You look at recent headlines and you may think that there is no end to our economic gloom. Greece, Spain, rising interest rates, minority government, big deficits and falling - no crashing or about to crash - stock markets, collapsing oil prices, etc. Wow life is terrible!
Yet the stock market is near a 52 week high, barely 700 points below the 12400 high of the TSX. Yeah a market crash must be unavoidable. Then we`re learning about record quarterly earnings of the banks, and Toronto and Vancouver real estate prices at top-heavylevels. The deficit is noticable less than expected and B.T.W. the Canadian economy grew a measley 6% in the last quarter.
Surely the world is coming to an end... or let the good times continue. Guess what, I like these `walls of worry` and the continuing hand-wringing of famous bears whose names I seem not be able to remember and of whom we never heard until the last crash. These are the times to buy stocks and real estate. These buying opportunities won`t last, whether it is investing in dividend, positive cashflow or good value in Alberta.
Yet the stock market is near a 52 week high, barely 700 points below the 12400 high of the TSX. Yeah a market crash must be unavoidable. Then we`re learning about record quarterly earnings of the banks, and Toronto and Vancouver real estate prices at top-heavylevels. The deficit is noticable less than expected and B.T.W. the Canadian economy grew a measley 6% in the last quarter.
Surely the world is coming to an end... or let the good times continue. Guess what, I like these `walls of worry` and the continuing hand-wringing of famous bears whose names I seem not be able to remember and of whom we never heard until the last crash. These are the times to buy stocks and real estate. These buying opportunities won`t last, whether it is investing in dividend, positive cashflow or good value in Alberta.