An ominous silence

Originally posted by uzless
watching the US for details.

In Canada our mortgage rates just went up today as a result of all this. Our stock market is also down about 20%. Retirees and retirment pension funds are having to re-assess. My pension fund is looking at having to increasing our dues in order maintain the current benefit levels since our fund has lost so much money. Once ...[text shortened]... ey/pension in the stock market and wont' be renewing their mortgage in the next little while.

Stocks always, always go back up. Don't sweat it too much. Unless you're horizon isn't more than a year, you probably won't have a problem. Bear markets last, on average, about 18 months. This thing peaked the summer before last.

Ima makes a prediction right here. Up big in 2009. The market has been pricing this stuff in for months and months. Provided there isn't any long term, severe 'credit crunch', it will be back before we realize it.

You're market, Americas and the rest of the western worlds will trend together, as they always do, so if the US or the Canadian or the UK markets start going up, the rest will very soon follow.

Originally posted by Bosse de Nage
No ranting today? No venom? What gives?

Actually, I was just ranting earlier about the Jehovas Witnesses that were here today. TWICE!!!

Originally posted by CliffLandin
I'm not paralyzed with shock. At the moment I have more work than I can handle and it doesn't appear to be slowing at all. Now, talk to me in 3 or 4 months and we will see what is going on.

Actually, I should be working now, but a little chess break never hurt anyone.

yeah!

cheese, cheese, glorious cheese ....

the stuff that loves to please, please, please ....

http://en.wikipedia.org/wiki/Government_cheese

Originally posted by Merk
[b]Stocks always, always go back up. Don't sweat it too much.

Not true. Stocks don't ALWAYS go up, rather, what you are referring to is that with a diversified portfolio on average you will come out better than most other types of investments in terms of past performances. Having said that, however, the only SURE thing is that every last stock will eventually become worthless and go to zero. It is then a question as to when and how. So put your blinders on my friend, only just don't put them on every one else. Now am I saying the stocks are "no good"? No, however, at some point every last stock will achieve this status.

I just think that past performance illustrates past growth within the overall market so the question is what is the projected growth? Have we seen the last of the "glory days"? I say after this whole mess that is a question that need to be asked and, unfortunately, is well beyond both of our scope of knowledge.

Originally posted by Merk
Actually, I was just ranting earlier about the Jehovas Witnesses that were here today. TWICE!!!

You know, you may want to listen to them for a change. After all, they say that the end is near and not to taint yourself by becoming involved in nasty political affairs. In fact, they don't even vote. I say that maybe they are on to something. 😛

Originally posted by whodey
Not true. Stocks don't ALWAYS go up, rather, what you are referring to is that with a diversified portfolio on average you will come out better than most other types of investments in terms of past performances. Having said that, however, the only SURE thing is that every last stock will eventually become worthless and go to zero. It is then a question as ...[text shortened]... n that need to be asked and, unfortunately, is well beyond both of our scope of knowledge.

[b]I just think that past performance illustrates past growth within the overall market so the question is what is the projected growth? Have we seen the last of the "glory days"? I say after this whole mess that is a question that need to be asked and, unfortunately, is well beyond both of our scope of knowledge.[/b}

Actually, no it's not.