Thursday, August 20, 2009

Sorry folks nothing to say and I am heading off on Holiday

Enjoy the next week and lets see what late summer and fall bring for us bears. So far I feel like we have been caught in a bear trap and the jaws are getting tighter.

Do we bite the bullet cut the leg (and an arm) off and jump in or do we wait and hope sanity returns.


  1. I can't believe for one moment that holding onto my cash right now will prove to be a bad decision.

  2. Bear trap ? More like bull trap. The multi-year horror show is just getting started in Canada:

  3. Anon 1 - FWIW I am holding on to my cash too.

    Anon 2 - Sure feels like this bear is caught with his furry leg in a trap. I didn't mean it in the sense of a bull and bear trap in stocks, just that the rebound (in all assets) has gone on further and for longer than most of us would have thought.

    I too think that we will see new lows. But my opinions have very little effect on the market. The numbers will lead us to the truth.

  4. Don't give up guys! While waiting for sanity to return to our little town, don't forget to take a small part of that money you're saving by being a renter, and take yourself out for a little treat that recent homebuyers cannot afford, like a beer on a patio, or an ice cream.

    I'm a firm believer that one should reward oneself for being decent at math.