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By Guest Blogger Doug Rowat
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According to Kathryn Woodcock, a professor at the University of Ryerson (as it’s called for the time being anyways) and an expert in amusement ride safety, the “chance of being seriously injured on a fixed-site ride at an amusement park in the United States is one in 17 million rides.”
Pretty favourable odds. It’s far, far more likely that you’d suffer a worse fate actually driving to the park itself.
Yet amusement park rides, particularly rollercoasters, still inspire extraordinary fear. So much so that there’s a term for it: coasterphobia, which combines about a half dozen different phobias, including emetophobia (fear of vomiting). But in most cases the central fear is the possibility of hurtling off the coaster into the abyss. But this never happens, at least not with any meaningful statistical likelihood.
And so it is with equity markets. Many investors unnecessarily fear getting on the market rollercoaster in the first place, of course; but once on it, they desperately want off when the ups and downs begin.
But even though volatility is an entirely normal part of the ride, it, unfortunately, becomes the source of poor investment decisions.
Let’s cover some volatility basics. Volatility’s typically measured through the Cboe Volatility Index (VIX), which tracks option trading on the S&P 500. Via options tracking, the VIX is able to show the magnitude of price changes expected in the near future. When the VIX rises, it’s indicating expectations of more dramatic price swings. Therefore it’s sometimes referred to as “the fear” index.
Volatility’s also unavoidable. Below is a chart of the VIX over the past 30+ years—each spike representing a more volatile period. What it reveals, of course, is that markets always find something to worry about. Here we also see the constancy of volatility—the spikes are so frequent that the chart looks like the EKG of a runner midway through a marathon:
CBOE Volatility Index – long term.
Source: CBOE, Turner Investments
So volatility’s always present. But it also needs to be put into perspective. Here are some additional facts:
* Elevated volatility rarely signals a long-term downturn for the S&P 500. In fact, overall, the VIX is entirely unpredictive of future market direction. The long-term correlation, for instance, between the VIX and the S&P 500 is near zero (-0.06 correlation).
* Elevated volatility is common. High ‘whip-saw’ periods such as the one we’re in now, with the VIX near 30, occur more than 10% of the time. So if we could spread high volatility periods out evenly over time, we’d see a spike to 28 (the current VIX reading at the time of this writing) or more occur three to four days every month.
* The corollary of the above point, of course, is that high volatility rarely lasts. As you can see from the chart, most of the time, elevated volatility quickly retreats.
* Mind-numbing volatility—where the VIX sits at, say, 80 or above—amount to black-swan events. The VIX has only closed above 80 three times since 1990. Or about once in every 2,700 trading days.
* All things being equal, volatility tilts lower. The time distribution below shows how, despite the media’s best efforts to constantly stir up fear, the VIX actually skews below its long-term average of 19.5 the majority of the time.
Volatility distribution below and above long-term average
Source: CBOE, Turner Investments
So what happens with volatility this year? It probably moves higher—Putin and the Fed are helping with that. But regardless, volatility will likely have little bearing on eventual market returns (we’re expecting a solid year for the S&P 500, btw). When we layer the S&P 500 over the VIX, it’s clear that equity markets largely ignore volatility. The majority of the time simply slicing right through it:
CBOE Voolatility Index vs S&P 500
Source: CBOE, Turner Investments
The only real danger with volatility is giving in to it (selling assets) every time it rises. From an investment perspective, such responses are fatal.
Remember: the rollercoaster won’t kill you, but jumping off it yourself surely will.
Doug Rowat, FCSI® is Portfolio Manager with Turner Investments and Senior Investment Advisor, Private Client Group, Raymond James Ltd.
121 comments ↓
The disciplined investor will already have a pre-determined list of buys/sells and use the volatility to opportunistically rebalance! No point in wasting a Boxing Day sale that appears in January.
Thank you Doug. Sometimes all you need is a reminder that the the sun will rise the next day.
Speaking of roller coasters, if you ever get the chance (if you haven’t already, that is) go to EuropaPark in Rust, Germany. Outstanding!
How do you solve this problem? Whenever stocks go on sale, like they did 23 months ago, you go on a buying blitz, even running up some margin debt when the deals get exceptional.
Another succinct article to soothe the worried investor.
Well done Doug.
Chive on.
I have Ponziephobia.
Fear that one day he may actually be right.
Usually, there is a warning on the entrance of the roller coaster that people with a heart condition should not partake.
But some ignore it.
And pay the ultimate price.
Cowboys will be cowboys.
I think highly volatile stocks should carry the same warning.
The War on Small Business continues. Third year running (you know this is going until 2025?)
And the government will not still let you make money.
We are under heavy occupation during this global WW3:
https://www.blogto.com/eat_drink/2022/02/rules-bars-nightclubs-ontario/
“These are the rules for what you can do at bars and nightclubs in Ontario right now
Can I stand and drink? You have to remain seated at all times while consuming food and drink.
Can I get together with a big group at the bar?
The number of people not from the same household that can be seated at the same table is currently capped at 10. More than 10 people can sit together only if they’re all from the same household, or if a member from one other household lives alone or is a caregiver.
Am I allowed to dance at bars and nightclubs? No, only performers or workers are allowed to dance.
Is karaoke or singing allowed? Not yet. Only performers or workers are allowed to sing and they have to be separated from people by at least two metres or with a barrier like plexiglass.”
–Check your history books …
“Under the Taliban regime, however, all performances of music and dance—and even listening to or watching the same—
“Singing and dancing were strictly forbidden in Afghanistan during the Taliban’s previous rule from 1996-2001
—
Housing:
https://www.cmhc-schl.gc.ca/en/media-newsroom/news-releases/2022/canada-supports-affordable-housing-black-canadians
“Today, the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, announced up to $50 million dedicated to building housing for Black households.
A warning, this link is a video by a proclaimed Canadian Patriot.
Viewer discretion is advised.
https://www.youtube.com/watch?v=MSKJg0qAEnc
Cheers, R
Small Business. Sticker Shock. One venue I went to maybe a dozen times over year and a half, their food items are 40% higher this year. Sorry I’m not paying $30 for a burger and large bowl of chunky fries. Add a drink, HST and tip that’s $50 for basic food.
We all learned those demand and price curves in Economic class.
The concern also is what other corners are being cut in cost savings? Bare bones staff so how about deep Cleaning? Quality of ingredients? When was that fryer oil last changed? Blech.
—-
WW3: Where are we? It is intensifying. Skirmishes and street battles are breaking out in every Kanadian city – maybe yours. Heavy equipment encampments and lines are being drawn. Civillian resistance fighters are flooding in. DMZ are being drawn up around hospitals, government buildings.
The uniforms – police and army – are plotting strategy. Snipers and recon are posted on the rooftops.
