All I See Is Red.
Fire & Fury
Well this week the market has really pulled back this week after Trump’s Fire and Fury Campaign. According to Reuter’s The damage inflicted on world stocks this week by the escalating war of words over North Korea topped US$1 trillion (C$1.27 trillion) on Friday.
On Friday Trump tweeted – “Military solutions are now fully in place, locked and loaded, should North Korea act unwisely.”
I guess it’s safe to say the market will continue to retreat. By using twitter all the time, I feel he’s mocking or egging North Korea on. In my opinion it’s scary to have these 2 world leaders at the controls of Nukes. Personally I don’t think anything will become of it because if it did World World 3 would basically start. China has stated they will be on North Korea’s side if the U.S starts bombing and the U.S. side if they get attacked first.
Lately when I log into our direct Investing almost all my position’s are in the red. 7 out of my 25 stocks were up a bit while all the others were down. I think those 7 went up because they went down so much on Thursday. I got to say I love seeing all these positions lower it creates better buying opportunity’s. The yield also increases! All I really care about is that they keep paying those dividend’s! Raises are nice too!
I haven’t made any purchases, although I was really tempted with extendicare when it went to 9 bucks and offered a 5.3% yield. Friday it rebounded and is now $9.30. I feel the drama between these 2 will continue and the market will keep retreating. I haven’t sold any positions, the red I see is currently just a paper loss. We don’t actually lose until they go bankrupt or if I sell at a loss.
Unfortunately the American’s love their wars, currently you don’t hear much about ISIS or anything. So why not start a conflict somewhere else? Sometimes political drama creates a opportunity. I feel this will create a great opportunity to buy but I’m waiting for a bigger pullback. If you think this will escalate maybe oil stocks would be a great buy. Any thoughts on Crescent Point Energy?
Black Eyed Pea’s had a great song – Where’s The Love?
By the Way American’s We are not North Korea, we are nice people. Don’t Bomb Us!