Macro Bear Market! We still have not cleared the last cycles excesses. Housing, Autos, Corporate bonds, Government bonds, all need capitulation still. This is why capital is currently hard to come by. Loan loss provisioning is rising which means the banks know what is coming. Just keep an eye out for the consolidation as the strong resource plays pick up(through) the distressed assets. https://schrts.co/fGxWArrV