tag:blogger.com,1999:blog-7142388689060027269.post6005921543934344267..comments2015-09-22T05:06:06.600-04:00Comments on Make More. Keep More. Give More.: BearishnessIan Brennanhttp://www.blogger.com/profile/01907950576701716029noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7142388689060027269.post-76723580489415166852012-08-27T16:32:32.598-04:002012-08-27T16:32:32.598-04:00Hey Joe.
Sorry to miss your comment up until now....Hey Joe.<br /><br />Sorry to miss your comment up until now. I guess I have been more involved in home decorating than anything else, lately. On a forward Price Earnings basis I would have to say the market does not seem to be greatly overvalued. I can find larger Energy, Financial, and Materials companies on the TSX which have a reasonable upside to next years consensus earnings estimates. Many, though, have lousy looking charts. Also, the macro economic view is not good, currently, and seasonality would indicate a correction is due in the shorter term. All that taken into consideration, it makes me wonder if next year’s earnings estimates are too high. All together, I believe we will get better buying opportunities for stocks, than right now.<br /><br />Thanks for the question. Ian Brennanhttps://www.blogger.com/profile/01907950576701716029noreply@blogger.comtag:blogger.com,1999:blog-7142388689060027269.post-80484459274267810262012-08-18T17:04:13.409-04:002012-08-18T17:04:13.409-04:00I generally eschew technical analysis and pay atte...I generally eschew technical analysis and pay attention to fundamentals.<br /><br />On that point, do you think that the TSX is currently overvalued? I was recently looking for decently priced dividend stocks (for my article on Thursday) and found nothing worthwhile, whereas 6 months ago I could find plenty.<br /><br />Re: "cash is king" -- absolutely. I am heavily un-invested. The Canadian housing bubble is unraveling. It's going to lead to de-leveraging, a drop in consumer spending, unemployment spike, etc. I'm keeping cash because, as somebody in my 20s, I suspect there will be some good deals in RE. Not sure if this de-leveraging will hit stocks as hard, but I'm not following Garth Turner's advice by piling up on bank stocks and preferred shares.Joehttp://www.timelessfinance.comnoreply@blogger.com