Good news for a change. Markets up. Toronto up 11% yesterday. But the wild ride is not over. I am available for phone calls as needed. Please stay well and let me know if you need anything from me. As of 745am we are looking at a positive open to the market. Asia was up. Most of Europe is currently ahead. Gold is giving back some of yesterday's gains.
I have now experienced severe market events several times over my lifetime including 1987, 2002, 2008, lots of smaller ones
Here is the latest update and some charts and graphs from various sources. Markets were positive for St Paddy's Day!
**Time to get back in?**
If you were to purchase the Exchange Traded Fund (ETF) I sell that buys the 6 Canadian banks you would be locking in an annual dividend yield of over 6%. That's an annual return of 6% every year before any actual capital growth in the banks stocks. Try getting that on a GIC. RBC recently reported 1st quarter profit of $1.5 Billion (
Once again you probably all know as much as I do and speculation is currently the name of the game. A few highlights after what has been another terrible week for the markets. Toronto was the lead player in a horrendous fall yesterday. Obviously affected by both the virus but also given we are an oil economy the Saudi's game of chicken with Russia has hurt us further. What is strange is this information was already out there so what caused yesterdays fall? There was no new vi
Well no shortage of discussion points this month. The Toronto market is down a little today but all US markets are up as of time of this writing. February, specifically the last 6 days were not nice however and represent the fastest 10% correction from peak in history! Only time will tell where we go from here. Some are calling for a bounce back, some are calling for a longer bear market. It's rather simple actually. Markets are driven by earnings. Earnings are driven by cons