01.10.2008 - In a bear market, there's no where to hide
From Financial Post: In a true bear market, nobody makes any money and seasoned investors know that there are no security blankets - global equities, commodities, real estate or emerging markets. Diversification often gets thrown out the window as not even money market funds and gold are immune. The good news, however, is that across-the-board asset deflation hits everybody and losses of 20% or more bring down the cost of every type of financial asset. "In the short term, in times like these I think there is nowhere to hide," said Martin Hubbes, chief investment officer at AGF Funds Inc. "But I think that corrects itself very quickly because it obviously creates opportunities for people who are willing to buy."..... Full Article: Source