RE: RE: RE: RE: RE: Why I am worried about 2012...I have to agree with some of the doom and gloom sentiment. I am in Waterloo (home of RIM) and the general business mood isn't the greatest around here. Certainly a number of my small business retail sector clients are being hit quite hard by the weak economy. About 1/2 of my clients are based in the Ottawa area and, as usual, they are not even feeling the pain -- lots of cushy government jobs and money available there.
Even here in Waterloo region, the region is pretty diversified and even with the layoffs at RIM, the insurance companies and other high tech firms are still doing very well. Lots of new houses being built and still a good supply of jobs. Maybe there will be more carnage in the new year but we're always being told that more carnage is around the corner. Worst case, I guess I'll finally start shorting some stocks -- however, I never had to in the last recesssion and shorting isn't something I particularly want to get into. I think that instead, I'll get the grey matter working even harder and feret out the good upside opportunities. On the markets, 2011 has been a very good year for me though I've shifted my investing style from primarily day trading to "deep value" purchases and very disciplined selling on gains. YLO has been a little less disciplined on the sell side and is kind of an experiment for me -- verdict is still out on how it will all turn out. It certainly took a while to find bottom with YLO and it's definitely one of the more complex stocks I'm into right now. I think a big part of this is the fact that it is so largely retail held -- one of my normal purchase criteria is to buy things with big institutional positions. This one feels a bit like the wild west but I think it's so heavily oversold that even the day traders will ride it up some more quite aside from where fundamentals take it. We shall see.