Have to keep in mind regulations, competition, etc. But good luck with it if you get in it. I too don't like THC but I 100% believe in CBD oil. It has reduced my inflammation caused by rare disease. I heard CBD was being looked at for this very reason in helping deal with Covid-19. I believe this sector had a needed correction to Canadian legalization hype to the point of being over corrected. I've been seeing stats that consumption during pandemic has gone up significantly which should bod well for quarterlies when other sectors financials fail. Just suggesting this might be something to look into.... cheers.
Yep. I heard the same thing — that consumption has gone up. It stands to reason.
My brother-in-law is Canadian and I know a few of his friends got in it early and they seem to be happy with how it had done.
Quote Originally Posted by gambleholic63: Sorry Sir Bruce. That was you and I should respect the surname. I'm in MJ at $16. The dividend is very nice and I think it's one that you just hold until you get the grand slam. Eventually it will be a grand slam. Full disclosure: MJ is an ETF so it is a mutual fund per se. I would not place any bets on any individual stock in the sector as any single entity could face legal consequences, tax law variables or poor management. Buy the entire sector...it's safer with less beta. That is very wise. MJ ETF now could be a good way to go. I like Aphria as of today but have watch the whole sector and the individual players for the past 2 years. You nailed it when you mentioned the unknown variables. Just for transparency, I am invested in Weedmd that has a great business model but is plagued with these variables mentioned. Now I am the infamous bag holder. Wish me luck.... oh, could you all buy a bunch of shares and help a brother out...lol. Cheers mates.
I should mention that I am on covers cause I gamble... actually getting better at it :) I know Aphria is not ETF but is worth considering even though I don't own a shares. MJ is speculative and therefore should be treated as such... unlike me going in full throttle.
If I were more savoy in trading in futures, I probably would lean towards oil now that it is at it's all time low. Oil has never failed and their is finite numbers of barrels left to be produced. Besides, you think the Fed's are going to let that sector down. Trump was even discussing oil tariffs. However, I am a degenerate gambler so what do I know. However, reading some of your guy's insights, there is definitely wisdom lurking on this forum if guys like Sirbruce would just shut up.
Quote Originally Posted by SirBruce:
Quote Originally Posted by gambleholic63: Sorry Sir Bruce. That was you and I should respect the surname. I'm in MJ at $16. The dividend is very nice and I think it's one that you just hold until you get the grand slam. Eventually it will be a grand slam. Full disclosure: MJ is an ETF so it is a mutual fund per se. I would not place any bets on any individual stock in the sector as any single entity could face legal consequences, tax law variables or poor management. Buy the entire sector...it's safer with less beta. That is very wise. MJ ETF now could be a good way to go. I like Aphria as of today but have watch the whole sector and the individual players for the past 2 years. You nailed it when you mentioned the unknown variables. Just for transparency, I am invested in Weedmd that has a great business model but is plagued with these variables mentioned. Now I am the infamous bag holder. Wish me luck.... oh, could you all buy a bunch of shares and help a brother out...lol. Cheers mates.
I should mention that I am on covers cause I gamble... actually getting better at it :) I know Aphria is not ETF but is worth considering even though I don't own a shares. MJ is speculative and therefore should be treated as such... unlike me going in full throttle.
If I were more savoy in trading in futures, I probably would lean towards oil now that it is at it's all time low. Oil has never failed and their is finite numbers of barrels left to be produced. Besides, you think the Fed's are going to let that sector down. Trump was even discussing oil tariffs. However, I am a degenerate gambler so what do I know. However, reading some of your guy's insights, there is definitely wisdom lurking on this forum if guys like Sirbruce would just shut up.
Yes. I have known some people that got in the market at ‘exactly the wrong time’. Just felt so awful for them. Some refused no matter what to ever venture back in again. It is a devastating thing to go through.
Like the old saying goes, “There’s no rush. You know your own minds better than anyone. There’s many a man in this world who’s rushed headlong into the wrong thing without thinking, and then had to spend the next half of his life getting himself out o’ the mess he’s made.”
Yes. I have known some people that got in the market at ‘exactly the wrong time’. Just felt so awful for them. Some refused no matter what to ever venture back in again. It is a devastating thing to go through.
Like the old saying goes, “There’s no rush. You know your own minds better than anyone. There’s many a man in this world who’s rushed headlong into the wrong thing without thinking, and then had to spend the next half of his life getting himself out o’ the mess he’s made.”
Believe me I was in the market before the FED stomped over it, I was in the market when Greenspam tried to take the spotlight and stop the market and when the 2002 bubble popped and when the 2008 bubble popped. Ive been in the market a long long time. I dont hold any resentment towards others who profited from the FED, but call it what it is. I asked the specific question to him and he is unable to answer it for whatever reason, would the market be where it is now if the FED had not stepped in with TRILLIONS as they did? Where would the 2008 market be if the FED had not stepped in at that point?
Saying that you profited off the FED isnt the worst thing in the world but to ignore their VISIBLE hand and their part in the markets is very obtuse to me..its obvious, its blaring, its a red siren going off. The markets fell until the FED stopped the falling, same thing in 2008...the SPX was under 700 and were it not for the FED that would not have been the end and several if not most of the banks would have failed and the finances of the world would have seized up. That is not an efficient market, that is not a market that is somehow in front of the pandemic and altruistic...that is the visible hand of the FED controlling the markets and stopping any and all drops. If you follow the FED then you know any time the markets drop 5% they run the pony show out and try to calm the markets reminding everyone that their visible hand will step in. The FED runs this show...the markets and the valuations are fully because of interest rate policy and liquidity.
