Canadians sitting on $45-billion in cash: report

Misc CDN | 9 hits | 2008-05-07 09:38:31 | Posted by: mtbr

Looking back further to the October 1987 stock market correction that lasted two months, investors sat on their cash for 16 months, during which time the stock market rose more than 20%.

Comments

by lily
Tue May 06, 2008 2:04 pm
I just checked under my chair... no cash there.

Damn.
by Wada
Wed May 07, 2008 10:33 am
Puts and Calls are the only way to go, especially when the market is volatile.
by BartSimpson
Wed May 07, 2008 10:35 am
Good for Canada. Now use the money to pay off debt or save the money as a hedge against the downturn in the global economy instead of just letting the politicians spend it on BS.
by lily
Wed May 07, 2008 10:36 am
So while the rush to cash is understandable given the elevated volatility and instability the markets have demonstrated since last summer, CIBC said that in all recent instances, those who wait to long to deploy their cash miss out.

Given all the other headlines (Bear Stearns, etc) is it any wonder people are a little hesitant to hand over their cash?

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mtbr Wed May 07, 2008 9:22 am

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