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.


Tuesday, January 11, 2011

Looking for direction

Five trading days into the new year and the TSX has dipped each day. Commodities which had been sold off appear to have stabilized but have failed to reach back to year end levels. I'm surprised at oil. With the fire at Canadian Natural Resources (CNQ) and the leak which closed the Alaska pipeline I expected oil to bounce right back but it's not happening.

Alcoa (AA) kicked off the US earnings season with a beat after the markets closed last night. Many analysts are expecting upbeat earnings reports for the current quarter. Positive earnings may provide some direction for markets which otherwise are down to flat on weak economic news.

Later this week Intel (INTC) and JP Morgan (JPM) report. Here at home we'll be hearing from media and cable companies Corus (CJR.B), Astral (ACM.A), Shaw (SJR.B) and Cogeco Cable (CCA).
Posted by Stuart Gauld at 5:59 AM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)