By Astrology Traders

The TSX has been very neutral since the end of January, perhaps signaling consolidation for a breakout or the eerie calm could turn into a sudden storm that no one was expecting or prepared for.  While everyone is distracted with Cyprus and Europe, Canada could have it’s own mysterious banking scandal.  Uranus is square Canada’s Sun which could bring a shock to the nations financial security near April 22nd.  With Neptune Square Canada’s natal Mars beginning March 30th there is a risk for unusual financial flows out of the country.  May 10th-11th could bring an explosion or natural disaster.

 

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The following is  a new trade recommendation from this weekend’s premium update by Astrology Traders which uses astrology to forecast events in the financial markets. Jeff Pierce adds in the technical picture for the stocks and sectors in focus. 

Astrology Traders provides specific dates and in-depth analysis of future events for the financial markets through weekly updates, trade alerts, and educational webinars. We now provide a free 2 week trial and you are not charged until after the 2 weeks are up so you can sample risk-FREE.

 

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2 Responses to “Financial Astrology: Canadian Banks at Risk?”

  1. Steve Says:

    Thought this is worth sharing. Apparently the pathological politicians already have a plan in place when/if one of the big six Canadian banks fails. The official 2013 Canadian budget contains an explicit provision that Canada will pursue the bail-in model for systemically important banks for future bank failures!

    Titled ECONOMIC ACTION PLAN 2013

    From Plan 2013 Page 144: (pg 154 of pdf)

    “The Government also recognizes the need to manage the risks associated with systemically important banks—those banks whose distress or failure could cause a disruption to the financial system and, in turn, negative impacts on the economy. This requires strong prudential oversight and a robust set of options for resolving these institutions without the use of taxpayer funds, in the unlikely event that one becomes non-viable.”

    From Plan 2013 Page 145: (pg 155 of pdf)

    The Government proposes to implement a bail-in regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital.

    This will reduce risks for taxpayers. The Government will consult stakeholders on how best to implement a bail-in regime in Canada. Implementation timelines will allow for a smooth transition for affected institutions, investors and other market participants…

    This risk management framework will limit the unfair advantage that could be gained by Canada’s systemically important banks through the mistaken belief by investors and other market participants that these institutions are “too big to fail”.

    http://www.budget.gc.ca/2013/doc/plan/budget2013-eng.pdf

  2. Karen Starich Says:

    Thank you Steve. This information is now becoming public, which in the long run may change the outcome.

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