Comments on: R.I.P. http://www.greaterfool.ca/2008/08/22/rip-2/ Book and Weblog - Authored by Garth Turner Wed, 08 Feb 2012 17:27:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rupa http://www.greaterfool.ca/2008/08/22/rip-2/comment-page-5/#comment-32486 Rupa Wed, 17 Jun 2009 12:58:07 +0000 http://www.greaterfool.ca/?p=455#comment-32486 Canadian bank stocks will collapse..there are pundits on every street who can predict 20-30 pct up and down move. Based on my 20 years of technical analysis experience, I can see this is the time to sell all Canadian bank stocks. It might go little up in short term but eventually all bank stocks will crash to single digit.. e.g RY from 40 USD to 9 USD. Also do NOT buy GOLD and Canadian Dollar and OIL as well. They all are set to go down in long run.. (Even if you don't like to publish this, note down the date to verify my accuracy) Canadian bank stocks will collapse..there are pundits on every street who can predict 20-30 pct up and down move. Based on my 20 years of technical analysis experience, I can see this is the time to sell all Canadian bank stocks. It might go little up in short term but eventually all bank stocks will crash to single digit.. e.g RY from 40 USD to 9 USD. Also do NOT buy GOLD and Canadian Dollar and OIL as well. They all are set to go down in long run..
(Even if you don’t like to publish this, note down the date to verify my accuracy)

]]> By: Bookmarks about Rip http://www.greaterfool.ca/2008/08/22/rip-2/comment-page-5/#comment-6593 Bookmarks about Rip Fri, 03 Oct 2008 22:45:24 +0000 http://www.greaterfool.ca/?p=455#comment-6593 [...] - bookmarked by 2 members originally found by itsannemarie on 2008-09-22 RIP http://www.greaterfool.ca/2008/08/22/rip-2/ - bookmarked by 1 members originally found by hehe5000 [...] [...] – bookmarked by 2 members originally found by itsannemarie on 2008-09-22 RIP http://www.greaterfool.ca/2008/08/22/rip-2/ – bookmarked by 1 members originally found by hehe5000 [...]

]]> By: No Fool.... http://www.greaterfool.ca/2008/08/22/rip-2/comment-page-5/#comment-4740 No Fool.... Wed, 27 Aug 2008 16:49:01 +0000 http://www.greaterfool.ca/?p=455#comment-4740 Crazy #173, As everyone keeps saying “home ownership is a priviledge” why should prices come down 50%? So everyone joe blow can afford a home? ___________________ Crazy, the issue is that 1/2 the people that have a home can't really afford it. That's the issue, my friend. Those people that are already stuck holding in sheer fear aren't the people that will drive the price up or down. It's the people left out of the market who are now waking up to what's affordable or not. As loan conditions tighten (and they have to), as sellers get desperate as they slip into financial ruin in the gutter (and they are), the prices start to come down. Market forces, my friend. It's just market forces. Crazy #173,
As everyone keeps saying “home ownership is a priviledge” why should prices come down 50%? So everyone joe blow can afford a home?
___________________

Crazy, the issue is that 1/2 the people that have a home can’t really afford it. That’s the issue, my friend.
Those people that are already stuck holding in sheer fear aren’t the people that will drive the price up or down. It’s the people left out of the market who are now waking up to what’s affordable or not. As loan conditions tighten (and they have to), as sellers get desperate as they slip into financial ruin in the gutter (and they are), the prices start to come down.

Market forces, my friend. It’s just market forces.

]]> By: TorontoBull http://www.greaterfool.ca/2008/08/22/rip-2/comment-page-5/#comment-4725 TorontoBull Wed, 27 Aug 2008 13:20:19 +0000 http://www.greaterfool.ca/?p=455#comment-4725 @mike please read what I say. My sign-in name has nothing to do with bull or bear markets for that matter. Perhaps you've heard that the bull is Spain's national symbol? As of toronto market I think that the scale of the upcoming collapse will depend on a) rise in unemployment b) to what extent will immigration decline compared to previous years. @mike
please read what I say. My sign-in name has nothing to do with bull or bear markets for that matter. Perhaps you’ve heard that the bull is Spain’s national symbol?
As of toronto market I think that the scale of the upcoming collapse will depend on a) rise in unemployment b) to what extent will immigration decline compared to previous years.

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