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Canajun Finances Home » Roller Coaster Markets , Olympics and #Moneytalk

Roller Coaster Markets , Olympics and #Moneytalk

The markets went berserk, and now folks are attempting to explain, mansplain or rationalize what happened. Was it bitcoin? Was it American Inflation Concerns? Maybe I wasn’t wearing my lucky socks on Tuesday? Who knows but the mayhem continues. It is now being called a correction, so welcome to the end of the Bull Market of 2009.

Estimated reading time: 5 minutes

Given this started with a 20 minute debacle, I doubt that many humans were involved in this, more like many trading algorithms saw their shadow and they all dumped, stock, causing the sudden deep drop. Another example of FinTech having the promise of doing things well, but has the downside of amplifying and accelerating bad things. Hopefully it will be a sobering event for Millenials who keep saying, “The Market never goes down”.

roller coaster markets

In Ottawa we learned that our LRT is delayed at least 6 months, if not longer. Given that the Mass Transit system in Ottawa has been a mess for 4 years, I guess another year of waiting won’t matter. I keep thinking that it shouldn’t take this long to put in a tram system, but I am not a Mass Transit expert either.

The Olympics have already started, and not just because Korea is so many hours ahead of us. Mixed Curling has started, and mixed team skating has started as well. Glad to see Curling made it into the Olympics. I hated Curling as a child, but that was because it interfered with watching the Bugs Bunny Road Runner hour. Go Olympics! Go Sports!

Remember it is Tax Season and RRSP season as well. I don’t espouse making those late RRSP additions for the sake of it, but remember you can use a TFSA, an RRSP, or an RESP to save for your future (or your kids’ future). My only argument against using those would be, you should pay your debts off first!

My Recent Writings

A while ago a loved one was duped into changing her Cable TV provider, but thanks to Ellen Roseman I was able to remedy the situation. Slamming Senior Citizens is a growth industry (given the baby boomers are getting older), and I am not happy about it. Don’t let these 21st Century Fuller Brush Salesfolk get fat on duping our seniors.

Micro Blogging on Finance

Crisis? What Crisis? The Markets went berserk for a while this week, but they are fine now? Maybe? Preet has some advice for you.

Olympics of Finance

Yes, the Olympics have started, and now we can enjoy  watching sports we never really cared about except at the Olympics (e.g. Ice Dancing, Pursuit Downhill skiing, Al Michaels’ commentaries, etc.,).

Curling Primer

Given Curling is in the Olympics, for those of you not sure about the game, have a watch.

The New 2018 Random Thoughts

End of 2017 Random Thoughts

Feel Free to Comment

  1. You won’t see this advertised on Facebook because, “Your ad wasn’t approved because it doesn’t follow our Advertising Policies. We do not allow ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency. This policy is part of an ongoing effort to improve the integrity and security of our ads, and to make it harder for scammers to profit from a presence on Facebook.”

    Glad to see their AI reader just looks for the word Bitcoin (and possibly lucky socks) and kicks it out. Good on you Facebook! Keep making the interweb safe!

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