We are reverting back to our original thought that the drop in October, at least on the TSX, was a 5-wave affair. The steep and deep up and down movements subsequently were somewhat of putting but after all is said and done this is by far the most plausible interpretation. Only in the event of decisive developments to the contrary we will stick to this scenario. What it means in practice is that drops expected in the years to come could literally decimate the market. Therefore we reiterate our previous recommendation that you only buy stocks that go up! Or follow Mark Twain’s (?) words of wisdom. “There are two times in a man’s live that he should not buy stocks, when he has the money and when he hasn’t”. Today this would apply to both genders.