I do not think we will see a huge correction (30%+). Canada and the US are puming money like no tomorrow and I see no way the market going back to March' levels, not till at least the end of Q2, start of Q3 2010.

My friend at GS says that theyare very confident that this is a real recovery. I am involved in the M&A activity and I have never seen so many oppotunities coming to us and as you know the deal market works hand in hand with the market.

I am not saying we will not see a correction, but I do not think we will see anything beyond 10-15%.

Remember history shows that the only two places that made people rich were the equity and real estate market. Moreover, banks are giving people 0.5% or less on deposits, so putting your money in the bank is actually reducing the value of it.

JMHO

MMN