On Tuesday, the S&P 500 ended the day about flat while Toronto gained 0.4%.
Canadian Western Bank fell another 1.5% and I added to my position in it. Most of the stocks I track were up somewhat today.
As I drove to work this morning I heard on the business news that “oil is plunging”. That sounded depressing. But, actually, they meant it plunged the day before. It was actually up for the day at the very time they were spreading that false news. In my mind it is almost never correct to say a stock or commodity IS rising or IS falling. That would appear to suggest that someone knows the direction something will head next, rather than the reality that they simply know the direction something headed in the past. And if they really do know where things are headed they ought perhaps to be buying or selling based on their apparent knowledge of the future. I mean every “trend” turns around at some point. How do people who say something IS rising or IS falling know that it did not turn around just as they made their claim? Are these the same sort of people who say things like “my gut tells me XXX will go down another YY%”? Or I “see” it headed down another ZZ%. Do people really listen to the advise of people’s guts or what they “see” (apparently in the stars). Oh well, there are 24 hours times multiple business news T.V. channels and other business news media outlets and they have to fill all that air time with something. And people do listen to this stuff, they will even constantly ask where do you “see” ZZZ heading? I say good luck with that approach to investing. And luck will be needed, I suspect.