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no-cover
November 07, 2011
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What we Know and Think we Know about Manufacturing

Richard Croft

Allow me to begin with some background about what we know and think we know. Which is really another way of asking what is being priced into the market? It would seem from recent stats out of the US and Canada that a double dip recession is unlikely. Replaced by a prolonged period of slow growth which the US Fed estimates to...

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9 years ago
no-cover
October 31, 2011
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The Conundrum: Strategy Selection!

Richard Croft

Back in our September 26th blog (Copper Oversold?) we discussed the outlook for copper. Our view at the time was that copper was oversold and that negative sentiment had taken mining stocks down. At the time, I suggested buying a couple of the junior down and out copper stocks (Copper Mountain Mining Corp. (TSX: Copper...

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9 years ago
no-cover
October 24, 2011
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Trading Discretionary Stocks

Richard Croft

For the past five years, the S&P/TSX Capped Consumer Discretionary Index has ended December higher month over month from November. It’s a basic seasonality pattern that sees companies in the sector grow in sales and profitability during the peak Christmas spending season. Companies in this sector include an eclectic mix...

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9 years ago
no-cover
October 18, 2011
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Stocks… Oversold and Ready to Rally?

Richard Croft

How quickly sentiment can change. Global markets have rallied despite little concrete evidence of a solution to macro uncertainties facing the global economy. Which is to say; Europe? The optimism reflects a view that a broad solution will soon be implemented. And to that end, we have European leaders and large European banks...

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9 years ago
no-cover
October 12, 2011
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Burning Some Oil

Richard Croft

Canada’s S&P/TSX Capped Energy Index slumped 38% from its March high to last week’s low, as the price of Nymex crude oil for future delivery collapsed from US$114 per barrel in late April to US$76 per barrel this past week. The principal reason cited, and there are many points of view as to what is actually driving the...

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9 years ago
no-cover
October 03, 2011
Other

Berlin Blues

Richard Croft

After weeks of speculation, parliamentarians in Berlin last week voted to increase German taxpayers’ exposure to worthless Greek sovereign debt by approving a near-doubling of the lending capacity of the eurozone bailout fund. Stock markets around the world rallied early in the week in giddy anticipation of the vote, while...

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9 years ago
no-cover
September 26, 2011
Other

Copper Oversold?

Richard Croft

Caught in last week’s bout of risk-aversion was the entire commodity complex. Copper and oil, two of the most economically sensitive materials, sold off dramatically as traders reacted to growing fears of declining overseas growth. A slowdown in China was of particular concern as was the market’s disappointment that the US...

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9 years ago
no-cover
September 19, 2011
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A Bet on Dividends

Richard Croft

An old saw in the investment industry is that bull markets climb a wall of worry. If I may be allowed a variant on that theme, global stock markets are about to embark on the Fall of worry. What with third quarter earnings season around the corner, the continuing countdown to a Greek default, the funding of Euro banks and the...

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9 years ago


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