RE: RE:current market trend(s)Adding to all of the uncertainty, especially relating to the end of QE2 and the lack of a clear and definitive U.S. Obama-made-at-home policy to get their economy moving by creating jobs and encouraging innovation, plus the supply-line interruptions caused by the Japanese tsunami/earthquake; the market is always looking for an excuse to sell, IN SPITE OF sound corporate fundamentals i.e. good to very good earnings reports, especially here in Canada. So, we are, nevertheless, going through another round of market correction brought on by panic and fear.
AND, Canada is the beneficiary of this U.S made-at-home slow-down. We are getting side-swiped just as we did and have been all through this financial crash. Innvest produced respectable numbers this Q1 but the market is selling-off not caring about fundamentals (again). AND if the U.S. House doesn't agree on how to tackle the deficit there, then we could be looking at the first official default by this super-power. Obama has failed the American people by his lack of imagination, creativity and eagerness to create make-shift jobs all through America. The recovery must come through the people itself and not necessarily through easy money per se which up to now, has done almost nothing to stimulate the U.S. economy. With no viable candidate now to oppose Obama from the Republican camp, we are facing unprecedented dire consequences if we cannot get these Democratic bumblers out of the picture. Let us hope that Bernanke is correct when he says that he expects the U.S. economy to start picking up and recovering in the second half of this year as we pass through this 'soft patch" which is not unusual and common to past recessions.