Quote:
Originally Posted by elkhunter11
I am still sitting on a fair bit of cash, I have been waiting a while for a correction, and this may be it.
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Me too, not sure why the markets are so high maybe just investors backing off on rrsp and playing the market instead but I think if there's a 5 percent drop in a short period you should see a real sell off as people panic to protect their gains. I can't buy shares riding 52 week highs. I wish I woulda bought on the covid dip but it seemed like the end of the world was coming so it was hard time to invest without knowing how low things could go. Dean has the right idea gotta lose a couple thousand more points at least before its time to jump in for me anyways. Inflation is insane right now and people will start to cut their spending when they realize how much more the cost of living has increased. Just my opinion.