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1GreatCFA

1GreatCFA
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  • Royal Bank of Canada's (RY) CEO David McKay on Q3 2015 Results - Earnings Call Transcript [View article]
    Yeah I cannot figure this one out either. Me thinks its something bigger than the loan book to the Oil patch because they have been fairly transparent as to their exposure. The big drivers for Royal are Capital Markets and mortgages. So perhaps with the bull market now at 6 years and 5 months someone out there thinks the capital market side is poised to struggle, which does not appear to be the case. So then you have their Cdn. Bank operations, which grew by 5% on mortgage origination and refinancing. The one blurb I caught was that Toronto and Vancouver have a lot of speculative money driving up prices with lower loan to value mortgage products. I mean that being the case, I still cannot get this stock? May-be a bomb goes off somewhere that catch a lot of us looking the other way but I just don't see it.
    Aug 31, 2015. 11:27 AM | Likes Like |Link to Comment
  • Buy Royal Bank Of Canada And Don't Worry About It [View article]
    Yeah I like National also but back to Royal. I have been tempted at making an acquisition here. After reading this article however I am less sanguine about the future. Rates are probably range bound in the 1-3% range for a while so we can kind of take that off the table. Then you get into their big name money makers: Capital Markets and Mortgages. What I have learned is that a lot of this offshore speculative money is probably F/x driven on the Loonie's plunge. That would likely change with any sustainable move higher by the Loonie. So money easily made is money easily lost. As far as Capital Markets go...I mean markets have gone STRAIGHT Up for six years and five months now....so like you know the party could certainly continue for a bit but DAY-YUM.

    As a result, I view Royal as not cheaply valued here but fairly valued.
    Aug 31, 2015. 09:46 AM | 1 Like Like |Link to Comment
  • How Low Can This Market Go? [View article]
    Futures up 500 points, shoulda bought the dip.

    HAHAHA!!!

    Boy you guys have no clue how bad this is going to get.

    I wonder how many Hedge Funds are going to implode from Hot Shots betting the Farm on Monday's moves or silly retail investors having mortgaged their house for a third time to load up.

    Then woke up Tuesday saying YES!!! Futures are up. They are going to paint my name across the side of a building for this.

    Only to watch the market Gods tool you at the last frame into the inescapable conclusion that Huston we have a problem. The markets are imploding and this whole cheerie illusion is now turning into a grim reality.

    Markets don't go up for ever and its been a llllllooooooonnnnngggggg time since we've had the "big one" and I would argue that given leverage and the fragility of the global economy the Dow sheds another 2,000 points before you can finish entering your sell orders.
    Aug 25, 2015. 10:56 PM | 1 Like Like |Link to Comment
  • The Correction Everyone Asked For, But Nobody Wants [View article]
    Sooooo....

    In light of the recent and I'm talking last thirty minutes of trading plunge off an approximately 300 point diving board Bret...what do you think of my prognostications now?

    And recall that the basis for my answer was, and I quote, "Because, just because".

    Bret I am telling you that something is not right. And I'm not even going to get into childish conspiracy theories like the fifteen thousand 666 close on the Wow Jones today.

    Instead I will simply share with you my "gut feeling" as to what is going on.

    CHINA is choking off the USA. The End.

    I think the Leadership in China has said enough is enough with supporting America's bloated, binge and they are slowly pulling out the rug.

    I'm almost tempted to think that Yellen, the other Fed Governors, Congress and even the President are completely useless slash helpless here.

    I feel another Peter Schiff was right Youtube Video coming...
    Aug 25, 2015. 10:50 PM | 1 Like Like |Link to Comment
  • The Correction Everyone Asked For, But Nobody Wants [View article]
    Bret I will happily answer your question regarding why I feel the market is poised to fall another 30%.

    Because. Just Because.
    Aug 24, 2015. 09:39 PM | Likes Like |Link to Comment
  • Dollar slides as rate hike bets get pulled [View news story]
    I liked this article for it's focus on Fed Fund Futures Contract data.
    Aug 23, 2015. 10:30 PM | Likes Like |Link to Comment
  • Massive Deflation Is Happening Now [View article]
    Uhhhh your home is also nearly three TIMES as expensive to buy today as it was in 1998. It don't matter whether interest rates are 3, 2 or 1% you'll be paying that mortgage off forever America.
    Aug 23, 2015. 10:23 PM | 1 Like Like |Link to Comment
  • Massive Deflation Is Happening Now [View article]
    Funny my account manager at Ashley Madison just offered me 6 Months of free service. Wonderful. Deflation.
    Aug 23, 2015. 10:21 PM | Likes Like |Link to Comment
  • The Correction Everyone Asked For, But Nobody Wants [View article]
    SA has a lot of pretty bad articles. This is one of them.

    It is filled with sweeping generalities and cliche, and adds almost no value to me. You provide no explanation, none as to why you think this is not 2001 or 2008 and brush off recent price action rather arrogantly. Everything you said in this article with the exception of one stat I knew when I was 10.

    I'm sorry but I am tempted to suggest that the markets will plummet and plummet hard...possibly 30%...from here on all of this "here is the entry point we have been waiting for" rubbish...purely to disagree with you without feeling compelled to provide any substantial explanation as to why.
    Aug 23, 2015. 10:11 PM | 2 Likes Like |Link to Comment
  • Penn West Petroleum - Time To Go Bottom Fishing? [View article]
    "One dollar by year end...one dollar. Save this post."
    Aug 23, 2015. 08:14 PM | 1 Like Like |Link to Comment
  • Penn West Petroleum's (PWE) CEO Dave Roberts on Q2 2015 Results - Earnings Call Transcript [View article]
    Morningstar has no clue what they are talking about. The End.
    Aug 23, 2015. 08:13 PM | 1 Like Like |Link to Comment
  • Europe closes out brutal week with more sharp losses [View news story]
    Well I think this is definitely an entry point for the CHINA story. You cannot ignore this as a long term trade. All aboard.
    Aug 22, 2015. 11:09 PM | 1 Like Like |Link to Comment
  • Penn West Petroleum - Time To Go Bottom Fishing? [View article]
    "Please. This stock goes lower, much lower."
    "I would wait as you will be able to buy the shares for a dollar pretty soon. "
    "Listen the only thing Lionel is getting is a fierce beating in his RRSP. "

    Ok so what's the explanation now boys?
    Aug 22, 2015. 11:03 PM | Likes Like |Link to Comment
  • Penn West Petroleum's (PWE) CEO Dave Roberts on Q2 2015 Results - Earnings Call Transcript [View article]
    Agree Curtmichael. I got in early but used recent weakness to double down. It'll work.
    Aug 22, 2015. 10:59 PM | Likes Like |Link to Comment
  • Averages suffer worst week since 2011 [View news story]
    Relax. Fed Governors will hit the talk show circuit Monday saying an interest rate hike is "data dependent" meaning off the table. I am buying here quite a bit. BUY WHEN OTHERS ARE SELLING. The End.
    Aug 22, 2015. 10:57 PM | 2 Likes Like |Link to Comment
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