This is all by design and mightly funded – as we saw. Our elite global rulers are roaring their heads off as we tear each other apart. Life in the Former First World Countries?
We have RED zones just like in Iraq.
“City officials have promised to “expand and harden the demonstration red zone,” referring to the Freedom Convoyas a dangerous, well-funded occupation. In a series of tweets sent Friday morning, Ottawa police indicate they will be implementing a “surge and contain” strategy in neighbourhoods”
—We are in the theatre of war. And theatre it is. I’ve been saying for years that this New System is being run by A.I. and global Big Tech. Who are the players today ? Gofundme. Facebook, Youtube are deleting and banning the participants also. Even new world order frontman Elon M. is playing his role and tweeting.
— Kept divided – at all times. The perfect occupation strategy. State/Party media ensures it:
.People are severing friendships over convoy protest, with some saying it shows ‘true colours’ (cbc.ca)
Another way to get around the roller coaster of the stock market is to sell stocks and ETFs that have gone way up, like oil companies, and buy ones that are on sale now like renewable energy companies such as INE and BEP.UN. While those complete idiots are blowing horns and making fools of themselves in Ottawa I think many smart vaccinated truckers are hauling loads, making money, and putting some of that money into assets that are on sale now.
As for roller coasters, they are fun but if you want even more fun spend some of those capital gains you’ve made on skydiving. Yahoo!
Yeah, I’m o.k with rollercoasters.
I put an oil fund in my wife’s TFSA at the start of the year, and so far she is happy with that decision.
If oil starts to slide, the only move I will make to protect myself is to hide all the heavy pots and pans…
M47BC
The reason it’s so scary and volatile is because central banks have printed TRILLIONS of dollars and kept rates negative for 20 years. If that same roller coaster was manipulated by the engineers/maintenance crews it wouldn’t be as safe as historical average suggest. Imagine if engineers built them taller and the lower parts lower it would cause a lot more injuries and plunges. If they tried new ways of bolting the tracks that make it a bumpier ride people would stop going all together.
Fear drives everything.
Go, Canada, go!
yep Woodcock sounds like she got it right, selloff psychology
My cash pile keeps building until the VIX hits 80 then I go “ALL IN” the markets.
Well Doug, on the topic of volatility…
Canada, Laipni lūdzam Eiropā. Your troops are in Latvia:
https://youtu.be/Kze0o1ME4bc?t=111
https://www.ctvnews.ca/politics/canadian-led-battlegroup-in-latvia-at-high-readiness-amid-nato-russia-tensions-1.5748155 [Jan 20]
Yet on Feb. 2nd Minister Anand says “Canada talking to allies about ‘options to reinforce’ eastern Europe” (obv. playing coy):
https://www.ctvnews.ca/politics/canada-talking-to-allies-about-options-to-reinforce-eastern-europe-anita-anand-1.5764932
Those Cdn C17s I’ve been tracking on https://globe.adsbexchange.com/ had to have been going somewhere.
Goods news is you’re there with the Italians…at least the Cdn troops will know where to go to get some good food, España there too.
Something’s up.
Normally, Italia’s Aeronautica Militare has a video of their Frecce Tricolori Aerobatic jets on their YouTube landing page. New theme:
https://youtu.be/yAJAWHvEYtQ
[“With passion towards the future” the ending says]
Forget the VIX
The market valuation is extreme.
The S&P 500 is trading at twenty-six times earnings with the Nasdaq trading nearly thirty-four times.
Farcebook just lost 25%.
This “roller coaster” is signalling the extreme structural decay underneath the system.
Stay the course?
No, rebalance wisely.
Great explanation and graphs. Thanks!
Fashion Volatility…
“I Tifosi” not at all happy with the Italian Olympic Team “uniforms” at the Beijing Winter Olympics opening ceremony.
https://i.imgur.com/7bPTioM.png
I Tifosi on Twitter:
“A tricolor shower curtain”
“We are the favorites in the sack race”
“The Italian national team had expected rain”
“Armani hates Italian athletes!”
my personal favorite, besides the shower curtain comment, is:
“We look like a group of tourists sheltering with a plastic cape”
[I have seen this in Rome many a time during their Spring “nubifragi”]
Fashion taken seriously in Italia, well except by Giorgio and his EA7.
At least the pants were Azzurri.
#16 Rebalance on 02.05.22 at 11:49 am
Farcebook just lost 25%.
This “roller coaster” is signalling the extreme structural decay underneath the system.
—-
Blue chips get smoked all the time. Witness the fall of GE in 2017 or AT&T over the past several years. It usually signals nothing.
—Doug
#7 Russ on 02.05.22 at 10:58 am
A warning, this link is a video by a proclaimed Canadian Patriot.
Viewer discretion is advised.
https://www.youtube.com/watch?v=MSKJg0qAEnc
Cheers, R
———————————-
Pictures like that just enforce the view the foreigners have about Canada.
Come to Vancouver and see the true new Canada.
CEF not-with-standing.
#9 Doug in London on 02.05.22 at 11:12 am
Another way to get around the roller coaster of the stock market is to sell stocks and ETFs that have gone way up, like oil companies, and buy ones that are on sale now like renewable energy companies such as INE and BEP.UN.
———
Renewables? Really?
One reason oil/nat gas is doing well is due to renewables disappointment. The renewables companies have burned through the ‘wing and a prayer’ financial incentives and now physics has returned to the void previously occupied by hopium.
But, sure, buy some windmills if you want. There may be some more subsidies to burn through.
I agree with Nonplused regarding nuclear being a logical solution.
#11 Sam on 02.05.22 at 11:13 am
The reason it’s so scary and volatile is because central banks have printed TRILLIONS of dollars and kept rates negative for 20 years.
—-
Another confused big rig in the central-banks-manipulate-the-market convoy. Assume this is the case, would it have been financially prudent then not to have participated in equity markets for the past 2 decades?
—Doug
100 Ballingsford
“If things were different though, what would be different in your mind from what Garth says? It shouldn’t matter.”
Being self-employed, my first two points (income
stream and size of mortgage) were paramount. I had seen too many people build palaces then had the rug pulled out from under them. It’s “recency bias” thinking business will just continue being good/great.
When I built my current house, I carefully analyzed the cost, mortgage required, and projected earnings. The worst case (well, not worst, just bad) was a 20 year
payoff with saving a couple of hundred grand in RRSPs. As it turned out, business roared for a few years, allowing annual prepayments on the mortgage as well as saving and investing. When the GFC hit, I opted to pay off what was remaining at renewal, while the rest of the world was trying to “jingle mail” their lenders.
As it turns out, I would have been better off continuing with the mortgage (at ever decreasing rates – who knew?) and investing the extra cash. Even though earnings dropped over 30%, I could have still managed the mortgage payments. But at the time, there was some fear of a longer term bank and financial collapse and I would rather not have owed ANY money.