THAT is what I am saying...and really the only thing I am saying.
gamble,
Believe me I was in the market before the FED stomped over it, I was in the market when Greenspam tried to take the spotlight and stop the market and when the 2002 bubble popped and when the 2008 bubble popped. Ive been in the market a long long time. I dont hold any resentment towards others who profited from the FED, but call it what it is. I asked the specific question to him and he is unable to answer it for whatever reason, would the market be where it is now if the FED had not stepped in with TRILLIONS as they did? Where would the 2008 market be if the FED had not stepped in at that point?
Saying that you profited off the FED isnt the worst thing in the world but to ignore their VISIBLE hand and their part in the markets is very obtuse to me..its obvious, its blaring, its a red siren going off. The markets fell until the FED stopped the falling, same thing in 2008...the SPX was under 700 and were it not for the FED that would not have been the end and several if not most of the banks would have failed and the finances of the world would have seized up. That is not an efficient market, that is not a market that is somehow in front of the pandemic and altruistic...that is the visible hand of the FED controlling the markets and stopping any and all drops. If you follow the FED then you know any time the markets drop 5% they run the pony show out and try to calm the markets reminding everyone that their visible hand will step in. The FED runs this show...the markets and the valuations are fully because of interest rate policy and liquidity.
THAT is what I am saying...and really the only thing I am saying.
However, I am a degenerate gambler so what do I know. However, reading some of your guy's insights, there is definitely wisdom lurking on this forum if guys like Sirbruce would just shut up.
Nah. I like a fresh set of eyes — so to speak. Nice to see more folks interested in the investment forum.
I don’t recall exactly where on here — might even have been you — but there was a decent discussion on CBD etc. Maybe if it wasn’t you — you could look it up. I didn’t really pay much attention to it.
Or maybe start your own thread about it and provide updates on how it goes for you.
Quote Originally Posted by SirBruce:
However, I am a degenerate gambler so what do I know. However, reading some of your guy's insights, there is definitely wisdom lurking on this forum if guys like Sirbruce would just shut up.
Nah. I like a fresh set of eyes — so to speak. Nice to see more folks interested in the investment forum.
I don’t recall exactly where on here — might even have been you — but there was a decent discussion on CBD etc. Maybe if it wasn’t you — you could look it up. I didn’t really pay much attention to it.
Or maybe start your own thread about it and provide updates on how it goes for you.
However, I am a degenerate gambler so what do I know. However, reading some of your guy's insights, there is definitely wisdom lurking on this forum if guys like Sirbruce would just shut up.
Nah. I like a fresh set of eyes — so to speak. Nice to see more folks interested in the investment forum.
I don’t recall exactly where on here — might even have been you — but there was a decent discussion on CBD etc. Maybe if it wasn’t you — you could look it up. I didn’t really pay much attention to it.
Or maybe start your own thread about it and provide updates on how it goes for you.
Quote Originally Posted by SirBruce:
However, I am a degenerate gambler so what do I know. However, reading some of your guy's insights, there is definitely wisdom lurking on this forum if guys like Sirbruce would just shut up.
Nah. I like a fresh set of eyes — so to speak. Nice to see more folks interested in the investment forum.
I don’t recall exactly where on here — might even have been you — but there was a decent discussion on CBD etc. Maybe if it wasn’t you — you could look it up. I didn’t really pay much attention to it.
Or maybe start your own thread about it and provide updates on how it goes for you.
Yes. I have known some people that got in the market at ‘exactly the wrong time’. Just felt so awful for them. Some refused no matter what to ever venture back in again. It is a devastating thing to go through. Like the old saying goes, “There’s no rush. You know your own minds better than anyone. There’s many a man in this world who’s rushed headlong into the wrong thing without thinking, and then had to spend the next half of his life getting himself out o’ the mess he’s made.”
More wisdom shared... I had a radio financial advisor talk show host who I did work for and he advised me on the MJ sector. His advise was to wait. I didn't. I moved around from a couple companies when the sector collapsed and got hurt less than if I did nothing. However, I still have a long way to go to just recover. I firmly believe that this is the time he was referring to when he said wait. I know I will get back to even but I would be thrilled if my covers brethren came back to me some day and said thanks for the advice, I made a killing on MJ stock. It is worth looking at. There are a couple good ones out there but being speculative, there is a lot of short interest and they can kill a good stock. (a variable described earlier). So... as mentioned... a few bucks in an ETF would not be a bad option. With a little oil... a little gold... betting on the Bucs... life could be good... unless you are me going all in with Weedmd. Pray for me brothers.
Quote Originally Posted by Raiders22:
Yes. I have known some people that got in the market at ‘exactly the wrong time’. Just felt so awful for them. Some refused no matter what to ever venture back in again. It is a devastating thing to go through. Like the old saying goes, “There’s no rush. You know your own minds better than anyone. There’s many a man in this world who’s rushed headlong into the wrong thing without thinking, and then had to spend the next half of his life getting himself out o’ the mess he’s made.”
More wisdom shared... I had a radio financial advisor talk show host who I did work for and he advised me on the MJ sector. His advise was to wait. I didn't. I moved around from a couple companies when the sector collapsed and got hurt less than if I did nothing. However, I still have a long way to go to just recover. I firmly believe that this is the time he was referring to when he said wait. I know I will get back to even but I would be thrilled if my covers brethren came back to me some day and said thanks for the advice, I made a killing on MJ stock. It is worth looking at. There are a couple good ones out there but being speculative, there is a lot of short interest and they can kill a good stock. (a variable described earlier). So... as mentioned... a few bucks in an ETF would not be a bad option. With a little oil... a little gold... betting on the Bucs... life could be good... unless you are me going all in with Weedmd. Pray for me brothers.
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