|
I just have to ask... anyone out there getting a bad feeling about this?
Obviously, my tendency on Canadian fundamentals is to be rather bearish... the current per-capita debt load has not unwound, and the real economic fundamentals are abysmal.
The real US economy is being repaired top-down (high finance on down...), and not bottom-up: home prices continue to drop and employment is down also, with meager government intervention as the only backstop. The US consumer certainly seems to be caput which bodes poorly for Canada.
Equities appear to be on the path to correction, and the test is to see how far down relative to March they will go...
Aside from the bulls' renewed gains on the USD/CAD, the overall ride is getting shaky.
Again, anyone have a bad feeling about this?
|
