I've been up to my arse in alligators, hence the lack of pies.
I stole the image below from Garth Turner's blog posting Pop Heard Around The World. (don't think that he didn't lift it from somewhere) Politically, he's...well anyway, he is telling it like it is vis-a-vis the economy, and some of the comments are good too. It's kind of like wading through comments at Rob Chipman's , but there is stuff worth reading.
Look at that down slope. Pretty steep. And the timeline - aren't we "two years behind the US"?
This is it. The Wile E. Coyote moment has passed. How about that 600 point drop on the TSX today? And the 900 points off last week? That is some 12% down in seven days. My stock list is a sea of red - except for the ones that have Halts on them :[
Oil down below $90. the CAD below .97. Quebecor up shite creek in a lead colander.
Some are talking about TSX below 12,000, try below 10,000. The rout is global. Look for 8700. Then buy. Rinse. Repeat.
Oh, and house prices? How low can she go?
I know that we are immune to everything, elsewhere, but I am in Vancouver, and I'm watching my stocks go down. And I thought that I was different. It's so great to be living down a rabbit hole in The Land of Oz.
Here is some light reading at the Gloom and MarketCrash
And just to round things off -