Green Shoots, have heard this term daily, many times. have not watched CNBC this week, however they ussually mention it about 5-10 times and hour.
so is the economy in recovery, it no longer seems to be going off of a cliff. however the last retail numbers were down .4%.
the more important number is that unemployment. heard the term green shoots when the numbers were not as bad as feared. still unemployment in the US is climbing and may hit 10% before it stops...(have to see).
anyways unsure of the market direction, however the market is betting with these valuations that we start recovering and grow in late 2009 early 2010. time will tell, may be one hell of a bear trap.
have a large cash positon and have sold puts on stocks (that would not mind owing at much lower levels.)
gold and energy are working well, and so is ag stocks.
GM is going to zero, however Ford has done many things better than Chrysler and GM, not sure why it was over 6 and almost 7. now at 5.26, though it may rebound with the market....would not hold it....sales projections seem very rosy. so will avoid Ford, to much risk for me.
GM and Chrysler made news of cutting dealerships, what shocked me was how few new cars some of these dealers actually sold.
this move should have been done years ago along with trying to get costs down.
MUTUAL FUNDS F
was a study of mutual funds and compared them in different countries.
16 countries Canada mutual funds were average in perfpormance, however scored an F on fees.
the average MER for an equity fund is over 2%, (often around 2.50% or over).
if you buy into a fund that charges you 2.5-3%, well good luck, you may need it.
there are seg. account that almost charge 4%...again good luck....
thanks
selkirk
so is the economy in recovery, it no longer seems to be going off of a cliff. however the last retail numbers were down .4%.
the more important number is that unemployment. heard the term green shoots when the numbers were not as bad as feared. still unemployment in the US is climbing and may hit 10% before it stops...(have to see).
anyways unsure of the market direction, however the market is betting with these valuations that we start recovering and grow in late 2009 early 2010. time will tell, may be one hell of a bear trap.
have a large cash positon and have sold puts on stocks (that would not mind owing at much lower levels.)
gold and energy are working well, and so is ag stocks.
GM is going to zero, however Ford has done many things better than Chrysler and GM, not sure why it was over 6 and almost 7. now at 5.26, though it may rebound with the market....would not hold it....sales projections seem very rosy. so will avoid Ford, to much risk for me.
GM and Chrysler made news of cutting dealerships, what shocked me was how few new cars some of these dealers actually sold.
this move should have been done years ago along with trying to get costs down.
MUTUAL FUNDS F
was a study of mutual funds and compared them in different countries.
16 countries Canada mutual funds were average in perfpormance, however scored an F on fees.
the average MER for an equity fund is over 2%, (often around 2.50% or over).
if you buy into a fund that charges you 2.5-3%, well good luck, you may need it.
there are seg. account that almost charge 4%...again good luck....
thanks
selkirk