59 Replies to “March 19, 2020: Reader Tips”

  1. I just checked Bloomberg. The Asian market indices look promising, so we might get back some of what we lost earlier today.

    Keep in mind that it’s only a loss if one actually sells something.

    1. Dow Futures are down 600 more pts.

      Sticking to my guns, Dow 15,000, or worse. The lack of profits, and worse, across multiple companies will be terrible, on the 2Q quarter reports in July……this will get uglier by then. There is nothing economically to support or flatten stock prices, so they will fall. Opportunity to buy at/near the bottom. Parked mine at 23,200, and thought I waited too long. But the drop was just getting started.

      There’ still safety in the utilities, the losses will be less. The power is still on, the nat gas is still heating, phones still work, internet is on, so is the boob tube. Those bills will still be paid, any of those companies, will have less losses, plus they still pay dividends. That, or watch the Dow.

      1. I agree with the point that, for those with cash, it is best to hold it for now. I have 25% of my small, retail portfolio in cash, and am sitting tight. The rest of my portfolio is in bond ETFs (50%), utility ETs (20%) and gold streaming companies (5%). From the past 10 days, the value of all of my latter three components have declined, which at first glance is a mystery, since they are supposed to be “safe” places in a serious crisis. Those in the know say that it has to do with illiquidity: risk taking speculators are facing margin calls on borrowed money, so they are selling everything — including bonds, gold and stocks to meet their margin calls. Moreover, firms and households are selling all types of assets to make ends meet.

        To address the liquidity crisis, central banks are buying bonds and commercial paper, to get money out as fast as possible. The jury is out as to whether or not the liquidity crisis is solved and whether or not the quantitative easing will be inflationary. This is why I am holding still for the moment. One thing I predict is that our governments will be more heavily in debt, and that we will have negative interest rates. We will become like Europe is today. This is an argument to buy more bonds, since the value of bonds goes up as interest rates fall.

    2. The markets are, on the whole, up today, but I’m sure we’ll have to give it back tomorrow. It was kind of like that after Black Monday ’87.

      One reason for this back-and-forth is that the markets hate uncertainty. If investors knew when things were going to come to an end, they can prepare accordingly. Unfortunately, with the waffle we’re getting from Prinz Dummkopf, and the actual reality of his claims and promises, I don’t see the TSX stabilizing for quite a while.

      I think we’re going to have to wait until Trump and the Dow take the lead. We’re sure as shootin’ ain’t getting any clues from HRH and his merry gang of blunderers….. but he has nice hair and nice socks, doesn’t he?

    1. Best comment from that link. “So any word on when it will be safe enough to shoot people again?”

    1. If you actually read the order, it has nothing to do with firearms. This is fearmongering by Breitbart.

  2. We need someone to write a song about the insanity and corruption of the liberals and Roxham Road.

    Corb Lund?

    1. If Roxham closes some SJW will pen a tune….maybe some anx’d ridden woman like Sarah MacLaughlin.

      Corb is too rooted in reality. He writes songs about keepin’ an edge on your knife, gettin’ your PU stuck and of course chasin’ skirt and gettin’ hurt.
      Go Corb!

      1. Go Abtrapperdude —
        “Chasin’ skirt and gettin’ hurt”
        rhymes with the times…
        yer doin’ good!
        O give us the song!

    1. Pretty unexpected for Libranos to allow one of their pet outlets to bark at Chicoms.

      1. MacLean’s has a history of being anti-Chinese going back to the early 20th century when they published a series “the Black Candle” by Janey Canuk ( Emily F. Murphy)
        It was a racist eugenics screed which was largely responsible for the Chinese Immigration Act, 1923 which effectively banned immigration by Chinese people to Canada.

