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Market. He does technicals in the beginning and at the last and then do other stuff in the middle. The headlines in the business world are tough to use to give explanations. There are several things that say we are in a corrective phase. You can go sideways, you can fall or a combination of both. He thinks we are in a correction from a technical perspective. He thinks it is mild. From the 5th of November to the 20th studies have shown that this is a pause period in the markets. The market has discounted phase one of the Chinese deal. 75% of companies in the S&P had earning surprises and that is pretty good. We have some pro-cyclical rotation. This should last into the new year. He thinks we are going up and higher.
PARTIAL BUY
REITs. Is there a bubble coming? There is currency, then there is that risk in the US. If the Canadian currency goes up 7% then that is your first hurtle. You need to look for more in the investment. The Canadian market would be a better way to play the real estate market. The XRE-T broke out in August. It then came down a little and is holding here. You could look at BAM.A-T or BPY.UN-T. He would take half a position now and then watch it.
