Who the heck knows where this crazy, volatile market is heading? Is this the May to go away? I dunno.
What I do know is that the TSX has become a real laggard. It's up .69% to the end of April. In the US, the DOW 30 is up 6.58% and the broader S&P 500 is up a whopping 9.46%. This might be the year to have a little faith in the good ol' US of A. Might be. Me, I'm not so sure. Corporate earning seem to be ticking along, but is this sustainable? With deficit and debt levels at all time highs? Some believe that individual states may eventually default. I suppose the ultimate pessimist may even believe that the whole US may some day soon crash and burn. Me, I doubt that but still am happy to keep my investments here in Canada.
By the by, my stuff is up 3.92% YTD. Not a bunch, but 3.92% for four months annulizes to 11.76%. I'd be happy with that. I'll report back at year end and let you know how that worked out.
What I do know is that the TSX has become a real laggard. It's up .69% to the end of April. In the US, the DOW 30 is up 6.58% and the broader S&P 500 is up a whopping 9.46%. This might be the year to have a little faith in the good ol' US of A. Might be. Me, I'm not so sure. Corporate earning seem to be ticking along, but is this sustainable? With deficit and debt levels at all time highs? Some believe that individual states may eventually default. I suppose the ultimate pessimist may even believe that the whole US may some day soon crash and burn. Me, I doubt that but still am happy to keep my investments here in Canada.
By the by, my stuff is up 3.92% YTD. Not a bunch, but 3.92% for four months annulizes to 11.76%. I'd be happy with that. I'll report back at year end and let you know how that worked out.
As Always, Good Luck & Happy Investing!
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