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Strategies & Market Trends : Ride the Tiger with CD

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To: tyc:> who wrote (7289)	4/23/2004 11:25:31 PM
From: Cogito Ergo Sum	Read Replies (1) of 313359

hi tyke, but I would not bet on the short side except as part of a hedging strategy. Actually I'd like it for that mainly. I'm actually not on the end of the world camp even though I do think it will get rougher in NA. It's just rebalancing and redistribution of wealth more equitability around the world. Housing bubbles in the US may have repercussions up here but I'm in my second housing boom in Toronto and this one is tamer. The 80's one was very speculative whereas this one is generated more by cocooning and pent up demand. I don't expect a housing crash here unless the US goes into depression. I also don't think the DOW is going to 6K :o) but savings even up here are down and debt up.. and sure the Liberals have been running a surplus but at the expense of the provinces. Ontario is not in good shape, nor is Toronto. Ontario's deficit alone will likely cancel out any federal surplus not frittered away in electioneering... pardon the pun I'd just like more options ;o) I'd be less concerned if I had significant holdings outside of my RRSP but that dough has gone to reducing my mortgage (less than 2 years left) since I need a conservative part to my plan ... I'd also speculate that a good IT general US market drop is possible after the US election. I'd like to be able to play that type of trend I had two great runs in 2002 but gave back a hell of a lot of the first run. Options couldda saved me a bundle (of course going cash and being a great market timer would have too but experience tells me I'm not that lucky or smart :O) Also a job, a wife, two young active kids, a dog two cats doesn't leave much time for individual stock research and trading ;o) ... Kastel

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