Reitmans Ord Shs V.RET.A

RE:Wholesale and Retail trade jobs

[savyinvestor333]

Torontojay wrote:

Canada added only 100 jobs for the month of December. They lost 23,500 full time jobs and replaced them with 23,600 part time jobs. I am not surprised as Canada has been in a recession for at least the second half of the year. I would not be surprised to see some negative prints in the months ahead. 

Wholesale and retail trade which is highly sensitive to interest rates shed a total of 20,600 jobs. Productivity has declined for the last 6 quarters which is a horrendous outcome for Canada. No matter which way you wish to spin the narrative, it's not looking good. 

https://globalnews.ca/news/10205704/statistics-canada-jobs-report-dec-2023/amp/

It's great to be cautious but if you have been on the sidelines the last 3 months you would already  have lost out on a roughly 10 to 15% gain from the markets. How long have you been predicting we are heading or already in a recession? You must surely be 100% in cash by now. Just my personal situation but I am hitting new all time highs in most accounts. 5 year returns are well over 100% including the pandemic drop and I'm retired with only about 20% of my portoilio in higher risk stocks. Sitting on my hands and waiting for a lower buy in has never worked for me in the last 40 years. There have been many recessions in the past and the markets have never been higher. This alone tells me don't try to time the markets. I don't understand your strategy? When do you decide to get in?