The last 10 days or so have been quite volatile on the markets with wild drops, sudden spurts up and indecision and confusion on whether this is a “correction”, a “collapse” or a “great time to buy”. To quote a well-known media maven I’m an Indexer I don’t Care What the Index Did Today, although I did buy in the middle of all of this, because I had money to put in my son’s RDSP (but that is very long-term savings, so again, who cares). There is agreement that China’s economic cogitations seems to have been a catalyst for all this market tom-foolery, but we will only know for sure in a few months when we look back on things.
Is this a good time to buy into the market? Will oil stocks rebound? How will a minority government affect our economy? To quote Kent Brockman, ” Professor, without knowing precisely what the danger is, would you say it’s time for our viewers to crack each other’s heads open and feast on the goo inside”. Do you have any Gorgonzola (see video at bottom for explanation)? This and many other questions I can answer simply, “I have no bloody idea!”.
Seems like my Twitter feed might make it to 2500 actual followers (I haven’t paid for any followers, nor have I used skullduggery to inflate those numbers either).
Back to school is here again, with schools opening next week, and in some corners schools have already opened. I can tell it is back to school time, as there is Haloween candy in the stores as well.
My Writings for Week Ending August 28th
The summer is slowly coming to a close and an entertaining fall lies ahead (with plenty of election shenanigans and tom-foolery) :
- More inflation numbers that seem to be ignored on the campaign front, with Gas Dampening the CPI for July. Oil at $40 a barrel is a doubled edged sword that is cutting the Canadian economy to pieces.
- I went back to my archives for a follow-up on my problems with loyalty cards getting hacked with Auto Loading Your Loyalty Card is a Bad Idea, and it really is a very bad idea.
- A real oldie but goody for me is to remember that In Banking All is Negotiable, and I will be going in to spread happiness at my local TD branch following my own advice.
Tweet of the week
I did a Tweets of the week already
Personal Finance Tweets of the Week (End of Summer) 🐣 http://t.co/Dr6J2BTHAP
— Big Cajun Man (aw) (@bigcajunman) August 23, 2015