- the source for market opinions


October 20, 2020 | When The Party Ends

Aren’t you tired of Millennials? Whiskers, tats, bicycles, house lust, skinny pants. Yeah, me too. So let’s talk about old snort issues for a few minutes. Like how to get money out of your investments without being nuked by the virus or taxes. Joan, in BC, throws us this question. We have a financial advisor […]

October 19, 2020 | The End is Nigh (not)

The American stock market sits near a record high. In the middle of a recession. And a pandemic. Which grows worse. With a crazy uncle dude as president. How can this be? How can it last? Nary a week passes on this pathetic site without some wuss predicting collapse. Mayhem. Apocalypse. A market crash and […]

October 18, 2020 | Nothing is Normal

First, Trump. Then Chrystia. The world’s holding its virus-tinged breath awaiting November the 3rd and the outcome of the American election which has been as weird as expected. That crazy uncle is now being given a 12% chance of winning, while the boring old guy gets 87% odds (the latest from But, who knows? 2016 […]

October 16, 2020 | The Runts

Would you live in 455 square feet? Or pay six hundred thousand bucks to do so? Nah, didn’t think so. That’s less space than a decent garage. Thirteen hundred dollars for every 12 inches of it. Plus monthly fees, insurance premiums, utilities and property taxes. But thousands of these micro-condos have been built over the […]

October 15, 2020 | Virus Porn

Mr. Market wavered a little this week as the virus misbehaved. That silver-bullet vaccine has yet to surface. Europe’s going into lockdown again. You can’t eat inside a Toronto restaurant anymore. A majority of US states have rising infections. And the American president says after being exposed and sick he’s now immune, so whazza problem? […]

October 14, 2020 | Losing It

Here’s Tom, from Windsor. It’s interesting, that city. Two hundred thousand people living in the southernmost place in Canada corded to Detroit by the busiest border crossing in North America. The trouble is, the border’s largely closed – essential travel only. Thanks to Covid. The local economy is decidedly blue-collar. Cars rule. Chrysler is the […]

October 13, 2020 | Less Than Zero

The virus news sucks. Ontario started shutting down again late Friday. Real estate open houses are kaput. Quebec’s a mess. Cases continue to pile up in the States, Europe and Asia. Two pharmas just suspended vaccine trials. Trump’s claim for a cure by election day is just more of his hot air. Your odds of […]

October 12, 2020 | Outta Here

These last eight months have brought a housing revolution. Who ever imagined a virus would ignite a rush into sleepy London, pedestrian Halifax or boring Kelowna? But it’s real. Stunning, in fact. Sales in those places are up dramatically and prices have increased by at least a third. We’re not alone. The same pattern has […]

October 8, 2020 | The Last People Standing

From Rossland, BC to gritty Toronto to rural Ottawa, nothing – nothing – is normal. Blame Covid. And it ain’t over yet. Real estate values are being skewed as never before. As a result risk, and its flip side – opportunity, are elevated. The virus has infected the brains and loins of Canadians and we […]

October 7, 2020 | The Confidence Man

Lost in the Trump vs Science debacle this week was our own epic battle. On Tuesday night the Trudeau Libs, propped up by the Dippers, clung to power. As a result, (a) no election and (b) hang on to your wallets. This greenlights the first Chrystia Hoovering, expected to come as an economic statement in […]

October 4, 2020 | The Bestowal

In a few days it’ll be a Thanksgiving as never before. Seven months of pandemic. A shortfall of $350 billion in Ottawa. Mortgages at 1%. A real estate boom in a recession. Business failures everywhere. Grounded airplanes. Black Lives Matter and Proud Boys. Masks everywhere. The American president hospitalized. A second wave. And yet we […]

October 1, 2020 | Careful What You Wish For

An hour into the disgraceful Trump-Biden brawl Google searches for ‘moving to Canada’ peaked. Of course once scared Americans started looking at real estate prices in this great, frozen, pooched nation, it fizzled a bit. “My grandparents’ small house in southern Ontario was just resold for $775,000,” a Twitterite posted. “About 3 times what we […]