But also as a business owner, I know the hassle of obtaining financing. Home equity is straightforward and
remains the most accessible (like it or not). And then keep a cash balance to live on, or to pick up either business or personal assets on the cheap.
SO selling my house now for 2.4 mill, (which I bought for $300K) ,would be considered ‘jumping off the rollercoaster”? OR should I wait for it to drop 30% and and keep going higher over the next 100 years?
One way to profit from high volatility is sell puts. But be warned it’s very much like riding a mechanical bull. https://www.yelp.ca/biz_photos/rock-n-horse-saloon-toronto?select=wPbE_I2tY2Pt10HPpIDBSg
The Olympics are usually something I look so forward to. Celebrating Canadian excellence is truly a passion. However, I will not be watching this year for two simple reasons that require no further explanation.
1) Beijing
2) @CBCNews
Ponzius Pilatus on 02.05.22 at 12:29 pm
Viewer discretion is advised.
https://www.youtube.com/watch?v=MSKJg0qAEnc
———————————-
Pictures like that just enforce the view the foreigners have about Canada.
Come to Vancouver and see the true new Canada.
CEF not-with-standing.
==================================
Very perceptive Ponz,
It is a regular blog of a specialty wool company based in Texas (with a substantial amount of sales to Alaska).
I’ve been to Vancouver many times when I flew across the pond for business meetings. You’re right of course, there are a lot of Asians in Vancouver now.
Cheers, R
Buffalo Wool Saturday post:
https://manage.kmail-lists.com/subscriptions/web-view?a=Ky5Kxt&c=MywJFs&k=6d7c4857f1a0c8c5a413cc658e4e3623&g=Q8NfKy&m=XrMnUY&r=H3Gcz6G
@#20 Ponzie’s Propaganda
“Pictures like that just enforce the view the foreigners have about Canada”
++++
Don’t knock bison riding til you’ve tried it.
All Canadians have ridden bison after they have learned not to stick their tongue on a mailbox in winter, lacrosse and how to make maple syrup.
Canuck skills.
Its a secret society….like the Masons.
Poor Sam missed out because central banks printed TRILLIONS!
#24 Don on 02.05.22 at 12:43 pm
SO selling my house now for 2.4 mill, (which I bought for $300K) ,would be considered ‘jumping off the rollercoaster”? OR should I wait for it to drop 30% and and keep going higher over the next 100 years?
Xxxxx
I think you’ve mistaken a funhouse for a roller coaster. ;)
#20 Ponzius Pilatus on 02.05.22 at 12:29 pm
Pictures like that just enforce the view the foreigners love about Canada.
———
Fixed
#24 Don on 02.05.22 at 12:43 pm
SO selling my house now for 2.4 mill, (which I bought for $300K) ,would be considered ‘jumping off the rollercoaster”? OR should I wait for it to drop 30% and and keep going higher over the next 100 years?
———————–
No brainer, DON
Take the jump.
Give 50% to the Garth Turner Gang to invest.
Spend the other half on Wine, Women and Song.
That what I would do.
Life’s too short, you won’t be around in 100 years.
Exit the Roller coaster?
#24 Don on 02.05.22 at 12:43 pm
SO selling my house now for 2.4 mill, (which I bought for $300K) ,would be considered ‘jumping off the rollercoaster”? OR should I wait for it to drop 30% and and keep going higher over the next 100 years?
******************************
Yes, good to recognize when the ride is over. You may now exit to the left, single file, selling your house and and moving to Alberta. When can we expect you?
5 Ponzie
“I think highly volatile stocks should carry the same warning.”
—————
Seems to me the warning is on anything and everything that you sign with an advisor, and is probably front and centre with a checkbox when you start up an online
account.
“Your investment(s) could lose money” rings a bell
along with “the value of your investment may (will?)
flucuate”. Everybody is warned, it’s just that many forget.
#26 Brian on 02.05.22 at 12:57 pm
The Olympics are usually something I look so forward to. Celebrating Canadian excellence is truly a passion. However, I will not be watching this year for two simple reasons that require no further explanation.
1) Beijing
2) @CBCNews
——————————————
Beijing 2022
Fake Snow – Real Genocide
Get the T-Shirt here: https://www.chinauncensored.tv/merchandise
CBC is amazing, such a woke social consciousness but will still participate in promoting China? I guess Green Energy hopium , Social Justice and Globalism agenda are all only to destroy Canadians prosperity.
There are more gains in Toronto real estate.
Majestic and esteemed investors from Angola, Equatorial Guinea, Nigeria, Russia and Ukraine have doubled their investments in Canadian real estate.
Adam Vaughan and Tiff Macklem have ensured that global investors from world class emerging economies are safe and secure.
Ever been stopped at a rural railway crossing, the bells going off, the lights flashing, the guard rails down…but there is no train?
Engaging with Sail Away is like that, noise but no train. I hope he puts more effort into engineering his bridge re-paves than he does into his Internet searches.
I realize being on the right these days demands loyalty with no thought but the info is there, you just have to look. But I guess only if you want to.
https://techbomb.ca/general/alarming-rise-in-threats-against-journalists-covering-the-ottawa-occupation-protests/
@Sail Away, post #21:
The point I’m making here is you ALWAYS sell what’s in favour especially if it’s cyclical and buy what’s out of favour. I remember how 2 years ago the “experts” said that demand would fall for oil as the world embraced renewable energy and more oil supply came on the market. Now those “experts” say the opposite is true.
I remember hearing all this bad news about oil in 2020 while driving my GASOLINE fueled car around town and on longer trips. I saw a lot of trucks on the 401 highway and buses in the city that run on DIESEL FUEL. I also remember waiting at level crossings for trains pulled by DIESEL ELECTRIC locomotives to go by. I remember that summer in Grand Bend being pulled by a powerful boat running on GASOLINE at Grand Bend Parasail. I also saw the Cessna at Skydive Grand Bend fly over that runs on AVGAS, or aviation gasoline. You need to look at the big picture. I figure sooner or later Saudi Arabia or Russia will increase production and there will be bellyaching about the dismal future of oil once again.
As for nukes, I agree fully with you they are needed to complement renewable energy, It’s too bad the Germans haven’t figured that out yet. As for me, along with some exposure to renewable energy I also have exposure to uranium with CCO-T, U.UN-T, and URA-NY.
#37 Ustabe on 02.05.22 at 2:29 pm
Ever been stopped at a rural railway crossing, the bells going off, the lights flashing, the guard rails down…but there is no train?
Engaging with Sail Away is like that, noise but no train. I hope he puts more effort into engineering his bridge re-paves than he does into his Internet searches.
I realize being on the right these days demands loyalty with no thought but the info is there, you just have to look. But I guess only if you want to.
https://techbomb.ca/general/alarming-rise-in-threats-against-journalists-covering-the-ottawa-occupation-protests/
^^^^^^^^^^^^^^^^^^
Abusers and their sympathizers always minimize and deny.
