specks

CIBC Deal Suggests Lack of Confindence

I would add one comment re residential real estate. While our market will perhaps not be as severe there is no doubt that our mortgaging was not squeaky clean. We had lots of mortgages with nothing down and even "cash back." This cannot be good plus people falling over each other in a rush to get in while the getting was good. Now, with the USA being in recession, our biggest customer, I expect job losses and a recession of our own. If commodities continue to tank, as they are, then this exacerbates the problem. We are a resource nation!
We are behind the USA typically a year or so. Keep that in mind. Long term of course,Canada is a good country.

Canadian Financials Missing from the Short-Selling Ban List

Short selling is as necessary as the ability to speculate in any market. Just because the odds are stacked against them, does not mean the gamblers cannot be allowed to spend their hard-earned taxed-dollars on lottery tickets, even though it ismore tax.
And I'm sure you'll agree with me, that I cannot stop YOU from buying a lottery ticket if YOU want to, can I?