Chris Lau

It's Hard to Be a Bear: Resist the Urge to Buy These Scarred Stocks

My thoughts exactly, right to the very negative point of sentiment. As I have blogged, the market is itching for something to happen, but a lot of it is wait and see. The housing market has to play itself out. The rebate cheque bandaid after-effects remain to be seen. Oil prices still threaten to go up (is China/India growing or slowing? We don't know for certain!)

Getting Out of Today's Bear Market

Your argument might be further supported with the fact that the Cdn $ has not strengthened in correlation to higher oil prices. This would suggest that the market does not expect resources (canadian market) to move much higher in the long run.