Quote:
Originally Posted by Nancy
One more day like this and it's a certainty.
Dear lord, did the S&P 500 really lose almost 7% today?
And the TSE 9%!
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Well you had to see the TSE drop, especially over the next quarter. Thats not the least bit surprising in my eyes. Any economy that relies on the US economy usually lags a quarter to 6 months, so I'm sitting tight on the Canadian stocks though I keep getting seduced by good Canadian companies flaunting incredibly low prices. Same thing with Emerging market (mostly funds, some stocks) who I know will give the 100x's return, but should suffer for at least a quarter and possibly two.
US stocks though, when you start seeing the DOW and the NASDAQ where it is, and moreover the 10-20 stocks I keep my eye on, I have to think these are good buys - even though shattering (so to speak) the DOW and NASDAQ's resistance levels indicate a deep recession or depression. None the less, I'm still actually sitting >0 in my investment portfolio this year due to some pretty solid investments, e.g. overall ROI in the positive %, this year (somehow miraculously) so I'm a little more willing to take that gamble.