#37 Ustabe on 02.05.22 at 2:29 pm
Ever been stopped at a rural railway crossing, the bells going off, the lights flashing, the guard rails down…but there is no train?
Engaging with Sail Away is like that, noise but no train
—
I think the word you are looking for is “patina”. A patina of truth brittle as the carmelized sugar on top of a crème brûlée. You can see it if you turn your head to this angle, squint your left eye, close your right eye and mutter “Donald Trump was a good president” to yourself seven times.
And careful Ustabe, Sail Away may just invite you out for an offshore boat ride.
Vancouver health authorities warn staff to shelter and hide medical credentials during anti-vaxx convoy.
https://bc.ctvnews.ca/vancouver-health-authorities-warn-staff-to-shelter-and-hide-medical-credentials-during-anti-vaxx-convoy-1.5769041
Doug,
This is really helpful information. I have a question for you. If market dips are recurring events, why won’t financial advisers keep a portion of clients’ funds in cash (e.g. 10%) to take advantage of bottom prices. When I ask this of my adviser he says that timing of the market doesn’t work but it doesn’t really answer my question and I think there is something more nefarious at work.
Anyone seen this brilliant Neil Oliver opinion piece yet?
https://www.youtube.com/watch?v=E6zDBPMMJmI
DELETED
#7 Russ on 02.05.22 at 10:58 am
A warning, this link is a video by a proclaimed Canadian Patriot.
Viewer discretion is advised.
https://www.youtube.com/watch?v=MSKJg0qAEnc
Cheers, R
************
He’s a good Canadian.
Be thankful, wherever you live in Canada.
#40 Faron on 02.05.22 at 3:11 pm
Ustabe, Sail Away may just invite you out for an offshore boat ride.
/////////////////////////
Aren’t all boat rides technically offshore?
Or are you talking about having a tug in the tub…
M47BC
#39 Observer on 02.05.22 at 3:09 pm
#37 Ustabe on 02.05.22 at 2:29 pm
Abusers and their sympathizers always minimize and deny.
—
And when they don’t like what you are saying they call you “crazy”. And from there they progress to threats, physical or otherwise.
It’s gaslighting, plain and simple, and happens to be the same tactic used by men who abuse women. Not accusing anyone here of that, but it’s bad company to keep IMO.
Unfortunately, it’s a well-worn and very effective playbook. If one lacks integrity and has to win at all costs, it’s going to work most of the time.
Something has to give.
Governments from all over the developed world have dusted off the Keynesian operator’s manual, and are committed and shackled by the political realities to put into full gear.
At the same time the Monetarist have hitched a ride on the trek that will end in a crash.
There is no way Central Bankers can control inflation without killing the economy.
Sure, they will declare with their flight plan that the destination is Neutral, but they will run out of runway long before they take flight.
Tick Tock, Tick Tock
Yesterday Garth wrote a post titled Better.
Early 90s in Australia a band called The Screaming Jets wrote a catchy Oz Rock Classic titled Better.
Could have put it up yesterday, but Statistics Canada tells me it’s better to annoy your neighbours on a Saturday night…
M47BC
https://www.youtube.com/watch?v=F5JaDPHbFs4
#46 Flop… on 02.05.22 at 3:55 pm
#40 Faron on 02.05.22 at 3:11 pm
Ustabe, Sail Away may just invite you out for an offshore boat ride.
/////////////////////////
Aren’t all boat rides technically offshore?
Or are you talking about having a tug in the tub…
M47BC
I don’t know about all that but I had a stroke in the shower last night!
Haha. My cheerleaders appear to be out in full force today. Good synchronicity.
#42 macduff on 02.05.22 at 3:44 pm
Doug,
If market dips are recurring events, why won’t financial advisers keep a portion of clients’ funds in cash (e.g. 10%) to take advantage of bottom prices. When I ask this of my adviser he says that timing of the market doesn’t work…
—-
They’re right. And 10% is a lot of a portfolio to have sitting unproductive (after fees and inflation actually losing money).
—Doug
DELETED
21 Sailo
“Renewables? Really?
One reason oil/nat gas is doing well is due to renewables disappointment. The renewables companies have burned through the ‘wing and a prayer’ financial incentives and now physics has returned to the void previously occupied by hopium.”
—————————
Not quite what I would expect from a satisfied Tesla owner.
Oh look, a solar farm in Alberta.
https://www.cbc.ca/news/canada/calgary/travers-solar-project-vulcan-1.6233629
Hasn’t the renewable sector index corrected 30%ish?
I tried to find a good energy fund, but most seem to go all in on either O & G or renewables. I was hoping to find one that did both, and would seek out value in both sectors. I bought a diversified utility instead. Pays a decent dividend too.
#38 Doug in London on 02.05.22 at 2:43 pm
The point I’m making here is you ALWAYS sell what’s in favour especially if it’s cyclical and buy what’s out of favour. I remember how 2 years ago the “experts” said that demand would fall for oil as the world embraced renewable energy and more oil supply came on the market. Now those “experts” say the opposite is true.
———
Let me go with ‘sometimes’, but yes, never trust anything available for public consumption.
Regarding renewables, to me they haven’t proven a business case beyond using gov’t subsidies. Could still be profitable; heck Buffett built a bunch of subsidized windmills. But they haven’t yet proven profitability on standalone basis.
I’m definitely with you on buying good businesses that are out of favour. Renewables haven’t yet proven they are good business to me.
Triple-dosed, and I tested positive for COVID today. I started coming down with a running nose on Thursday, felt really tired Friday, especially in the morning, and was still a bit congested by the end of the day. Had a really hard time getting out of bed again this morning and a bit of a sore throat, but am now feeling far less congested and have more energy.
I think I’ll be fine by tomorrow. My neighbour just had it too, along with all 10 of her fellow daycare workers. She is also triple-vaxxed and had only mild symptoms for a few days. She told me that the hardest hit among her colleagues were those who had not been vaxxed, but also confirmed that those who had received only two doses had far worse symptoms than the triple-dose crowd.
Be safe everyone and if you haven’t already, please consider getting vaxxed. Not for JT, but for you and your family.
#54 Dr V on 02.05.22 at 5:39 pm
21 Sailo
“Renewables? Really?
One reason oil/nat gas is doing well is due to renewables disappointment.
=================
disappointment implies that their was hope or factual evidence of the replacement theory. It was never true.
Take it from and communication engineer.
I’ve got all the electrical and communication knowledge and blew the doors off these ignorant theory’s a long time ago.
Just check out what happened to those GREEN countries in Europe this winter. Predictably laughable.
Kanada has the energy independence that most countries can only dream of.
What did Trudeau do? He sh!t on all of it.