        1. You really think that there is a deep undercurrent that lasted more than century that is behind it? I doubt that.

          1. I’ve seen a few anti-Chinese Mclean’s articles this century, but I guess you’re right. It’s a weak idea.

  3. I’m somewhere between appalled and livid at what I saw tonight. I was on vacation in the Caribbean, but had to cut it short and get back to Canada while I still could. Now, if this was the worldwide health emergency that is being claimed, one would think that Canada customs, being the front line of defense, would take precautions. Ha. Instead of having people fill out customs forms on paper, they had thousands of people filling out questionnaires, on touchscreens. That you touch. With your hands. After hundreds of other people touched it. I asked, they sanitize the screens once per hour. They couldn’t do a better job of spreading disease if they had us all lick a doorknob. Its criminal negligence.

  4. It’s hard to believe that Canadians are being controlled by a mindless, juvenile manboy/ Where are all our elected representatives

  5. The only good news of the last month is that Joe Biden will be the democrat nominee. This will ensure a second term for Trump to allow him to finish cleaning up the swamp and returning the U.S. to it’s once prominent position in the world.

    1. Biden is 77. Will he make it to Nov? Hopefully he does.

      How many more dementia episodes will he have?

      The VP nomination will be hotly contested. Is Hilary scheming to get the nod?

      1. BREAKING NEWS!!!! Tulsa Gabbard has quit her run for the President nomination. She is odds on to be the elected Vice President, when the Biden-Gabbard ticket wins this November. The media and the other US establishment elected this ticket. This coming fall.

        1. Tulsi and hildebeast are not on good terms. If there is any chance that she gets the VP candidate nod she will need to pull her combat armor out of storage. That will be one quick Arkancide.

          Should Joe and anointed VP get elected, that will be one quick way to the first female President. COVID-20 anyone?

  6. Think this fucker isn’t rubbing his beshitted hands?

    https://www.msn.com/en-ca/news/canada/covid-19-bc-declares-state-of-emergency-over-coronavirus-to-help-maintain-services/ar-BB11nhwh?ocid=spartandhp

    The emergency declaration will give Farnworth sweeping powers to make orders without the legislature, including to “secure the supply chain,” ration supplies, set prices for food and gas, forbid the resale of certain supplies such as medical equipment, procure any other type of goods government deems necessary, enter any building without a warrant and restrict travel throughout the province.

    It at least has a timeline of two weeks but this is the crap that makes me angry and suspicious. And does anyone trust someone like that asshole Horgan?

  7. Our extended family will support Derek Sloan for CPC leadership
    I have inquired about his position on guns and the Firearms Act and here is what his campaign replied with:

    Derek supports the removal of non-victim, non-violent firearm offences from the Criminal Code. Derek will entrench property rights in Canadian law and conduct a complete review of the Firearms Act and related regulations to ensure the right of firearms owners to their private property. Also, he believes ownership and use of firearms for protection is a civil right, notwithstanding court interpretations that say otherwise. He supports the repeal of firearm legislation which has not provided any evidence of benefit to public safety, including former bills C-71(2019), C-42(2015), C-68(1995), C-17(1991), and C-51(1977).

  8. Blackie The Gay Pirate has changed his mind. Thousands of migrant farm workers from Mexico, etc. will be allowed in the country. And the Unifor media reminds everyone this morning that Great Leader Kim Sung Trudeau is wonderful. The Liberal Party is wonderful. Praise Great Leader Justin.

    1. Oust him now! He is criminal and belongs in a high security institution at best.

    2. Today Blackie still can’t give straight answers to carefully scripted “reporter” questions. Lisa LaFlamme still daydreams about sitting face first in Blackie’s lap.
      To berate Trump, CTV says only information Trump gives is that the border will be shut for 30 days. Yet that is more than what Blackie would provide.

  9. Wealthy Parisians fled in droves ahead of the French lockdown to their country cottages, where they plan to spend the summer in a rural idyll far from the food riots guaranteed to hit Paris in a few months, lockdown be damned. The first thing they did was pick clean the village grocery stores.

    The locals (overwhelmingly elderly and at high risk from Wuhan flu) once welcomed Parisian money. Not any more.

    https://www.theguardian.com/world/2020/mar/18/thank-you-parisians-dont-bring-the-virus-plea-from-rural-france

  10. Just listened to the bong on xm. “Remember, the government has your back.” Why didn’t he add “dude or bro”?

    How about, “Yo dudes listen up”….. God he’s pathetic.

