BNS Bank Of Nova Scotia

$BNS $BNS.TSX The shittier the economy gets, the lower the probability of a Bank of Canada rate hike—and the harder bank stocks get pumped. Only in Pigland can a country’s economy get worse and its banks’ stocks go higher. The more mismanaged the country, the better the banks perform. What a fucking joke.

$BNS $BNS.TSX As usual, Canadian banks behave like a little corrupt-PM ass . Bond yields go up → the market value of existing bonds goes down. That’s basic mathematics. So I look at the banks’ balance sheets and ask: how much are those bond holdings actually worth now? But apparently, when it comes to Canadian banks, mathematics doesn’t matter. The market can simply decide that higher yields are bullish for banks and send the stocks higher. Canada has its own set of rules. The deeper the swamp, the more gold they seem to find floating in the air. There’s certainly no shortage of dumb Excel jugglers, competing with what may be the dumbest G7 Parliament. At this rate, they probably created another batch of fake Indigenous corporations just to find new ways to enrich their little asses.

$BNS $BNS.TSX Upcoming dividend of CA$1.14 per shar te The company is not cash flow positive. We will pay you what we don't have. Dilute, dilute dilute. Or borrow borrow. Shares and valuation up 🤣

$BNS 25 / 100 The Canadian banks are normally quite stable but I also suspect this will meet its final top around the 104 - 105 area~. Not much "meat" left on the bone. Weekly MACD looks ready to cross over - bearish consecutive lower lows followed by more ATHs will be a sure sign this rally is coming to an end.