Swing Trading Toronto Stock Exchange Listed Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Swing Trading Toronto Stock Exchange Listed Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Eva who wrote (2636)	11/30/2001 3:40:35 PM
From: Canuck Dave	Read Replies (1) of 2773

Can I throw in my two cents worth on why I'm bearish? Ok, I no longer believe the stock market is a leading indicator of economic potential. With the explosion of individual investing, I think it has become a lagging indicator. One only has to look at the US unemployment figures and say "Recession. What recession?" 5.4% is a number associated with prosperity, not recession. The market won't fall until those investors start to be washed out. Another example. Looking back to 1982, the PE of the S&P 500 was under 10 (!) and the recovery well under way, yet the markets languished. Very few saw the Tech revolution coming. Speaking of Tech, does anyone seriously believe we'll get another Telcom buildout or surge in PC demand to match that of the last 10 years? Yet, tech stocks are still the most active on the markets, and CTV Newsnet displays the biggest TSE stocks, then a special listing of the high tech issues. Investors are behind the curve. Period. Stock market lagging indicator. CD

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next