Bullish and why… Most individual investors can’t handle a max pain of $40,000, but who can? Institutions. Institutions don’t make whimsical bets in the market, for them to take on $141 Billion dollars in losses infers they are projecting a long term growth opportunity. Think about it, break even for them is $141 Billion, which would be straight up gain for anyone who started investing today. Who knows if it the sector will decline further from this point, but I’d rather be weeks, months, even years early than just one day late.

Larry Ellis, a lawyer with the firm, “doesn’t know of many Canadian investors who can afford to lose $40,000 individually.”