PeakOiler

Canadian Banks Benefit From Market Turmoil

Take this to the 'bank' : the banks have more turmoil coming, as do most other stocks. When folks open their statements for October (worst month in history for some indexes), they gonna say: "Get me out!" And sell they will, only to regret it a few months later. The other big negative for the next 6 weeks or so is tax loss selling. Selling pressure is going to be heavy. Ain't gonna be any reason to buy until December 15th, the day I'm predicting will be the start of a 50% rally.

Don't be a sucker here, postpone your buying until mid December, after which we will have the mother of all rallies because -------- all the selling will be done at that time and markets will have nowhere to go but up, in the absence of selling. Please, please wait.