No, not yet.  But it obviously was just as well to put my head in the sand and wait for the (financial) cannons to stop firing.  Things are looking better now.  My iShares Cdn. Energy ETF (XEG-T) is still struggling but I will give it a little more time.  The iShares Cdn Materials ETF (XMA-T) was lagging for awhile but is now on fire along with gold, silver etc.  The steadiest performer has been iShares Cdn. 60 ETF  (XIU-T) as the TSX has been solid as a rock.  Enerplus Resources (EFR.un-T) is also holding it’s own.  But the main attraction there is the 9.5% annual dividend which is paid on a monthly basis. A little cash flow never hurts.

Are we now out of the woods for the duration?  No, just for a little while.  Maybe a few months.  By then (end of June) I will be seriously taking what ever profits I have and generally reducing equity exposure in favour of cash or bear ETFs.  Bonds are NOT a cash equivalent, there are a separate type investment and I have never had any luck with them.

So for now I am breathing a little easier with a watchful eye on the clock.  I am also keeping close tracks of the bear ETFs I am following and intend to switch from bull to bear funds in order to profit from the decline in stock prices I expect later this summer.

That’s all for now

TL