well, not much has changed for me in the last month. still have a larger cash position than normal, did by a few resource stocks, the run was brief and have been stopped out on most of the positions.
here are the negatives and positives, have no idea on which way the market will go in on any given week.
positives
the credit market for companies is still good, ie. HR reit in Canada offered 5 years bonds paying 4.8% unsecured, sold out instantly.
enbridge offered preferred that also sold well, companies can still borrow cheaply so not like 2008
- also economic news for the US in the past few weeks though not great has shown slow growth in the economy.
negataves
- as long as the Italy and Spanish bonds are close to 7% that is trouble and a huge warning sign.
the bigger concern going ahead is what will happen to french bonds, on of the two strong players (thought to be) along with Germany in the bail out.
France should not have a triple AAA credit rating, they are doing everything correctly even bringing in a better budget with more cost controls..., however they will be more exposed (French ) banks than they are to Greece.
as this time no ones knows their true exposure to Italy, except that it probably is more than what they have invested in Greece.
also as Italy slows probably not growing this will effect the French economy far more (since they are large trading partner ) than Greece.
Spain is also a concern they have to get the bond yields below 7%.
will be getting a shopping list of stocks, if the market drops, though will take my time, (lousy at picking market bottoms).
most of my November options expired and worked out well, did buy some tck.b (tck) (put to me) but will sell covered calls, and some higher price uncovered calls against the positon.
thanks
selkirk
here are the negatives and positives, have no idea on which way the market will go in on any given week.
positives
the credit market for companies is still good, ie. HR reit in Canada offered 5 years bonds paying 4.8% unsecured, sold out instantly.
enbridge offered preferred that also sold well, companies can still borrow cheaply so not like 2008
- also economic news for the US in the past few weeks though not great has shown slow growth in the economy.
negataves
- as long as the Italy and Spanish bonds are close to 7% that is trouble and a huge warning sign.
the bigger concern going ahead is what will happen to french bonds, on of the two strong players (thought to be) along with Germany in the bail out.
France should not have a triple AAA credit rating, they are doing everything correctly even bringing in a better budget with more cost controls..., however they will be more exposed (French ) banks than they are to Greece.
as this time no ones knows their true exposure to Italy, except that it probably is more than what they have invested in Greece.
also as Italy slows probably not growing this will effect the French economy far more (since they are large trading partner ) than Greece.
Spain is also a concern they have to get the bond yields below 7%.
will be getting a shopping list of stocks, if the market drops, though will take my time, (lousy at picking market bottoms).
most of my November options expired and worked out well, did buy some tck.b (tck) (put to me) but will sell covered calls, and some higher price uncovered calls against the positon.
thanks
selkirk
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