Warren Buffet comes out and says its time to buy and the herd follows.I have been following a few analysts and they all claim that it is time to back up the truck. But this is what they all have been saying since August 17th, 2007. The troubles in Canada has just begun. Last week I travelled to Oregon Coast and talked to some interesting locals. Most felt we are not out of the woodworks yet. Then off to Kelowna to a controllers meet and wallah! "business is slowed down", "we are cutting back", "hiring freeze", "diffculty getting finance", "m&a on hold", "shifts cut back", "all temp labors gone", "5 trucks still parked for a while".- Hell I don't see these in the press. So folks wait for the wild round of shock and awe in Canada before going on stock shopping spree.
You see all the text book style market trading is passe. The Feds intervention in the market has made this trading business a bit tricky and treacherous. You don't know what you don't know.
For now I believe it is safe to stay on the sidelines and catch the next wave with buy high, sell higher strategy.
