IMO ....When the Canadian Dollar starts to rise and Oil starts to rise ... it will be the beginning of the rally .... U.S. Dollar has to drop IMO and with it the rise in commodities again. Markets are starting to digest the impact of the rate cuts and those potentially coming at end of month. IMO markets should be good starting Monday ... markets will also have to digest the impact of all the measures other countries are taking ... What's different with this meltdown is that it is on a global scale and things have to be done on a global scale ... which IMO are happening as we speak. P.S. - those Canadian banks should drop the for 50 basis points and not only .25 ...
These are my opinions and are not intended to be in any way investment advice. Speak to a qualified professional if you intend to take risks in investing in this market. I'm not a professional. Just an average JOE ...