  11. anybody notice the chinese flu is no longer called the novel coronavirus? ‘Novel’ was dropped a couple of days ago. Wonder why? The word conjures up a sense of fiction?

    1. Lol.
      Cancel culture is when a bunch of people that never liked you attack you by going after sponsors, employers, distribution routes, etc. threatening boycotts, bad publicity, and such unless they drop you.

      The Dixie chicks just alienated their existing fan base to the point that their fans could not enjoy their work anymore.
      As Dennis Miller said (maybe paraphrasing): Who would have figured that mocking the president on foreign soil during a time of war might not go down to well with the Nascar crowd.

      The list of celebrities that have trashed promising or successful careers by thinking that their combination of luck and talent in one specific field entitled them to talk down to everyone regarding another field they have no talent in is very long and growing by the day.

  12. I watched our fearless leaders press conference and he said nothing new and Lise La Flemme says lots of information there. She then start to show President Trumps news conference and leaves it right away and says if he says anything important they will cover it. Trump announces they are going try using the malaria drug on the virus. There is nothing about anywhere on CTV website. The media drives me crazy they have zero ethics and no standards.

    1. The other day Dr Lisa frowned when mentioning Doug Ford’s name. Then at another time she quips to Joyce Napier that it was a good thing that Joyce is in Ottawa and she’s in Toronto. What did that mean? She’s kooky now!

      I sincerely wish she’d take her wigs and retire now, I used to like the old guys better. C’mon CTV!

      (If she reads this: sorry, it’s nothing (too) personal, just business)

  13. Due to WuFlu…
    The Canadian government refuses to cancel incoming flights from China etc so the USA wisely closes the Border with Canada except for trade.

    We Canadians then get the announcement from the Liberals saying that THEY’RE CLOSING the Border with the USA due to WuFlu.

    Nice country we live in!

    One: I wouldn’t blame the Americans if they closed the Border to Canada including Trade. Period.

    Two: I wouldn’t blame the Americans if they invaded Canada and deposed the idiot Liberals. What bad neighbours we are due to the Liberals. I’m so ashamed right now ! Ashamed of being Canadian!

    Wexit!

      1. Good stuff from David.

        So the enhanced screening is a big fat lie. They just get a piece of paper suggesting that they self quarantine. Not surprising.

        Only 50 people from China on a flight that can hold over 300?
        Has the novelty of Canada worn off? Prinz Dummkopf must be perplexed, if that’s possible. And all that wasted jet fuel on the proletariat, with global climate change issues and all? Tsk, tsk.

        Perhaps they already heard that the borders to the USA are closing tomorrow…ha, can’t sneak into the USA now unless they get into a false bottomed empty produce transport.

        Why would anyone want to come to Canada now?

          1. No, they’ve set up a trailer for the RCMP — you can’t expect them to rough it! It’s a one way deal.

            (Many that are coming in likely go to the French speaking working class inner city Haitian riding of Papineau — i.e. Trudeau’s riding)

      2. This is excellent…more from Ezra on the WuFlu timeline and his take on the incompetence of Trudeau and Patty Haidu the Minister of Health. The comments after the piece are scathing. Dr Jane Philpot would’ve been better for Canada than the people we have now, according to Ezra. For sure 100%……
        (There’s the proof that the ballot box was stuffed in Philpot’s riding perhaps, why would anyone be voted out for being honest? Only in Canada…..pity)

        Ontario you suck!

        Watch “Too late to stop it now: Does Trudeau want Canadians to get the coronavirus?” on YouTube
        https://youtu.be/l4XHAxlmsYk

  14. Appro for these times
    U Tube; Planet P Project ;Pinkworld.
    A fine album just chock full of end of the world dreams and delusions.
    Great listening .

  15. CBC news is reporting Foreign Affairs Minister Francois Philippe Champagne has self-isolated given flu like symptoms, and he is being tested for caronavirus. Breaking news.

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