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Cdn. Yield: Corps, Trusts, GICs, Pref. Shares
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Talking heads/ China/ markets People
need to realize that you only lose money when you sell at a loss. If
you are holding quality stocks that are paying a decent dividend, and you have not sold at the beginning of a market correction (hard to time) then
there is no need to sell when the market is well corrected - you can wait and just keep collecting those dividends. As far as China is concerned, a lot of the numbers coming out of China really do not mean much as the validity is questionable but some sources of information do give some good insight. I noticed while reading in Platts today that China's purchase of base metals (nickel and copper) are ramping up considerably. From other sources, i notice that they are still purchasing a lot of gold and iron ore and oil purchases are up. (These sources have one thing in common - they are not dependent on data from China) As for all the problems in China being related to the switch from an export to internal consumption based economy - I do not buy this for the following reasons. A lot of the export markets that they sell to have been in the economic dog house (think Europe, resource producers and areas where we have political turmoil). As such, China's exports were bound to take a hit and their move to being more focused on internal consumption would lower the impact and actually be positive overall. What people need to remember is that the talking heads that they listen to every night all repeat the same thing and generally have no clue as to the validity of the script they are reading. The best that can be said about them is that they are entertainment. What China's increased purchases of the raw materials that drive their economic engine is telling me is that they are taking advantage of low prices and getting ready for the next leg up as the wold sorts out the problems that have created the current slump ;-) JMO |
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Msg # | Subject | Author | Recs | Date Posted |
85166 | Re: Talking heads/ China/ markets | riprap | 0 | 8/26/2015 2:20:03 PM |