November 10, 2017
Source: Winnipeg Free Press
By: Joe Schlesinger
Buy low and sell high. It’s the goal of every investor. Yet, all too often, many do the opposite. We get greedy when markets are soaring, buying stocks at often overvalued prices. And we tend to not want to buy when stocks are on sale — when markets are falling.
The state of stock markets today — in Canada, the U.S. and just about everywhere else — point to everyone wanting a piece of the action. The TSX Composite is hitting record highs, and so, too, have the NASDAQ, Dow Jones Industrial Average and S&P 500.
So are we headed toward a bear market? Of course we are.
The challenge is figuring out when. It could be tomorrow (very unlikely), or next year (still unlikely)… or a decade from now (also unlikely). But it is likely to happen in the next five years — the trouble being no one knows exactly when.
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