City Puts $800 Million In Stock Market It Doesn’t Know: GRAY

Buy low, sell high.

On the stock market very few people do that. When stocks go low, people get scared and sell rather than buy. When stocks go high, people outside the market think that’s the time to go in because they’re missing all those gains.

So what does the City of Ottawa do with its $800-million of reserve funds?

It enters the stock market when the exchanges are at all-time highs. The market is skyrocketing faster than even during the .com boom. That can’t go on forever. We know how the .com boom ended. People were burning their IKEA furniture for warmth.