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Posted by: canadianrancher57 6 months, 3 weeks ago

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canadianrancher576 months, 3 weeks ago

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I have always been bearish and maybe that has been a bad thing over the years since there have been some great opportunities in the past few decades but I have always questioned the reason for the rebounds in the economies affected by the slowdowns, it seems that most times the recovery is based on government intervention of some sort and this makes the fundamentals seem not an important factor. When I look at todays situation once again I have seen the governments of the world trying to solve this crisis by flooding economies with cash to put a footing under the economy but the basic fundamentals remain unchanged.
I may be way off on this, but part of this rally might be due to people trying to regain the money they have lost in the last 9 months or so. There are many financial advisors out there that are really pushing people to get in now or they will miss the most important part of the move, as for myself, I'm on the sidelines right now and have no intention of buying stocks until there is a change in the whole global picture.

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  simonsez6 months, 3 weeks ago
  
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  In 2001 -2001, I took a big hit on the internet bubble. I decided at that point that I would only invest in energy companies and utilities with the rational that in the event of financial Armageddon, we would still need gas and electricity the next day.
  
  In spite of the hit in the market, I am still on the positive side with some improvement here in the last few weeks. The larger energy companies provide good dividends that seem to be relatively secure.
  
  Four of my stocks are Canadian and have done pretty well. I will stay with them.
  
  I believe this is a very conservative approach and would recommend it to others ...
  
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