On Thursday, the S&P 500 was down 0.2% and Toronto was down 0.5%.
Most of our stocks were down today although none by a particularly notable amount.
I am pretty much biding my time and waiting to see if any of the below market bids I had placed to add to several of my holdings get hit. On TD Direct I can now put in an order that is good for 90 days (used to be a maximum of 30 days until a year or so ago). A below market limit order that is good for 90 days could facilitate buying on a sudden dip. If instead you wait for a dip and then buy you might miss the chance or you might be too fearful to buy on the dip. The pre-set limit order takes emotion out of the picture. Of course, it can also result in buying a stock on the way down that is headed down quite a bit more. That is the chance we take with limit orders.
I am looking at adding Andrew Peller to the list. It will be educational to learn how the Canadian winery and wine selling industry works. The good thing in that industry is that there is brand value. Consumers do not consider that all wines are created equal.
Statistics Canada reported the new house price index for November. There was not much change in the month. Alberta new home prices have declined only about 1% in the past year.