24 Hours

[jazz]

Canadian banks and railways can't go wrong.

So sure are you....

[jazz]

In your opinion where does it end? Or how is it resolved?

Simple, Great Recession 2.0

[agstar77]

So is crypto working for everyone? Eh Pierre?

[furrowtickler]

I think the reality of “things” not needed when inflation destroys the middle class .
You can’t live without food but everything on that list is basically a luxury and not needed like Facebook, Netflix and others . So losing value in something that was way way overvalued does not concern most average Joes …. But food and fuel do .

Not surprising at all , when you demolish the disposable income of the middle class this is the result .

[foragefarmer]

So sure are you....

[ATTACH]10547[/ATTACH]

The phrase "It's time not timing that matters" applies to Canadian banks and railways.

But, if you want to bet against them and pick up a quick buck, by all means put your short orders in Jazz.

[Landdownunder]

Thought Australia was only place with obscene house prices in city’s.
And closevrural areas to cities

Apparently you can buy a small villa in Germany France or Italy for 1/2 the price.

[errolanderson]

NASDAQ index threatening to break below 12,000 points, but even this index doesn't reflect the true valuation carnage in technology taking place right now. Tech stocks in absolute turmoil along with cryptos. Bitcoin breaks $29,000. Some secondary cryptos have almost totally collapsed . . . .

It's been estimate $35 trillion of market value has been wiped out since January. Apparently 14% of all global wealth has evaporated.

Robinhood- 54% down since Jan
Wix- 77% down
Coinbase- 80% down
Zoom- 70% down
Shopify- 75% down
Zomato- 60% down

This may take years to repair . . . .

[Taiga]

Some of those businesses were grossly overvalued based on nothing. Shopify for example, while down 75%, still trades at 10x sales which is madness for that. It is just an online store platform.

[jazz]

BIDEN: “We inherited an economy on the brink of a great depression.”

https://twitter.com/Breaking911/status/1524503684192866305

[WiltonRanch]

Bricks and mortar. Solid p/e, solid value, good dividends etc. Last tech bubble in late 90’s early 2000’s the solid stocks were undervalued vs techs. I bought CIBC for $30 and put into a drip and forgot about it. Wish I invested more. My opinion cryptos look like a scam. I don’t follow enough to back that up but that’s what I think. It’s the blockchain which enables the scheme to function which has the value.