I Amuse Myself

Not unexpected at all.

When there's blood in the streets, be a shark. When everyone is fearful, you should be greedy. But, don't buy the market; be selective. Plus, values could go down further, and will IMHO. So come in over time rather than committing fully now. Don't miss out on opportunities to buy good quality investments on the dip, but don't try to search out the bottom or the top. That's what the "average investor" does.

You can be approximately right or you can be precisely wrong. When the tide goes out all the boats go down, not just the bad ones. Smart investors buy near the bottom and sell near the top, not the other way around, like average investors.

Ask yourself, how does the media do on other issues - politics, entertainment, sports? Do you trust their judgement there? So, don't ever take investment advice from the media. As Garth Turner loved to point out, one doesn't meet many wealthy journalists.

OK enough investment cliches. Fact: Nobody has ever successfully timed investment markets long term.

Buy Canadian, the safe financial harbour in a sea of shipwrecks - the US, most of Europe. The world still wants our stuff but demand has slowed down, it will come back. Does anyone honestly think the Chinese will need less of our natural resources?

Yes, healthcare, Asia/China and tech will outpace blue chips - good luck finding the winners though. In 1900 there were over 400 car manufacturers in the US. What were the chances of picking Ford? Even great new ideas and technology produce way more losers than winners.

That's why I pick proven winners. That can change, so keep your head up.

Until people understand the fundamental concept of the economy -- that it's the voluntary trade of goods and services for mutual benefit based on individual value-judgments, and that this process cannot be improved but can often be destroyed by government intervention -- overall prospects will continue to decline.

The soft markets are reacting to their confidence in the Zero regime's ability to deal with an Ebola crisis - in the same manner they have handled every other problem their no-dick regime has faced - with epic failure. Problem with Ebola is it has the potential to totally shut down what little productivity Washington has not strangled and crash the economy.

Plague and collapsed economy - the end product of Obumbles anti-security border policies - one he surely should do jail time for when Ebola and illegal immigrant- borne epidemics rage.

The next month will be interesting to watch zero stave off his certain impeachment when the house changes back to GOP control.

-And then we have zombies who prefer to whistle as they pass the grave yard like there is no consequence of criminally negligent government.

Remember folks, these cycles are years long, not months or weeks, and the only thing this correction tells me is this expansion that started a few years back is alive and well and healthier than ever. My 2 cintavos. .

It is instructive to remember that the FDR regime caused the great depression, not the 1929 Wall Street crash.
Also that new 1929 era built office buildings in New York with the biggest American corporations as new 20/25
year lease signed original tenants were going bankrupt as late as the mid 1950s because there were nicer, brand
new buildings elsewhere still with lower rents. Just like the last housing bubble, except these properties were
still underwater one quarter of a century later and impossible to refinance.