Quote:
Originally Posted by Dean2
So the TSX is back to 18,000 and has fully recovered from the March sell off. Most stock groups, except Energy, have too. When do you guys think the next great buying opportunity is going to come around, how many are bailing out of the Fangs and locking in their profits from the last 18 months. What are you doing with the excess cash if you are still sitting on some?
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I'd still be buying good companies if all my money wasn't already invested. I'm watching Boeing as they're too big to fail. What's important to note is the rise in prices isn't because of improved earnings. It's 100% because of the excess money printed since March. Your just seeing inflation in the stock market first, because the velocity of money is way down. Once that velocity picks up, expect high inflation.
https://tradingeconomics.com/canada/money-supply-m2
https://fred.stlouisfed.org/series/M2V
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