AFTER PARKING MOST OF MY NEST EGG IN VERY CONSERVATIVE INVESTMENT ACCOUNTS THERE WASN'T MUCH TO WRITE ABOUT. TPCI IS BACK WITH SOME THOUGHTS AND IDEAS, OTHER THAN INVESTMENT IDEAS, TO SHARE WITH CANADIAN BOOMERS, RETIREES AND SNOWBIRDS.


Nothing on this site should ever be considered to be advice, research or a suggestion or invitation to buy or sell any securities or any other product or service. Every investor should do their own research and consult their own finance guy. See full DISCLAIMER.


Thursday, December 23, 2010

'Twas the week before Christmas

Caught me by surprise...and no, not because I forgot to do my shopping, which was made easy this year.  Most of the adults in our life agreed to make donations to charity rather than exchange gift cards which seems to have become the norm over the past few years.  No, what surprised me this week was the TSX's huge spike up on Tuesday.  I was surprised again on Wednesday when it didn't sell off, which often happens after a decent gain.  Even today's tiny downward tick of 9.5 points was surprising given that tomorrow is the last day for year tax loss selling.  That being the case, I'd normally expect tomorrow to be flat or down...but, with oil over $91 I'm not so sure.  This week may have one more surprise in store for us.

At any rate, after tomorrow the TSX is closed until next Wednesday.  If oil holds at or near the present level for the next six days we may very well close out the year with an upward move.

For my part I'm standing pat.  I like most of my stuff.  I doubt that I've got any short term rockets but I think I'm well positioned for gains in the 10-15 % range for 2011.  With a bit of selective trading I hope to get this to the 15-20% range.

Merry Christmas and best wishes for a safe, healthy and prosperous New Year!

No comments: