RE:RE:RE:RE:RE:RE:Will the fedspeak spook the markets again?Canada WILL follow suit... we are joined at the hip to the US. Housing is going to take a beating... a long, long correction is in the works. Many specuvestors who thought housing can never go down are going to feel the pain of negative equity very soon, some already are in it.
StratCap wrote:
mouserman wrote: Yes , and I am in no rush to deploy the cash i have back into these stocks. General market selloff again today in a big way... and I had said a while back, that once the US and Canada start to aggressively raise interest rates, it will cause a significant correction in the markets. Not a coincidence that it is happening in MAY.
Sell in May and go away, may hold true again this year.
Fed going to raise rates again in June, July and maybe August... .50% each time. The market is correcting because of this.
Canada will likely follow suit to some degree.