This guy is very dangerous to you financial health and well being in general.
#39 Observer on 02.05.22 at 3:09 pm
#37 Ustabe on 02.05.22 at 2:29 pm
Ever been stopped at a rural railway crossing, the bells going off, the lights flashing, the guard rails down…but there is no train?
Engaging with Sail Away is like that, noise but no train. I hope he puts more effort into engineering his bridge re-paves than he does into his Internet searches.
I realize being on the right these days demands loyalty with no thought but the info is there, you just have to look. But I guess only if you want to.
https://techbomb.ca/general/alarming-rise-in-threats-against-journalists-covering-the-ottawa-occupation-protests/
^^^^^^^^^^^^^^^^^^
Abusers and their sympathizers always minimize and deny.
***************
I’ll see your threats, and raise you an actual vehicular assault. I’m sure he prevented numerous micro-aggressions by anti-mandate protestors though, so entirely justified.
https://www.cbc.ca/news/canada/manitoba/hit-and-run-trucker-convoy-winnipeg-manitoba-police-1.6340990
#43 crowdedelevatorfartz on 02.05.22 at 3:46 pm
Anyone seen this brilliant Neil Oliver opinion piece yet?
https://www.youtube.com/watch?v=E6zDBPMMJmI
———————————
Thanks CEF for the link.
Watching the Olympics, no time for nut cases like this guy.
Looks what I imagine IHTCD9 may look like.
But IHTCD9 is much smarter.
One day maybe you can tell us how you find all those weirdos.
I usually go straight to FOX News.
#56 CICI
Thank you for your post.
Same in my family.
We all had it.
My daughter who is only double vaxxed had it the worse.
Trust your health care workers, not the “honking” idiots.
@#43 Ponzie
“One day maybe you can tell us how you find all those weirdos.”
+++
A friend in Britain watched him on the telly today and texted the link….
It’s called the Inn Terr Net.
The blog site had 5000 views at 12 noon Vancouver time.
The site now has 30,000 views at 3:30pm.
Check it tomorrow and the next day.
I’d say 1,000,000 views in less than a week is entirely possible.
https://www.youtube.com/watch?v=E6zDBPMMJmI
He mentioned Austria is a virtual police state with the mandated vax laws…..
What’s old is new again.
Ponzius Pilatus on 02.05.22 at 12:29 pm
Viewer discretion is advised.
https://www.youtube.com/watch?v=MSKJg0qAEnc
——————————————-
You have to be a particular sort of narrow minded not to appreciate a guy who can ride a buffalo. I mean, it’s sort of like bull riding in that there is a large “Why???” factor, but it is not something everyone can do.
And no, I don’t spend a lot of time worrying about what sort of impact such things have on foreigners’ views of Canada. Who cares what they think? In fact, surprisingly, they spend very little time thinking about us at all. It is only our Canadian form of arrogance that assumes most foreigners could even find Canada on a map. We just don’t matter as much as we think we do. Nobody cares.
I spent a fair amount of time in New Jersey. Pretty much none of the people I worked with had ever seen Canadian money before. They’d heard of Toronto and Montreal, but hadn’t ever been there. And they thought I was the one with the accent! Can you believe it? New Jersey isn’t that far away.
Oh and back in the day when the Calgary Stampede was still a thing, what was kind of amazing was how many foreigners came to Calgary from around the world but particularly Europe to see it, particularly the rodeo and chuck wagon races.
So ride on buffalo guy!
Seems to be a lot of people who have trouble with railway crossings in the comments today. I guess that’s what happens if you never leave Toronto.
Phew, man. Talk about roller coasters, that hottie at the gym is playing games with me..up, down, thinking about stuff they said…wow! I don’t want it to stop…oxytocin, please don’t stop.
Newsflash to all you suckers out there: This is the roller coaster of life. I would not trade these interactions for all the teslas in the world.
looong road ahead..somebody’s going to have fun
Og
#59 Ponzius Pilatus on 02.05.22 at 6:39 pm
============================
Says it all.
Its why we are where we are.
Maybe you can get a seat by XI.
I watch my mouth though or you’ll disappear real quick.
Every been to China?
I have a few times and no more. They treat you like a piece of garbage and that’s just the airport.
Maybe go visit the 2 Michaels see how their stay worked out?
Hope you were joking.
Ponzius, I can only assume you have no idea of who Neil Oliver is.
Nut case ? Weirdo ?
One of the most popular presenters of History ,Geography and Archaeology documentary productions in television history. Former President of the National Trust of Scotland.
Keep watching that Fox ! Sure to expand your horizons.
#59 Ponzius Pilatus on 02.05.22 at 6:39
Looks what I imagine IHTCD9 may look like.
——- – –
Too much hair, not enough beard.
As someone once wrote, volitivity is the price of admission into the market.
Doug, excellent post. Can’t have enough reminders about keeping things in proper perspective.
Pierre Poilievre has elected to run for the Conservatives. He is a good choice in terms, of the line up in the existing conservative party. Time to get a realist running against Trudeau, and get the Country firing on all cylinders. With some luck we will shed JT, and get our focus back to basics, and responsibly increasing our productivity and standard of living. Cheers Canada!
#56
Be safe everyone and if you haven’t already, please consider getting vaxxed. Not for JT, but for you and your family.
—-
Really good point, and hope you are okay. You will feel invincible when it runs its course. We had this in our house 3 weeks ago after my 17 year old caught it likely from playing basketball. Had yet to have the booster at that stage, but it was not bad at all….
#62 Nonplused on 02.05.22 at 7:02 pm
And no, I don’t spend a lot of time worrying about what sort of impact such things have on foreigners’ views of Canada.
—— —
This kind of thing is what immigrants love about Canada. We are seen as this massive wilderness with little population. Fresh air, clean water, wildlife galore, mountains and tundra, boreal forests, glaciers and till. All true, but I got this from immigrants slaving in the gta. There’s no doubt Canada is being sold as a pristine wilderness and Western utopia to the poor unsuspecting folks in the third world. 110%.
#9 Doug
You are kind of right, I sold my GXE after getting a nice 60% gain in a week, will watch it dip and buy in again. I would not be closing positions in oil yet, this is usually a five to seven year play with lots of life still in it.
ITE.TO.
#58 Masks really do make some people more attractive on 02.05.22 at 6:36 pm
Do you even bother to read the links you post?
First, it is a CBC link you commie!
Second contained within the story is the following:
“Some comments were made by the accused that tends to suggest this was not specifically about the [vaccine] mandates,” Carver said. “He wasn’t for or against any of the general views that are floating around this country.”
So I guess I’m failing to grasp the nuance of your CBC link then.
What I do grasp is your failure to understand the damage this little temper tantrum is doing to the cause of Conservatism in Canada.
But that has always been the way with conservatives anywhere…eat their own.
