Any thoughts on how long market can continue to climb with $70 oil?
--anyone have any comments of speculative defence stocks--or too late now?
--anyone have any comments of speculative defence stocks--or too late now?
Market in general
- Thread starter DOGS THAT BARK
- Start date
like the markets. DTB...what a difference a few weeks can make..lol.
maybe it will change in two weeks, however Japan will only raise once and same for Europe.
the US is done, and the main concern is if the economy can grow at a slow pace next year....believe it can...
as for $70 oil it is in the market, and do not believe oil will go to $100 in a sharp spike and stay there (if it did). also natural gas will probably drift lower now that the summer heat is over, and no hurricane have hit the gulf. Natural gas will drift lower Sept. and Oct.
looking at buying US stocks and some emerging markets. most of the stock I follow would rate holds, however do not see sharp corrections as there mulitples are already low.
not sure about defense stocks as do not follow the group, however CAE (list on Toronto only stock loss money on MR. GIC portfolio) now doing well looks to go higher, they sell simulators. when flying a jet or tank good to have some training.
also more pilots will need to be trained as commercial pilots are needed....15% upside this year. own a small position.
oil/gas sector: would sell next two months, long term buy. reducing some position. penn west is up about 10% counting div. since mentioned last few months....would rate it a hold currently.
banks: buy. most of my cdn. banks have not moved. not cheap but not expensive. actually heard an analyst claim BNS had to much money. that is a huge problem, with any company.
keeps me up at night...a company with to much money, to raise divs, and buy back stocks,...terrible. have written puts on CM, TD, RY. own TD, CM, BNS,
base metals......sell sell, sell, sell, this is a great industry and may go higher but Falconbridge is being taken over by Xsrtata. Inco by CRVD, maybe someone else and Teck which has dropped out of Inco bidding is up over 15% in two weeks.
time to take money off the table and wait.
end of novel...lol.
markets go higher, 15% year end......(prediction to hit no terrorist attacks, major).
yes techs may finally wake up.....
thanks
selkirk
maybe it will change in two weeks, however Japan will only raise once and same for Europe.
the US is done, and the main concern is if the economy can grow at a slow pace next year....believe it can...
as for $70 oil it is in the market, and do not believe oil will go to $100 in a sharp spike and stay there (if it did). also natural gas will probably drift lower now that the summer heat is over, and no hurricane have hit the gulf. Natural gas will drift lower Sept. and Oct.
looking at buying US stocks and some emerging markets. most of the stock I follow would rate holds, however do not see sharp corrections as there mulitples are already low.
not sure about defense stocks as do not follow the group, however CAE (list on Toronto only stock loss money on MR. GIC portfolio) now doing well looks to go higher, they sell simulators. when flying a jet or tank good to have some training.
also more pilots will need to be trained as commercial pilots are needed....15% upside this year. own a small position.
oil/gas sector: would sell next two months, long term buy. reducing some position. penn west is up about 10% counting div. since mentioned last few months....would rate it a hold currently.
banks: buy. most of my cdn. banks have not moved. not cheap but not expensive. actually heard an analyst claim BNS had to much money. that is a huge problem, with any company.
keeps me up at night...a company with to much money, to raise divs, and buy back stocks,...terrible. have written puts on CM, TD, RY. own TD, CM, BNS,
base metals......sell sell, sell, sell, this is a great industry and may go higher but Falconbridge is being taken over by Xsrtata. Inco by CRVD, maybe someone else and Teck which has dropped out of Inco bidding is up over 15% in two weeks.
time to take money off the table and wait.
end of novel...lol.
markets go higher, 15% year end......(prediction to hit no terrorist attacks, major).
yes techs may finally wake up.....
thanks
selkirk
Many thanks as usual Kirk.
Was considering selling some U.S. stocks while going was good but think stop loss prob better way.
on techs--only have a few I tried to catch at bottom on dot.com bust.
Just got back to even on Oracle--but got long way to go on cisco--bought at around 55- ouch!
Was considering selling some U.S. stocks while going was good but think stop loss prob better way.
on techs--only have a few I tried to catch at bottom on dot.com bust.
Just got back to even on Oracle--but got long way to go on cisco--bought at around 55- ouch!
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