tag:blogger.com,1999:blog-9016972220836126624.post1597695713421161105..comments2023-10-19T03:30:09.231-07:00Comments on Canadian Money: Three Main US Canaries Are All On The Bottom of the Bird CageUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-9016972220836126624.post-29936971296296860312009-03-04T11:12:00.000-08:002009-03-04T11:12:00.000-08:00Interesting post CM. I certainly can't argue with...Interesting post CM. I certainly can't argue with that we are most likely headed lower. I do believe however that action rather than talk can move the market in a big way. The problem now I see is people are tired of talk of a bad bank, elimination of mark to market, return of the uptick - none of which have materialized. Real action to begin to have a market for these toxic assets would in my opinion go a long way in curing the market. <BR/><BR/>That said, I do agree with your overall concept that people need to live much more within their means. I remember a time when cars were not financed, you paid cash. I remember a time when you put down 20% for a home minimum. I remember a time when you paid cash for everything day to day.<BR/><BR/>Now though we have hit another extreme where people putting 20% down are being refused a home loan, people who have never had a late payment are having their credit lines cut, so that needs to come back in balance.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9016972220836126624.post-47344446634306330512009-03-03T07:53:00.000-08:002009-03-03T07:53:00.000-08:00I get asked many times 'what is the bottom'. I use...I get asked many times 'what is the bottom'. I use charting but it is foolish to try to call a bottom when the banking system is currently still seized. A remarkable buying opportunity may await, but this is on condition that the bank un-seizes!chrispycrunchhttps://www.blogger.com/profile/06508448472827541229noreply@blogger.comtag:blogger.com,1999:blog-9016972220836126624.post-48115475944898763112009-03-02T13:01:00.000-08:002009-03-02T13:01:00.000-08:00AdamThe -50 % is calculated from the peak levels a...Adam<BR/><BR/>The -50 % is calculated from the peak levels at the start of the bear market. For example, the TSX Composite Index was at 15,155 in June 2008 and is now near 7,600.<BR/><BR/>(15,155-7,600)/15,155 = 0.50<BR/>50 percent lower.<BR/><BR/>If you check a mutual fund such as a dividend fund, it may be somewhat less of a loss due to dividend income within the fund. Or, if you check an individual stock, it may be more or less than a 50 % loss at this time.<BR/><BR/>The -50 % level is an historic statistical event relative to the famous 1929 crash. Other bear markets such as 1974, 1987 and 2000 never went as low as -50 %Canadian Moneyhttps://www.blogger.com/profile/17431816235387089968noreply@blogger.comtag:blogger.com,1999:blog-9016972220836126624.post-27258654098191287912009-03-02T12:31:00.001-08:002009-03-02T12:31:00.001-08:00*stating we are in**stating we are in*Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9016972220836126624.post-81263020884611699272009-03-02T12:31:00.000-08:002009-03-02T12:31:00.000-08:00Just curious, as you clearly have your head in thi...Just curious, as you clearly have your head in this stuff much more than I, What are your metrics for stating in the largest market loss since 29-32 (-89%)<BR/><BR/>What percent are we at now based on those metrics whereby -89% is derived?<BR/><BR/>Maybe I am out to lunch on this?Anonymousnoreply@blogger.com