By the way Masks, you are new here so I’ll let you in on some bona fides of mine. Worked on 2 Provincial Progressive Conservative campaigns, one as a volunteer, one as a paid employee. That punched my ticket to a Federal campaign and we got our guy elected. Which led to a 6 month contract in Ottawa. Sort of payback for all the 16+ hour days on the stump.
But why listen to anyone who has spent decades working for conservatism in Canada…I even go to Manning’s conference every couple of years, to see what is happening, to try and keep up.
But you do you with all the Maverick Party, white supremacist hate and the grift taken right from Trump’s playbook…I’m sure that will lead to victory, right?
This is a topic of interest of mine. I will share my two cents on the matter. I sell covered calls and cash secured puts ever 2 days on the major index, iwm and spy.
every other day i am buying or selling the stock at the money, makeing about 1.4% every two days of premium. the vix is a 90 day average the VXX is a better representative of current implied volatility which is the key component of option prices.
this assumption that you have to participate in the marketplace at all times, dont miss the rip periods where many of the sustained returns come from is false narrative.
With options you can create scenarios’s where you participate in the market fully with less capital at risk, or create an income stream from that volatility to reduce your adjusted cost base or supplement your dividends, or hedge an entire portfolio or any part of it with a 3% net cost put protection. so you can sleep at night under ancy circumstance.
yes lots trading and yes it has to be at interactive or national bank where commission is free and option costs are a cup of coffee.
I dont buy the argument that I have to pay to participate in the markeplace by accepting volatility, when it should be the reverse, volatility pays me to participate, if i go on this rollercoaster ride up and down and accept it as some natural cycle that must be accepted. I simply want the train to go from a to b in the shortest less bumpy road, I dont get any thrills going up and down like a school kid and end up at the same place as if i took a smooth ride.
you have to pay me to have the opportunity to throw up. People get fixated on the price of the apple tree. (stock price). where i am here to harvest apples from the tree, with the volatility, i sometimes get an apple for the week, sometimes a basket , sometimes a half bushell on rare occassions. I get paid 3x a week regardless of market direction, yes stocks go up and down or index levels but if your simply going on this rollercoaster ride for fun good luck, others are here to make some money.
57 All lies…..
“Kanada has the energy independence that most countries can only dream of.
——————————————
Indeed. I like to point out that my dwelling is almost completely renewable energy, subject to the little that the local provider (BC Hydro) purchases on the continental grid.
BC energy consumption breaks down something like 35% petroleum, 30% Nat gas, 18% hydro, 13% biofuels with the remaining few percent from other renewables.
So we have to triple our current electrical output if we want to electrify the vehicle fleet. Current cost projection of site C project is $16B. It will produce 1100 MW. I did hear that it will require 15 more site Cs to accomplish the required output increase. My napkin calculations showed less.
Alberta’s solar farm near Vulcan produces 465MW at a cost of $700M. It covers 1300 hectares, while the site C reservoir covers over 9000 ha and still has to rely on the 177000 ha Williston reservoir for storage.
There are also 2 large windfarms in southern Alberta adding another 450MW.
https://canada.constructconnect.com/joc/news/resource/2021/09/700-million-travers-solar-project-largest-farm-ever-built-in-canada
The hydro power is of course mechanically stored in the reservoir and I understand it can be readily ramped up
or down depending on demand.
Wind and solar does not currently have scalable storage, so would have to be matched by other sources for use during times of low yield.
This article looks interesting
https://www.powerengineeringint.com/news/the-need-for-flexible-speed-0-100-mw-in-minutes/
#66 dragonfly58 on 02.05.22 at 7:17 pm
Ponzius, I can only assume you have no idea of who Neil Oliver is.
Nut case ? Weirdo ?
One of the most popular presenters of History ,Geography and Archaeology documentary productions in television history. Former President of the National Trust of Scotland.
Keep watching that Fox ! Sure to expand your horizons.
————————.
Sorry Doug, I know this is your weekend.
But this garbage needs a rebuttal, If I may.
Commenting on the British government’s response to the coronavirus pandemic, on 11 June 2021 Oliver said, “Lockdown is the biggest single mistake in world history”.[19] He also criticised the drive to vaccinate children in the UK against COVID-19, saying, “Never before in medical history has there been a proposal to vaccinate children against a disease that poses them no measurable harm. Added to this is the undeniable fact these vaccines for COVID are experimental, in that no data is available concerning long term effects.”[20] He likened the fight against government anti-COVID measures to the fight against Nazi Germany, saying, “there’s another battle of Britain being fought now. It’s being fought by a minority outgunned and shouted down by those who would accept freedom handed to them by MPs on condition that they do as they are told. That’s not freedom. That is tyranny
Please indulge me…
The story behind this link removes all the chaff, leaving the wheat.
I don’t post links but this presents my thoughts much more clearly than I could.
https://jacobinmag.com/2022/02/canada-freedom-convoy-conservative-right-wing-anti-worker-anti-vaccine
Poilievre makes it official:
https://m.youtube.com/watch?v=5ZaVfEHxs30
Conservative land-slide incoming…
I’m donating 6 figures to Pierre.
https://twitter.com/PierrePoilievre/status/1490115382157398030?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
Liberals are partying tonight as Poilievre announces his intention to run for the Conservative leadership. After O’Toole’s failure with a leftward move, Liberals are more than ready to face a move to the right with hours of Pierre’s Youtube material to mock.
Poilievre’s communication skills are better than his last three predecessors, but the Liberals have moved to the left with voter sentiment. Pierre has already staked out an unelectable position, and will go down to yet another Liberal/NDP uneasy coalition.
Tweet
See new Tweets
Conversation
pierrepoilievre
@PierrePoilievre
I’m running for Prime Minister to give you back control of your life.
Sign up now to help me replace Trudeau & restore freedom:
——————————
I did not know that did not have control over my life.
Restore freedom?
Welcome to the real world. PP
First on your agenda should be to meet with the protesters and tell them to beat it.
Thats what a Prime Minister should do.
Show your cards.
@Sail Away, post #55:
Renewables weren’t cost competitive 20 years ago, but they’re getting cheaper all the time and are quite cost competitive now. In Arizona, wind and solar power are generating electricity at a cost of 3 cents U.S. per kilowatt hour. That seems quite cost competitive to me. I’ve owned NPI and AQN for many years and they’ve done just fine. I’m averaging in more, bit by bit, to this sector as prices drop. They’ve recently become an unwanted sector, just like REITs were 9 years ago. That’s when you should buy, when a sector is on sale, like oil companies were 23 months ago.
#81 Keith on 02.05.22 at 10:14 pm
======================
Wow your quite arrogant assuming assumptions.
Like many brain dead. If your that smart head down to the casino and do some card counting.
As my buddy said Liberals are braded at birth they can cant change their minds and are unable to be bias.
