March 9, 2015

Today marks exactly six years since the market bottomed out after the financial crisis. We were buying stocks near the bottom and that certainly worked out well.

You can see what we were saying in March, 2009 by clicking this link and scrolling to the March 2009 comments.

On Monday, the S&P 500 rose by 0.4% while Toronto fell by 0.7%.

Canadian housing starts were down about 16% on an annualized basis compared to January. But the great majority of the decline was in multiple family housing. Single family housing starts were down only 4%.

This decline will no-doubt hurt Melcor’s lot sales. But it would seem that this prediction is already more than priced into the stock.

 

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