Things look so screwed up now that nothing make sense anymore. Either the bond market or the stock market is wrong. Which one is it? I agree with those 6L's except that they will probably find another way to divert the free money into another bubble. The commodity bubble perhaps?
Please go study economics 101 because a devaluing currency is exactly that. Quant theory tells us that an increase of money supply decreases the value of money while increasing the price level. Oil is at new highs for a reason you know.
A falling dollar can be considered an inflation tax.
Because $&(@ happens that's why!
Really we can say today was red for x number of reasons. High oil prices, October jitters, options expire date, CP going bad. No doubt next week will stink up the joint bad.
Got cash? Got Bear?
1. I think CAD will continue to strengthen for numerous external reasons.
2. Many US stocks look over priced if you give them lower earnings multiples.
3. Canadian investors are already over exposed to the US by proxy given our close economic ties.
4. It might make sense for Canadian...