Smart words to live by and that quote has been rolling around my head the last 2 weeks. Return to Sep 2008 when many thought it could not become worse.
Then October the bottom was in, right?
No, it took till March 2009 and masses of agony before we created the bottom. That was a unpleasant event. Actually if we were to reach 1120 on the SP five hundred index we’re going to be halfway back to the 2007 high where all this started.
Gaining a viewpoint always helps me keep my feet grounded. What has happened in the equity markets and bond markets actually, aren’t fact they’re based primarily on belief. Wrong or right only time will tell. In the mean time take what the market gives, but have stops in place to guard against the drawback. Be alarmed when others are greedy.
Greediness is in play. The worldwide markets are assisting with positive reports towards commercial recovery. China, India, Brazil and Southeast Pacific Rim are all looking positive near term.
Canada is improving and Australia raised rates eluding to an improving business picture. All is well for the investment markets as we continue to climb higher. Yes, things are shaping up and the worldwide markets are doing better.




October 25th, 2009
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