I have been keenly watching the markets for many years and the activities of late are a little frightening. This is only partly because some of my RRSP's are invested in TSX related funds. In years past, fluctuations did not bother me because I had time on my side. "Ride it out and in the long run, it will be alright." This just has not been true. It bothers me now because I am running out of time, but more so because it signals significant struggles in the economy, which means that all will suffer, not just those invested in mutual funds. Individuals and governments can only live on credit so long and something has to give. Those with no debt, a solid business or job, and some cash on hand, will be just fine, but I am afraid that describes only a small minority of people. The good times may be coming to a halt because the well is running dry.
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