Communications skills?
Wow I’m a dum dum but worth more than the 98% in this country.
I nearly failed English.
Hows that working for me…pretty good.
Another worthless opinion.
Please stop. Unless your god you DONT KNOW and either do I.
Assume nothing you’ll be richer for it brother
the fix is in play
Whether you agree with Neil Oliver’s opinion’s or not , he is still a well educated and accomplished person.
Hardly the sort I would characterize as a ” Nut case ” or ” weirdo “.
I may not agree with everything he says either. But much of it is based in Science, not political dogma.
He is about as far away from someone like Alex Jones; someone who I would probably agree is a nut case or weirdo , as can be imagined.
Remember: the rollercoaster won’t kill you, but jumping off it yourself surely will.
——————————————————————–
Except for these people. I remember it well. https://www.youtube.com/watch?v=EIKtQX89HQo
@Doug in London
Re: Renewables
——–
You make good points. I’ve placed a few on the watchlist to keep an eye on for the next few years. AQN looks interesting based on size, diversity, longeveity, interlisted-ness… and dividend.
Thanks!
@ #84 All lies and manipulated u decide
Words fail you
Sell your house, take money and run away from your communist fascist tyranny in insane socialist regime of soviet kanadastan, before your plastic money became what it is – just piece of plastic.
@#9 Doug in London $INE-T $BEP-UN-T
Bargain Basement Price~$DND-T
Great reminder Doug to avoid trading in panic, almost certain to get it wrong.
Quick question: how is oil at $93 but the C$ is still at .78. Shouldn’t it be near par here?
VCBOE VOOLatility Index vs S&P 500
Perhaps Foolability?
#33 Shawn on 02.05.22 at 2:21 pm
Exit the Roller coaster?
#24 Don on 02.05.22 at 12:43 pm
SO selling my house now for 2.4 mill, (which I bought for $300K) ,would be considered ‘jumping off the rollercoaster”? OR should I wait for it to drop 30% and and keep going higher over the next 100 years?
******************************
Yes, good to recognize when the ride is over. You may now exit to the left, single file, selling your house and and moving to Alberta. When can we expect you?
————
When hell freezes over!
#5 Ponzius Pilatus on 02.05.22 at 10:55 am
Usually, there is a warning on the entrance of the roller coaster that people with a heart condition should not partake.
But some ignore it.
And pay the ultimate price.
Cowboys will be cowboys.
I think highly volatile stocks should carry the same warning.
———–
There’s also another warning to prevent people with oversized egos from boarding.
But some choose to ignore it, right PP?
#78 Ustabe on 02.05.22 at 9:32 pm
Great article. I hadn’t considered the labour organization and rights dynamic to this.
I agreed 100% until you brought in the reference to Putin. Did you think adding Trump a step to far? Otherwise OK, volatility is a sure sign of a healthy market.
The far left and even farther left CBC made ‘ the Nazi flags’ a spotlight issue they thought would smear the truckers home..So I looked and looked until I found the single image of a Swastika. The Nazi Flag was in fact not. The owner of the flag was a youngish Mill female. She had scrawled several swastika over the entire flag referencing how Trudeau had turned Canada into a Nazi Camp. There was no Nazi Flag, instead the girl was making a pointed reference regarding Canada’s continued loos of freedoms. The propaganda hysteria on the left is wild.
And BTW way, did you see the old guy wearing two right shoes and a pink baseball cap? He must be an American sniper reporting straight to China….or Trump, we’ll interview ourselves and see if he’s here to pump gas.
#43 Crowdedflatulenceontherise
Anyone seen this brilliant Neil Oliver opinion piece yet?
———————————————————————————————————
That was excellent. Thanks for posting.
I’ve since forwarded it to many of my COVID clinging ignorant acquaintances who love to live in lockdown fear.
#84 All Lies…
I nearly failed English.
———————————————————————————————————–
When reading your posts, that’s self evident.
@#77 Ponzie’s Plagiarism Patterns vs Pierre Poilievre’s Popularity
So…… you actually did watch Neil Oliver …..and you took notes.
Well done!
Sad that you completely missed his point.
You’ll understand when the Liberals are decimated at the next federal election.
There’s a lot of very very angry voters out there disgusted at the incompetence displayed over the past two years by the whining, politically correct, apologist lickspittles currently in power.
And if Inflation keeps ramping up as I suspect it will…
$2 gas at the pumps, $8 loaves of bread, skyrocketing airplane fares, House prices, on and on and on.
All incompetently ignored by the distracted donkeys in power that mewl over more rainbow sidewalks and multi gender public washrooms.
The angry voters will explode.
Bring on another 30, 60, 90 day election traveling circus and get this farce of a govt out of office before they burn through another $500 BILLION dollars of your and my money.
@#82 Ponzies Prime Paradigm
“First on your agenda should be to meet with the protesters and tell them to beat it.
Thats what a Prime Minister should do.”
+++
Sadly the handlers held last years cue cards upside down for the PM and he understood that he was to flee to an undisclosed location AND be diagnosed with covid.
A double excuse for our appeasement PM acting like Neville Chamberlain as opposed to Churchill.
University of Ryerson?!?! Always has been and always will be Rye High.
Putin has painted himself into a corner.
Massing over 100,000 troops next to the Ukrainian border.
Holding there for weeks on end.
Stoking up the Russian propaganda pot to it’s boiling point……
https://www.reuters.com/world/satellite-images-show-troop-deployment-belarus-border-with-ukraine-ahead-russian-2022-02-06/
The frozen ground of Winter will soon turn into the mud sucking nightmare of Spring for his tanks and artillery.
If he’s going to do something….it will have to happen soon.
Lots and lots of people will die….. all to keep dictator Putin in power.
The markets will have a fit, oil will explode, and our PM will make “stern face” announcements from the cottage lawn.
@#84 All lies and manipulated u decide on 02.05.22 at 10:54 pm
#81 Keith on 02.05.22 at 10:14 pm
======================
Wow your quite arrogant assuming assumptions.
Like many brain dead. If your that smart head down to the casino and do some card counting.
As my buddy said Liberals are braded at birth they can cant change their minds and are unable to be bias.
Communications skills?
Wow I’m a dum dum but worth more than the 98% in this country.
I nearly failed English.
Hows that working for me…pretty good.
Another worthless opinion.
Please stop. Unless your god you DONT KNOW and either do I.
Assume nothing you’ll be richer for it brother
–
Better you stay silent and look a fool, rather than speak and remove all doubt.
No, an EKG never looks like that, even less for an athlete. Well…unless he is clearly dying of ventricular fibrillation right now.
@#98 Dharma Hobo
https://www.youtube.com/watch?v=E6zDBPMMJmI
The opinion/ editorial Vlog had 5000 views at Noon Pacific time Saturday.
