Tuesday, February 27, 2007

Double Bubble Trouble

Market analysts had been talking for some time about a stock market correction. Bears and bulls were agreeing. Of course, bulls said the correction would be short lived, that we'd see DOW 14000 this year. Bears, well, a little more negative. I guess that we'll see in the coming days and weeks who's right about this correction.

The stock market is fun to watch. It's a faster moving game than real estate. It takes weeks and months to see asking prices drop on MLS. The stock market can be all over the map in the course of a day. If there is a coming correction in the real estate market in Victoria, it'll definitely take more patience.

So I'm faced with a dilemma. It appears that the stock market is high, the real estate market is high, gold is high, oil is pretty high. We're supposed to buy low and sell high. I'm so flush in cash, where am I supposed to put it???