Yeah…real classy the way he took a shit on Cleveland….
Just saying….Modell couldn’t carry Rooney’s jock imho….
:)

Even if the money sitting on the sidelines is greater it has to want to be put in the market for a high risk/low return play.

But I think we are just in for low volume on the market , the Fed has made it where liquidity is great and money is cheap so nobody has to sell. Then you get the standard 401k contributors with their automated buying as a natural upward pressure. We’re living in a true goldilocks world right now, reality is suspended but everyone is acting like it is not and going about their business.

I guess the open question is.. will reality ever return?

you didn’t ask me!

I have been doing some consulting in DC plans. And let me tell you that I find it amazing that the older the plan members, the more equity they have. Many are at 70-100% in equity at 5 years from retirement!

Our TSX is up year-to-date: 27%
S&P500 ytd in local currecny: 15.6%
S&P 500 in CAD: 2.2%

It’s amazing how much we’ve gained in purchasing power vs. the US. And it’s not just Canada.

It seems possible that our own course might be similar

————
When I was managing my financial fund in the early ’00s, every second week we’d take a look at Japan in our weekly investment meeting, to see if it was the time to jump back in. Meanwhile, my talk of the credit bubble would only be met with blank stares and the subject would go back to Japan! LOL.

It will take a LONG time for people to get it if Japan is any indication.

quote: “Ever feel like we are being herded? Sort of like sheep. (or is it sheeple?) Look you stoopid (sic) sheep, stop eating in those safe areas. We have wolves to feed (Wall Street) and the kind and gentle “all knowing” shepherd (Uncle Ben, or Uncle Alan) wants you to graze in that area over there… yeah, by the cliff. Where wolves can corner you much more easily. Err, I mean where the grass is greener. So get your darn money out of a savings accounts or CDs and bring them over here…. yes, here is a pamphlet to make you feel better about it… yes it says right here …. “8% long term returns in the stock market”. Can’t lose. As long as you have a 150 year time frame. What’s that? Performance in the past decade? Umm, let’s not talk about that… have I told you about this great grass we have over here by the cliff? Very tasty.”

quote: “Ever feel like we are being herded? Sort of like sheep. (or is it sheeple?) Look you stoopid (sic) sheep, stop eating in those safe areas. We have wolves to feed (Wall Street) and the kind and gentle “all knowing” shepherd (Uncle Ben, or Uncle Alan) wants you to graze in that area over there… yeah, by the cliff. Where wolves can corner you much more easily. Err, I mean where the grass is greener. So get your darn money out of a savings accounts or CDs and bring them over here…. yes, here is a pamphlet to make you feel better about it… yes it says right here …. “8% long term returns in the stock market”. Can’t lose. As long as you have a 150 year time frame. What’s that? Performance in the past decade? Umm, let’s not talk about that… have I told you about this great grass we have over here by the cliff? Very tasty.”