October 13, 2008 Daily Morning Spot

I recently heard the perfect definition of a bear market. A Bear market is an extended period of time where people who think this time it's different, sell at prices we'll never see again, to people who know this time is no different!

As I watched CNBC the other day, the headline read "A Bear Like No Other." It would be easy to fall into the trap of thinking this bear market is different. We have learned about CDOs, Mortgage Backed Securities, illiquid fixed income products, toxic debt...all unique problems from the Grisly Bear Market of 2008. But, regardless of the cause, this is ultimately still a bear market Research shows that the average bear market results in a decline of roughly 30% whereas the average bull market generates a gain of 200%

I have ideas relevant to long term growth, capital preservation, and income, depending on your needs.

For a review your portfolio, or a complimentary copy of my CD, visit, www.beyondfunds.ca or call me, Jeff Wareham, at 519 660 3260.
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