When an index falls by 19 percent in ONE day, you take notice. Last week that happened to the Income Trust index in Canada.

I know Income Trusts well. They have truly been all the rage for years in Canada. By the end of last year when the first “prick” happened, lot’s of political grandstanding and maneuvering took place.

Turned out that was a giant “fair warning” for last week’s debacle.

Bill Cara is someone I trust on these detailed financial matters and the deciphering of the news surrounding these ridiculous and deeply elaborate ponzi schemes by greedy Corporate managements, Bankers and their brokers. Here is one great post with links. Here is his latest.

The Income Trusts deep rooting in the Canadian investment landscape could cause financial damage to small investors like no bubble seen before.

This one will go down in history before it’s all over and it is a long way from over. So much at stake to truly say how this ends, but I would not be speculating yet.