RE: Only cut 0.75% markets aren''''t happyStokRok...I do hold other stocks DML, CCO, BQI, WGI and BMO. That's (two) Uranium, (one) oil, (one) small gold - hopefully a producer soon)and BMO. I have sold 32 contracts on BMO a long time ago to hedge my early positions...and as I add to BMO here, I'll do the same with the balance of my position.
So I am not worried...
But thanks for the concern StoxRok...and I don't see the same level of meltdown going forward...yes, there will be... I am sure more bad news.... that the media will play up...BAD NEWS leads.
But I can tell you houses are still getting sold mortgages written...in Canada and in the US. My brother the real estate agent in the US... is getting run off his feet...and the buyers are with cash in hand- NO mortgages!
Will there be less mortgage business in the US for the next few years yes...but the loans they do make will be more solid and the US Banks and the market will be much better off...longer term.
And finally, I don't really mine holding... I made more off Options and Dividends this last year... then Stock selling. I made $26,000 on just one of my Call option plays in 2007.
I realize there are day traders, and shorters, and swing traders, etc. They all think they are right... and everyone else is wrong.
No one is necessarily wrong... we are all working the market a different way, that's it!
So maybe we can all stop the poster bashing and name calling for a while.
Cheers