Anybody Still Out There?
Oh my! What an interesting 2008 has turned out to be. Almost a year has passed since my last post and it is safe to say that panic roams the streets.
Everywhere we turn we see job losses, company bailouts and general pessimism.
However, we as contrarians must remember that the herds of sheep always get slaughtered.
People have extremely short memories. Let me give you a couple examples.
Where you one of the people buy or selling real estate in Western Canada about a year ago? Remember how fast the prices were moving up? Remember how nearly 50% of TLC's programming was about home renovations and focusing on showing incompetent beginners making tens of thousands of dollars by flipping homes? Instead of buying then, it was the perfect time to be selling!
We have heard this a million times but I must say it again. Do the opposite of what the masses are doing!
If everyone is extremely pessimistic, you should be optimistic. When everyone is selling, you should open your eyes to the tantalizing deals available out there.
I have been reading some articles recently and one of them was interviewing the legendary Dennis Gartman. He said the bottom of all this market will be when the large magazines have front page headlines stating "The End of The World".
Ironically while I was listening to CBC in the background today I thought I heard some mention of a recent University of Berkeley study that claims that we are in for a large population decrease on the planet similar to what happened to the dinosaurs.
So maybe we are at a bottom?
Although I, as everybody, has ideas what the future holds, I try not to make any predictions anymore. I am only trying to analyze mass psychology and react to what the markets are doing.
The Trend is Your Friend as They Say.
If you are curious as to why I haven't really been posting much it is because of a large time leech that has been taking up ALL my time. I have been heavily investing time and some capital into some business ventures with decent results.
However, I really miss blogging and doing financial research so at the height of all depression, I feel it is a good time to get back at it!
Make sure you have your email on our mailing list as I will be doing lots of exclusive research and splitting its dispersal through blog postings and email letters.
P.S. Check out this interesting weekly Venture chart. Have we reached the bottom or are we going back down? We'll have to wait and see! Stay posted to make sure you know what is going on!
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