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Yes, markets are still overdue for a significant pullback

Gordon Pape is now a contributor to Globe Unlimited's Inside the Market. Click here to read more about our latest addition to columnists.

It’s been a while since I looked into the Q&A section of my inbox and, no surprise, there were a lot of queries waiting for me. So let’s get right to it.

The markets
Q – I would like you to look into a crystal ball. The IMF just said that the risks to the global economy are significant yet everybody's comment is positive about the TSX reaching new highs. I am just wondering if we are climbing again the proverbial "wall of worry" and getting a bit overexcited. It looks like there is a general feeling among investors, especially those that missed the boat in 2013, that you might miss the gains that accrued "to everybody else" if you do not plunge into investing now. This is a perfect scenario for a crash. Am I too cautious? – Claudia P.