Quote:
Originally Posted by snootchiebootchies
The TSX has been up something like 20% over the past 4 months. I'm thinking of waiting for the summer doldrums to hit before deploying more cash unless a mini-correction hits earlier.
So was that correction in the second half of last year the extent of the long-anticipated bear market? Anyone think there is more to come?
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I'm not a trader or a pro at this by any stretch (as my track record shows here
), but I personally believe this can't go for much longer. With interest rates low, things should continue to hum along at a relatively stable pace, but I can't see extreme growth in any particular industry. Jobs numbers will probably be mediocre going forward, as with foreign trade. Interest rates probably won't raise. So solid companies paying dividends are a good safety blanket assuming growth and capital appreciation probably isn't there. I have a lot of income trusts and they've depreciated badly and will probably get worse when interest rates increase a year from now. I'll probably hold them for close to a year, and if they appreciate I'm out. Bank stocks, who the hell knows, but I suspect down. Teck industry in the next year is probably on the verge in the of some very big things after some meh years (with AR, VR, etc). I also personally think US stocks will continue to perform well.