8am Sunday ? 118,000 views.
It seems to be resonating with the great unwashed proletariat.
Politicians should take note….
#98 Dharma Bum on 02.06.22 at 8:31 am
#43 Crowdedflatulenceontherise
Anyone seen this brilliant Neil Oliver opinion piece yet?
———————————————————————————————————
That was excellent. Thanks for posting.
I’ve since forwarded it to many of my COVID clinging ignorant acquaintances who love to live in lockdown fear.
–
Oliver’s brand of paranoia pumping is right up there with the likes of the info wars guy. Quite the dogwhistle for the nutters out there.
Billy Bragg had a great rebuttal to some of the nonsense this guy espouses.
#97 Sally Winter on 02.06.22 at 3:09 am
I agreed 100% until you brought in the reference to Putin. Did you think adding Trump a step to far?
—-
Despite what his critics may have hoped, Trump was a calming influence on markets for the first 3 years of his presidency (VIX averaged only 14.5). I’ve mentioned that before here.
—Doug
@#107 WKLNR Cincinnati
“Billy Bragg had a great rebuttal to some of the nonsense this guy espouses.”
+++
Link?
I see Pierre’s Leadership announcement has 2.7 million views already.
Amazing.
https://twitter.com/PierrePoilievre/status/1490115382157398030?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
A harbinger of the election rout ahead?
#108 Doug Rowat on 02.06.22 at 11:26 am
Despite what his critics may have hoped, Trump was a calming influence on markets for the first 3 years of his presidency (VIX averaged only 14.5). I’ve mentioned that before here.
—Doug
———-
And here I thought any and all facets of Trump’s presidency were the worst single disaster ever survived by the human race in the history of always?
Colour me gobsmacked.
#107 KLNR on 02.06.22 at 11:23 am
Made it through 15s of Neilo’s tripe. Couldn’t be bothered to listen to a guy who can’t figure out the difference in volume of one’s lungs and a mask’s airspace. Sticking him up on the shelf alongside Jordan Peterson as complainey and clueless populist pontificating men who are thoroughly ignorable.
Also, 100k views on YouTube is societally weak.
Why is the Canadian dollar not higher with oil at $93?
#92 Tom from Mississauga on 02.06.22 at 1:29 am:
Quick question: how is oil at $93 but the C$ is still at .78. Shouldn’t it be near par here?
*************************************
It seems there are a lot more variables than oil driving the value of the Canadian dollar in terms of the U.S. dollar.
Some of the variables include differing interest rates in the two countries and differing inflation and differing expectations of the future changes in these two.
It also depends on the how much Canadian dollars are being converted into U.S. dollars for purposes of travel or to invest in the U.S. to import from the U.S. and the opposite of how many U.S. dollars are being converted to Canadian for Americans to travel to Canada (squat?), imports from Canada to the U.S. and U.S. investments in Canada. Rory Johnson of Commodity context noted that last time the Canadian dolalr was at parity, oil was indeed high. But also at that time there was a truly massive inflow of U.S. money being invested in the oil industry of Canada. Not the case right now at all.
There would also be purchasing power parity impacts. How many U.S. cents does it actually take to purchase a Canadian dollar worth of various items in Canada. This could have an impact particularly for any items that might be easily bought in one country and sold in another. (But it’s hard to think of much in that category).
In trying to predict the level of the Canadian dollar, remember what we recently were reminded of when almost everyone guessed wrong about what the Bank of Canada would do in January: Reminder: Predictions are hard.
111 Faron on 02.06.22 at 12:09 pm
#107 KLNR on 02.06.22 at 11:23 am
Made it through 15s of Neilo’s tripe. Couldn’t be bothered to listen to a guy who can’t figure out the difference in volume of one’s lungs and a mask’s airspace. Sticking him up on the shelf alongside Jordan Peterson as complainey and clueless populist pontificating men who are thoroughly ignorable.
Also, 100k views on YouTube is societally weak.
————————
Yeah, a Scottish Jordan Peterson comes to mind.
#111 Faron on 02.06.22 at 12:09 pm
#107 KLNR on 02.06.22 at 11:23 am
Made it through 15s of Neilo’s tripe. Couldn’t be bothered to listen to a guy who can’t figure out the difference in volume of one’s lungs and a mask’s airspace. Sticking him up on the shelf alongside Jordan Peterson as complainey and clueless populist pontificating men who are thoroughly ignorable.
———-
It is always best to ingest only information that correlates well with one’s pre-existing ideals.
Much as Trudeau happily engages with protesters, or let’s just call them Canadians, with whom he agrees.
Keep it simple. Avoid tolerance.
@#114 Sail Away on 02.06.22 at 12:36 pm
#111 Faron on 02.06.22 at 12:09 pm
#107 KLNR on 02.06.22 at 11:23 am
Made it through 15s of Neilo’s tripe. Couldn’t be bothered to listen to a guy who can’t figure out the difference in volume of one’s lungs and a mask’s airspace. Sticking him up on the shelf alongside Jordan Peterson as complainey and clueless populist pontificating men who are thoroughly ignorable.
———-
It is always best to ingest only information that correlates well with one’s pre-existing ideals.
Much as Trudeau happily engages with protesters, or let’s just call them Canadians, with whom he agrees.
Keep it simple. Avoid tolerance.
–
bizarre comment.
so many assumptions.
@#111Faron
“100k views on YouTube is societally weak”
+++
100,000 views in less than a day?
For a 10 minute comment?
While I admit most of society can’t hold their attention span longer than 15 seconds ( Faron “tripe” avoiders excluded of course)
Lets give it a week or so shall we?
#114 Sail Away on 02.06.22 at 12:36 pm
Happy to engage with opposing viewpoints. But, when the speaker, in talking about a human health situation, botches numerous most basic understanding of human physiology: no. No, thank you. Ain’t got time for that. JP has the same problem.
#116 Faron on 02.06.22 at 2:08 pm
#114 Sail Away on 02.06.22 at 12:36 pm
BTW, I built the shelf for and named it after you Sail Away! I used MDF and regularly spray it with water to best honor its occupants.
The absolute state of alt-left, virtue signaling academia.
https://www.forbes.com/sites/paulhsieh/2020/08/30/could-a-morality-pill-help-stop-the-covid-19-pandemic/?sh=558373e15b84
A US professor of bioethics arguing that the covert use of psychotropic drugs, especially to gain compliance with government policies, is ethically justified.
And the “luxury belief” class currently trying to impose it’s values on the working class still wonders why people are resisting woke totalitarianism.
#109 crowdedelevatorfartz on 02.06.22 at 11:51 am
3.1M now, is that trending or viral?
Thanks Dog,
For providing logical perspective in the time of chaos.
Indeed, this too, shall pass.
Always much appreciate free education and tips from you guys and the old man GT.
Live long and prosper.