Featured Article

The Collapse of Pot Stocks: Refreshingly, Not COVID-19’s Fault

Posted by Wolf Richter, Wolf Street

on Wednesday, 11 March 2020 12:07

Hard to feel sorry for victims of these hilariously obvious pump-and-dump schemes, but they sure got their pockets cleaned out.

There are plenty of questions surrounding cannabis – including whether or not it should be legal, and how it should be regulated and taxed. But there is no question surrounding “cannabis stocks”: They’re phenomenal pump-and-dump operations. And now is the dump-phase.

These are companies with barely any sales, generating huge losses. They were hyped endlessly by vocal promoters and by Wall Street which got rich off the IPO fees. The media oohed and aahed over the meteoric rise of their stocks and their market capitalization which skyrocketed into the many…click for full article.

COVID-19 having minimal impact on real estate market – so far

Posted by Steve McLean, Real Estate News Exchange

on Wednesday, 11 March 2020 11:58

COVID-19 (novel coronavirus) hasn’t yet put a major dent in the Canadian commercial real estate or housing markets, but a great deal of uncertainty remains surrounding the potential impact of the global outbreak.

“We are already beginning to see the impact of the virus with international buyers,” Sotheby’s International Realty real estate agent Paul Maranger told RENX.

“Air Canada recently cancelled direct flights between Toronto and Hong Kong. With cancelled flights from Asia, and a possibility…Click here for full article.

Copper Mountain cuts targets amid market rout, virus fears

Posted by Cecilia Jamasmie, Mining.com

on Tuesday, 10 March 2020 14:15

Canada’s Copper Mountain Mining (TSX: CMMC) (ASX: C6C) became on Tuesday the latest company to adjust plans due to ongoing markets collapse and near-term copper price uncertainty as a result of the rapidly spreading coronavirus panic.

The Vancouver-based miner has revised its mine plan and schedule for its flagship asset, the Copper Mountain project in British Columbia, deferring a $22 million capital spend by…click for full article.

European Bank Stocks Collapse to March 2009 & 1988 Levels

Posted by Nick Corbishley, Wolf Street

on Tuesday, 10 March 2020 12:31

Just how much lower can they go? To Zero. And the ECB’s negative interest rates are driving them closer to it.

Over the past three weeks, stocks in Europe have plunged by 22.5%, their worst decline since the collapse of Lehman Brothers. The sell-off has been across the board but the worst of it has been reserved for the banking sector, whose shares have been relentlessly crushed and re-crushed for 13 years.

On Monday, the Stoxx 600 Banks index, which covers major European banks, plunged 13%. Today, after a knee-jerk bounce-back that then fizzled, the index closed essentially flat, back where it had been in March 2009. It has collapsed in a nearly straight line by…Click for full article.

Avoiding Financially Self-Destructive Impulses

Posted by Andrew Ruhland, Integrated Wealth Management

on Tuesday, 10 March 2020 7:50

Humans are hard-wired to run from danger, paradoxically making the emotion of Fear the biggest impediment to long-term investor success. Resisting Fear-based investment actions in the midst of panic is the key. Click the link below to read the March 9, 2020 “Views from the Crowsnest” newsletter from Integrated Wealth Management in Calgary.

March 2020 Edition of From the Crow’s Nest