Comments on: This and That: Market melt-up edition http://www.canadiancapitalist.com/this-and-that-market-melt-up-edition/ Helping you invest and prosper Sat, 20 Mar 2010 11:57:22 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jon D. http://www.canadiancapitalist.com/this-and-that-market-melt-up-edition/#comment-191086 Jon D. Mon, 11 May 2009 01:44:56 +0000 http://www.canadiancapitalist.com/?p=2279#comment-191086 Good piece on financial advisor myths in Canada on CBC: http://www.cbc.ca/sunday/2009/04/041209_3.html Good piece on financial advisor myths in Canada on CBC:
http://www.cbc.ca/sunday/2009/04/041209_3.html

]]> By: Phil S http://www.canadiancapitalist.com/this-and-that-market-melt-up-edition/#comment-191084 Phil S Mon, 11 May 2009 01:29:32 +0000 http://www.canadiancapitalist.com/?p=2279#comment-191084 @RR: LOL @ Derek Foster comment. The last post that CC had on the Derek Foster story was that he cashed out as the market was crashing. The odd thing is that stocks are rebounding while the economic data in the USA is still very grim. I know that statistically speaking, the stock market rebounds on average 6 months before the arrival of positive economic news... But wow, I'm not sure that we've seen the worst of it yet. I mean, Chrysler just shut down. GM may be about to go through the same thing. It doesn't matter what our opinion is on those companies, the reality is that those thousands of pink slips will yet register some sort of impact on our economy. @RR: LOL @ Derek Foster comment. The last post that CC had on the Derek Foster story was that he cashed out as the market was crashing.

The odd thing is that stocks are rebounding while the economic data in the USA is still very grim. I know that statistically speaking, the stock market rebounds on average 6 months before the arrival of positive economic news… But wow, I’m not sure that we’ve seen the worst of it yet. I mean, Chrysler just shut down. GM may be about to go through the same thing. It doesn’t matter what our opinion is on those companies, the reality is that those thousands of pink slips will yet register some sort of impact on our economy.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-market-melt-up-edition/#comment-191067 Canadian Capitalist Sun, 10 May 2009 21:45:58 +0000 http://www.canadiancapitalist.com/?p=2279#comment-191067 @RR: I agree. I don't recall as impressive a rally as this. The surest way to look pretty stupid in retrospect is to make forecasts about short-term stock market movements. I do think that Derek Foster is simply a retail investor who panicked and sold and it does look like a bad move today. In the future, who knows? @RR: I agree. I don’t recall as impressive a rally as this. The surest way to look pretty stupid in retrospect is to make forecasts about short-term stock market movements. I do think that Derek Foster is simply a retail investor who panicked and sold and it does look like a bad move today. In the future, who knows?

]]> By: RR http://www.canadiancapitalist.com/this-and-that-market-melt-up-edition/#comment-190948 RR Fri, 08 May 2009 23:22:34 +0000 http://www.canadiancapitalist.com/?p=2279#comment-190948 The rally has been quite amazing to watch over the last few weeks... anybody heard any news on Derek Foster lately? The rally has been quite amazing to watch over the last few weeks… anybody heard any news on Derek Foster lately?

]]> By: WhereDoesAllMyMoneyGo.com http://www.canadiancapitalist.com/this-and-that-market-melt-up-edition/#comment-190943 WhereDoesAllMyMoneyGo.com Fri, 08 May 2009 21:51:32 +0000 http://www.canadiancapitalist.com/?p=2279#comment-190943 Thanks for the link CC - have a great weekend! Thanks for the link CC – have a great weekend!

]]> By: Phil S http://www.canadiancapitalist.com/this-and-that-market-melt-up-edition/#comment-190939 Phil S Fri, 08 May 2009 19:48:32 +0000 http://www.canadiancapitalist.com/?p=2279#comment-190939 I would describe my outlook as "cautious optimism". While I have been buying into this market, I'm not buying "everything" such as index funds and their ilk. I'm being very selective to only buy stocks whose earnings have been unaffected (or going up) by the economic downturn, resulting in ridiculously low P/E ratios. I will admit that using my method, I didn't catch the "bottom" because I waited until I saw the 2009 Q1 reports before deciding upon the health of the company. Trying to pick stocks BEFORE the earnings data comes out is more like guessing than investing based upon quantified values. I would describe my outlook as “cautious optimism”. While I have been buying into this market, I’m not buying “everything” such as index funds and their ilk. I’m being very selective to only buy stocks whose earnings have been unaffected (or going up) by the economic downturn, resulting in ridiculously low P/E ratios.
I will admit that using my method, I didn’t catch the “bottom” because I waited until I saw the 2009 Q1 reports before deciding upon the health of the company. Trying to pick stocks BEFORE the earnings data comes out is more like guessing than investing based upon quantified values.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-market-melt-up-edition/#comment-190937 Canadian Capitalist Fri, 08 May 2009 14:40:34 +0000 http://www.canadiancapitalist.com/?p=2279#comment-190937 Thanks for the info Jon. Interesting, I haven't been following Canadian dividend increases... Thanks for the info Jon. Interesting, I haven’t been following Canadian dividend increases…

]]> By: Jon D. http://www.canadiancapitalist.com/this-and-that-market-melt-up-edition/#comment-190936 Jon D. Fri, 08 May 2009 14:24:47 +0000 http://www.canadiancapitalist.com/?p=2279#comment-190936 Fortis, TransAlta and Telus are some of the Canadian companies in the TSX60 who have raised their div'd in 2009. Also, yesterday Manulife announced they are removing all fees from their DRIP & SPP plans: http://www.newswire.ca/en/releases/archive/May2009/07/c9309.html Regarding CEO payouts, watch this nice Marxist interpretation by Richard Wolff: http://www.mediaed.org/cgi-bin/commerce.cgi?preadd=action&key=139&template=PDGCommTemplates/HTN/Item_Preview.html Fortis, TransAlta and Telus are some of the Canadian companies in the TSX60 who have raised their div’d in 2009.

Also, yesterday Manulife announced they are removing all fees from their DRIP & SPP plans:
http://www.newswire.ca/en/releases/archive/May2009/07/c9309.html

Regarding CEO payouts, watch this nice Marxist interpretation by Richard Wolff:
http://www.mediaed.org/cgi-bin/commerce.cgi?preadd=action&key=139&template=PDGCommTemplates/HTN/Item_Preview.html

]]> By: Million Dollar Journey http://www.canadiancapitalist.com/this-and-that-market-melt-up-edition/#comment-190931 Million Dollar Journey Fri, 08 May 2009 12:15:43 +0000 http://www.canadiancapitalist.com/?p=2279#comment-190931 Thanks for the link CC! Thanks for the link CC!

]]> By: mfd http://www.canadiancapitalist.com/this-and-that-market-melt-up-edition/#comment-190923 mfd Fri, 08 May 2009 09:24:18 +0000 http://www.canadiancapitalist.com/?p=2279#comment-190923 Thanks for the mention CC. Enjoy your weekend. Thanks for the mention CC. Enjoy your weekend.

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