The 40 minute presentation I gave at the Toronto Moneyshow on October 21 is now available on line. You can log in to watch and download the slides here by using the username danielle@venablepark.com and the password: moneyshow.
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“If you feel like you didn't invest enough in March '09 – wait for it, you're going to get another shot.” I hope so!
From Jeremy Grantham's letter last week:
In the last six months I’ve guessed on separate occasions that levels of 1400 or 1500 on the S&P 500 are reachable a year from now; this still seems a 50/50 bet. There is also the definite possibility that we could slide back into a double dip, so we may get lucky and have a chance to buy cheaper stocks. But probably not yet. And, of course, if we get up to 1400 or 1500 on the S&P, we once again face the consequences of a badly overpriced market and overextended risk taking with six of my predicted seven lean years still ahead. And this time the government’s piggy-bank is empty. It is not a pleasant prospect.