Like last Wednesday when I suggested that the DOW may dip for the sixth consecutive day. I was wrong, it ticked up. More recently, on Tuesday, I suggested that the TSX would not follow the US markets up as the price of oil was in the tank. I missed that one by a mile! Sure, the DOW went up as the futures indicated in the early morn...but the TSX kicked butt and soared 458 points. WOW!
Yesterday, there was a complete disconnect between the US and Canadian markets. The DOW fell off the cliff for a dive of 519 points giving back all of Tuesday's gain, and then some, while here at home the TSX hung on and gained 89 points following a commodity bounce.
Even with my terrible track record at predictions, the one that I've been bang on with is that I've continually said that this year will see tremendous volatility. In fact, I predict volatility for the remainder of the decade. Those who hang in there will go from wrist slashing depression to times when they actually believe that they and finance guy are the brightest stars in the sky.
A bit over a year ago I wrote A Little More About The Last (Next) Ten Years. Me, I'm very much in the camp that believe that the next ten years will look a lot like the last ten. We may never return to the heady days of the eighties or nineties when we thought the sun shown out of finance guy's butt.
Yesterday, there was a complete disconnect between the US and Canadian markets. The DOW fell off the cliff for a dive of 519 points giving back all of Tuesday's gain, and then some, while here at home the TSX hung on and gained 89 points following a commodity bounce.
Even with my terrible track record at predictions, the one that I've been bang on with is that I've continually said that this year will see tremendous volatility. In fact, I predict volatility for the remainder of the decade. Those who hang in there will go from wrist slashing depression to times when they actually believe that they and finance guy are the brightest stars in the sky.
A bit over a year ago I wrote A Little More About The Last (Next) Ten Years. Me, I'm very much in the camp that believe that the next ten years will look a lot like the last ten. We may never return to the heady days of the eighties or nineties when we thought the sun shown out of finance guy's butt.
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