See Larry's Post.
Ok lets not get too excited, we have seen this movie before and it didn't end well. We saw a big drop in mid-2011 only to see it rise like a phoenix to new heights and I am not even talking about 2009 when tweedle-dee and tweedle-dumb rigged the system so that we were denied our correction.
Fingers crossed.
Lets see what the official number say and how the GVREB spins it.
How far can the post-election rally run?
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*Mid-week market update:* The latest BoA Global Manager Survey shows that
institutions have stampeded into U.S. equities in the wake of Trump's
victory. ...
8 hours ago
average detached down 8% compared with last year
ReplyDeleteApril 12 – $1,106,683
April 11 – $1,204,587
The volatility is a good sign for bears.
ReplyDeleteLooks like a classic double top to me - not unlike the TSX in 2008.
The same realtor-hoarder in our neighborhood is at it again, telling anyone who would listen that the house prices won't crash any time soon. She did exactly the same during 2008/2009 mini-crash.
ReplyDeleteWhen we cross $1 Million on the downside then we will be in business.
ReplyDeleteThankss for posting this
ReplyDelete