I held on to;
CANADIAN OIL SANDS (COS) up [for me] +8.19%
SUNCOR ENERGY INC (SU) up [for me] +3.98%
This is my portfolio performance year to date. It is about 5%.
Friday, September 25, 2015
Thursday, September 24, 2015
I just don`t understand the stock market right now.
Oil stocks are down even further. My slight profit has disappeared and now I am in a loss position. I get we are awash in oil worldwide, but what is fundamentally different now than a couple of weeks ago? Nothing. Nothing except the refugee crisis in Europe, the ongoing Syrian civil war, and Russia about to get involved in the middle east. All potentially bad things, but which should make oil go up, not down.
Maybe everyone is running to the u.s. market. Yet my past stellar u.s. winners are flat or slightly declining.
And TD, which was supposed to play on a strong u.s. economy and weaker Canadian economy is down.
Nothing makes sense.
Maybe we are heading for a market crash and all this weirdness is foreshadowing. October is (it seems) always a bad month. There is a crash happening in Brazil. Maybe its the canary in the coal mine.
Ya....
This is what I'm going to do. Liquidate every loosing or questionable position. If there is a crash get ready to buy a few select high quality names, and if there isn't a crash, wait till mid November to buy some good names.
Ok. Already done.
A trader's comments about Brazil;
For investors expecting today’s real bounce to continue, Rabobank currency strategist Christian Lawrence has another old saying he points to: “You only have two hopes: Bob Hope and no hope, and Bob Hope is dead.”
Oil stocks are down even further. My slight profit has disappeared and now I am in a loss position. I get we are awash in oil worldwide, but what is fundamentally different now than a couple of weeks ago? Nothing. Nothing except the refugee crisis in Europe, the ongoing Syrian civil war, and Russia about to get involved in the middle east. All potentially bad things, but which should make oil go up, not down.
Maybe everyone is running to the u.s. market. Yet my past stellar u.s. winners are flat or slightly declining.
And TD, which was supposed to play on a strong u.s. economy and weaker Canadian economy is down.
Nothing makes sense.
Maybe we are heading for a market crash and all this weirdness is foreshadowing. October is (it seems) always a bad month. There is a crash happening in Brazil. Maybe its the canary in the coal mine.
Ya....
This is what I'm going to do. Liquidate every loosing or questionable position. If there is a crash get ready to buy a few select high quality names, and if there isn't a crash, wait till mid November to buy some good names.
Ok. Already done.
A trader's comments about Brazil;
For investors expecting today’s real bounce to continue, Rabobank currency strategist Christian Lawrence has another old saying he points to: “You only have two hopes: Bob Hope and no hope, and Bob Hope is dead.”
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