User 151885

Total Rating:
0 / 0

57 Comments

    • Sun Oct 5th 15:29 PM | Rating: 0 0
      Commented on:
      RBC Analyst: Not Yet the Bottom for Mining Stocks
      Bang on. We're in for a tumble along with the rest of the world!!
      View article »
    • Sun Oct 5th 15:26 PM | Rating: 0 0
      Commented on:
      CIBC Deal Suggests Lack of Confindence
      I would add one comment re residential real estate. While our market will perhaps not be as severe there is no doubt that our mortgaging was not squeaky clean. We had lots of mortgages with nothing down and even "cash back." This cannot be good plus people falling over each other in a rush to get in while the getting was good. Now, with the USA being in recession, our biggest customer, I expect job losses and a recession of our own. If commodities continue to tank, as they are, then this exacerbates the problem. We are a resource nation!
      We are behind the USA typically a year or so. Keep that in mind. Long term of course,Canada is a good country.
      View article »
    • Sun Oct 5th 15:14 PM | Rating: 0 0
      Commented on:
      TSX Trading Strong: Time to Buy Canadian Shares?
      I agree with Rumpole. Just have a look at Potash Corp. And it comprises a big chunk of the TSX value as do mines.
      Plus, Garth Turner, A well-known Canadian financial author recently wrote "A Greater Fool" wherein he talks about the Canadian real estate industry. There are major centers where prices were bid from somewhere around $150k up to around 450k. We are just at the beginning and we will follow the USA although perhaps not quite so severely. Caveat Emptor!!
      View article »
    • Sat Oct 4th 14:56 PM | Rating: 0 0
      Commented on:
      Bank Default Risk Decreases from Apocalyptic to Merely Catastrophic
      It reminds me of a story Jim Rohn tells of putting his finger through the candle flame quickly and telling the classroom, "See it didn't burn my finger." And they all laughed heartedly and said, "NO.... you have to leave your finger in there just a little longer!"
      And so it is here... let's just wait a little longer and SEE!!
      View article »
    • Thu Oct 2nd 15:14 PM | Rating: 0 0
      Commented on:
      Why Are Homebuilders Up On Lousy Earnings? [Housing Tracker]
      It's hard to blame the decisions on the current managements of our banks and governments. The actions being taken are those taught by our most prestigeous halls of education.
      Until that is corrected, our problems will continue. This will take at least a generation to adjust. We're just going to have to BEAR with it!
      View article »
    • Wed Oct 1st 15:44 PM | Rating: 0 0
      Commented on:
      An End-of-Quarter Dollar Rally in Face of Bailout Drama
      The dollar rally is the beginning of a multi-year bull market for the currency. Foreign central banks will raise causing a flight to the US $. Bull market in gold is DONE !!
      View article »
    • Tue Sep 30th 19:33 PM | Rating: 0 0
      Commented on:
      Subprime Is Truly Global Now [Housing Tracker]
      It's beginning to get really ugly out there if you need to borrow, are deep in debt, and have insufficient cash flow. On the other hand, if you have a good job, your debts are in line with your income, then you're wondering what all this stuff is about.
      Oh for the time when I too was much more innocent than guilty!
      View article »
    • Sat Sep 27th 10:39 AM | Rating: 0 0
      Commented on:
      Worrying About Large-Deposit Bank Runs
      I don't know why everyone is worried about their deposits.
      The banks are paying you only 2% interest so they can lend out for 6% mortgage and loan interest. Thats 300% margin!!
      So it should be okay if its in BS, FRE, FNN, AIG, and others like it, shouldn't it?
      View article »
    • Sat Sep 27th 10:23 AM | Rating: 0 0
      Commented on:
      Housing Excess Looks Good, but Not That Good
      All of the statistics I see relate to most recent times. Most realistic pundits categorize this particular crisis to at least the 1930's. Why don't we have a look at what housing did during that period? I understand that job loss is not supposed to be as severe but why not have a look see anyway. This would be interesting info, wouldn't it?
      View article »
    • Sat Sep 20th 12:57 PM | Rating: 0 0
      Commented on:
      Canadian Financials Missing from the Short-Selling Ban List
      Short selling is as necessary as the ability to speculate in any market. Just because the odds are stacked against them, does not mean the gamblers cannot be allowed to spend their hard-earned taxed-dollars on lottery tickets, even though it ismore tax.
      And I'm sure you'll agree with me, that I cannot stop YOU from buying a lottery ticket if YOU want to, can I?
      View article »
    • Fri Sep 19th 15:24 PM | Rating: 0 0
      Commented on:
      The Financial Crisis Explained
      I can hear the rusty screendoor going creak-creak, creek-creek as it swings back and forth between blame and shame.
      We should do nothing and let the system cleanse itself. But, of course, all of the politicians and academics want to SOLVE THE CRISIS OF THE BUBBLE! Well, guess what, I think I just heard a great big WHOOSH! Listen...can you hear it too??
      View article »
    • Thu Sep 18th 17:25 PM | Rating: 0 0
      Commented on:
      Is Robert Toll's Honesty Keeping Shares Above Water?
      Just to refresh everyone's files I would point out Mr Toll's honesty has resulted in him selling more stock at 4 times his excercise price.
      Is he using up-beat language to prop up the price of Toll stock?
      I commented recently on Nortel using up-beat language promoting stock as in 2000 and lo and behold another significant correction in price. (I believe about 50%)
      It's amazing how long an infection can last, don't you think?
      View article »
    • Thu Sep 18th 17:17 PM | Rating: 0 0
      Commented on:
      New Home Construction Plunges to 17-Year Low
      I think the permits number is far more important as a leading indicator. I'd like to see some data relating to the decline during the dirty thirties.
      Anyone know where to get that?
      View article »
    • Wed Sep 17th 12:48 PM | Rating: 0 0
      Commented on:
      Canada, NZ, Spain Home Prices Falter [Housing Tracker]
      GarthTurner, a well-known Canadian money man, recently wrote a book on our real estate market. The name escapes me but I've read it twice. There's a lot of truth there that I can now relate to after having over-extended back in the late 80's and lost more than my shirt.
      It seems to me we are about 2 years behind the USA market so from my perspective everything is fitting in just the way it usually does!
      Behold! BEWARE THE BEAR!
      View article »
    • Tue Sep 16th 15:10 PM | Rating: 0 0
      Commented on:
      Mortgage and Title Insurers Suffer from Housing Woes
      to tcornelison
      The managers of these organizations were allowed free reign to yank in millions of dollars from the most vulnerable in our society. We do not need this kind of SERVICE in our market place.
      Perhaps you are one of them, are you?
      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»