September 30, 2020 | The Choice

“So,” she said, “what did your little rabble think of the debate?” Dorothy rarely cares what happens on this pathetic site, for which I am uncommonly thankful. But sometimes she asks. I cannot lie to the woman, since she (like most long-term partners), has brain-piercing powers. Deception is futile. “They hated it,” I said. And […]

September 29, 2020 | The Protest

Note to readers: If you come here to leave a comment trying to influence the US election, ah, go away. I warned weeks ago that mindlessly partisan posts would be deleted. You know who you are. The social media world is polluted, corrupted, invaded, twisted and polarized enough without that swill slopping over our gunwales. […]

September 28, 2020 | Feeling Ill

Wow, whadda week. The Confidence Man In Ottawa the big confidence vote may be called. It’s now a nothingburger, since the Dippers won everything they demanded of the Libs. The CERB is back and being extended for as far as the eye can see – although it’s called different names (enhanced EI and CRB). Does […]

September 27, 2020 | Tell Me Why

Shortly, we’ll dissect Arnie. First, a few hungry little harbingers. One. More evidence WFH is not a thing. Not an enduring one, anyway. Next Monday a third of Citi’s 17,500 New York employees will be at their desks on Wall Street. Bank of America managers are back on October 21st. JP Morgan began a staggered […]

September 25, 2020 | Suck & Blow

One problem with running a free blog is that anyone can come in, use the washroom, make a mess, rifle through the fridge, write on the wall and leave, smirking. So far there have been 686,200 comments published here. A whack more were deleted – too combative, disgusting, shanky, horny or dodgy to post. Free […]

September 24, 2020 | They Did What?

Was the bond market surprised when Mr. Socks let it be known federal spending was just getting going? That the estimated $380-billion annual deficit was, well, merely a starting point? Nah. Rock-bottom yields hardly budged on Canada bonds after the Throne Speech. Mr. Market says the central bank will continue to gobble up debt, creating […]

September 23, 2020 | Bottomless

No Time for Austerity. You betcha. And that was the theme of today’s Throne Speech. What a surprise. The Trudeau government is gearing up for a national child care program, universal pharmacare, enough spending on green initiatives to create a million jobs (good luck with that), plus oodles more money for testing, vaccine development and […]

September 22, 2020 | Chill

Lately I’ve been stuck in Lunenburg, on the south shore of Nova Scotia because leaving here (even for my pad in the Big Smoke) means a 14-day quarantine upon return. It’s called the Atlantic Bubble. Anyway, here are three observations. First, the annual hurricane arrived today. Teddy. Nature is still in charge, apparently. It’s exhilarating. […]

September 21, 2020 | A time to Reap

Get the Tums. It’s autumn. Stock markets traditionally wobble in September. Then most of the seasonal lows have come in October. In fact, some of the most gut-wrenching moments in financial history have occurred that month. The good news, we always recover. We will this time, too. But the ride ahead will be a bumpy […]

September 20, 2020 | The Homewrecker

Three more sleeps until Justin Trudeau has his way with us. Wednesday’s Throne Speech comes as the virus flares again in Ontario, BC and Quebec, as anti-mask Wexiters rev their pickups through the streets of Calgary, as Trump prepares to pack the Supreme Court in case that election blows up, as the economy starts going […]

September 18, 2020 | Giving It Up

Hmmm. There’s something happening here. What it is, ain’t exactly clear. Covid has done a number on politicians’ heads. The first global pandemic in a century spawned states of emergency across the country, shuttered legislatures, hobbled the federal Parliament, caused a suspension of many civil liberties, hardened borders, afforded new powers to premiers and mayors […]

September 17, 2020 | Unloved

Among its victims, Covid has big-city condos on life support. This has cleaved the real estate market in two. Houses with dirt, in the suburbs or even the sticks, are objects of desire, FOMO and bulbous prices. Concrete boxes in the heart of urbanity are emptying, devaluing and shedding equity. Rentals are piling up. Leases […]

September 16, 2020 | Into the Smoke

Kicked off some major media web sites for being such a tool, he landed here. Over the next four or five years Smoking Man dropped thousands of comments on this blog. At least half of them were obscene, libelous, incendiary or unintelligible. Especially the drunken, overnight ones. SM became the most Deleted person in blog […]

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