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Thursday, February 27, 2020

Another bad day for the TSX

A lot of damages had been done today over the TSX. Only to add a bit more to the existing stock market difficulties worldwide, the TSX experimented major technical difficulties at the end of its trading session. From what I understood, the TSX wasn't operational during its two last usual business hours. This is catastrophic. A stock market that doesn't remain open in the hardest times doesn't offer the best opportunities for all. The TSX needs to be, and that means that its an open market that goes with the flow, and need to remain open during regular trading hours. Today, there was an in deep need for selling assets over the TSX, but that need wasn't fully fulfilled. In reaction to that bad situation, the TSX could experience another bad day yesterday.

Today was quite busy for me at work and I only had time to check on the TSX one time, and when I did *DRAMA*, the TSX had lost 300 points. As expected, my overall value had gone now. My non-registered portfolio closed today session at $118,062.87, my TFSA portfolio at $85,732.45, and my RRSP portfolio, stocks only, at $48,413.32. Not exactly everything had been going wrong today. Strangely, my Cargojet Inc. (CJT) stocks registered a gain of 2.29%. 

Yesterday, I had bought some  Fortis Inc. (FTS) and CGI Group Inc. Class A Subordinate Voting Shares (GIB.A) stocks for my TFSA portfolio. I actually have cash to invest more. I never been good enough to have some savings. I am thinking about investing in maybe some RY stocks. Now is the time to catch good quality stocks at a cheaper pricer.

While facing a down market, the obsession if to find out if the lowest value had been reached or not. Personally, I think the TSX can go lower tomorrow, especially since any operations had been made impossible to be made at the end of the trading day.

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