RE:RE:RE:RE:Too Early to BuyJust a quick heads up. The Earnings and dividens are NOT secure. 15% of Canada's population is over the age of 65. WHO declared a global pandemic today. Even if the authorities can slow the spread of the contagion in this country make no mistake, nobody in that age group is safe. We're looking at over a million deaths in Canada over the next year or two. Vaccines won't be in mass production till fall 2020 at the earliest. Kiss Gamma and Gampie goodbye folks, cause this is going to cost our economy multiples of tens of billions of dollars over the next two years and the banks are going to be holding the bag when it happens. Bonds are gonna go negative. Sell em off and sit on a pile of cash
PE ratios on the banks are going to drop to ridiculously low levels over the next year.
You'd be an idiot to buy in today at yestreday's valuations.