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Guest Post: The World’s Worst Market Timer
Via Kevin Muir of “The Macro Tourist” fame
Today’s post is about the recent Canadian govern
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I thought for sure there was going to be a big picture of me when i clicked on this post. Pleasantly surprised. Though my S&P500 shorts still hurt…
the US housing mkt crashed so spectacularly due to the leverage indivduals used in buying multiple properties whose cash flow couldnt cover carrying costs. IF Canadians do truly put down 20% or more in general, then a rush to the exit can be avoided and a slow long unwind might the course. The rapidity of any decline will depend upon how many people need or choose to sell.
“Like your pal that has terrible market timing but you are afraid to tell him because it might ruin your best contrarian signal”
LOL! I have one of those…