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November 22, 2016 | Canadian Stocks Party Like It’s 2008!

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Unfortunately financial conditions are worse than 2008 today: the world has a lot more debt now than then at every level, the population is older, productivity is weaker, wages are flat, consumption is falling and corporate revenue and profits have been falling since at least 2014. All in all, capital risks have rarely been higher and investment prospects from these levels never worse. And now the index is back at secular resistance once more. But other than that… party on Garth.
TSX Nov 15 2016

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November 22nd, 2016

Posted In: Juggling Dynamite

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