Not much to say. Still bullish, but slightly less frenetic action in the market. We will have to wait for all assets to correct to see significant softening, since they all seem connected at present..gold, $CAD, stocks, RE, oil and commodities.
BTW here is the bubble graph I have posted before and Larry Yatter's graph of Vancouver average prices. As you can see it looks like make or break time!
Oversold enough for a bottom?
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*Mid-week market update: *I wrote on the weekend that conditions were
setting up for a panic bottom (see Here comes the sentiment flush), but one
final flu...
1 day ago
They look like a photocopy of each other. Beautiful. You should make and sell T-Shirts of it.
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