Everything You Need To KnowThe economy is what drives the markets. You can argue that fact all you want, but you will lose every time that you do because no stock is immune to the economy. I am a Canadian that studied economics at Harvard. I also graduated with a PHD. Free advice from someone who knows the game is always the best thing you can receive. Believe it or not, and it's up to you, the Dow will will drop in the coming quarters into the low 7000's. This means our Canadian stocks will take a major beating on the markets as 70% of Canadian stocks are owned by Americans.
Even though Canada fairs by far better than any other country in this global credit crisis, we are not immune to the consequences of the coming few years. I am not going to preach to you that you hold off investing for awhile as that is your choice, but if you google The Ruben James Report and tune in every week for updates, you can have a much better edge over the US that in all likelihood will declare bankruptcy in the coming 18 months.
Good luck to all Canucks and screw the Americans for getting the world into this mess.....