When I began drafting this a few hours ago the title was "Flirting With 14,000". Since then the TSX blew past 14,000 and, right now at least, it sure looks like it's going to finish above that level.
The first time the TSX closed over 14,000 was May 16, 2007. The last time was July 4, 2008. In the interim it's been on a huge roller coaster ride. As high as 15,073 on June 18, 2008 and as low as 7,566 on March 9, 2009.
The first time the TSX closed over 14,000 was May 16, 2007. The last time was July 4, 2008. In the interim it's been on a huge roller coaster ride. As high as 15,073 on June 18, 2008 and as low as 7,566 on March 9, 2009.
Oil Disconnects
For years the spread between the price of Brent Crude oil which supplies much of Europe and West Texas Crude which supplies the US has been very tight. Usually they're within a dollar of each other, Recently Brent Crude has taken off. It's over $104 this morning. On the other hand, West Texas Crude, while up a tad today is still in the $85 range. Why the sudden disconnect? My guess. TransCanada's new 30 inch Keystone Line from Alberta to Oklahoma has the US swimming in the stuff. It's all about supply and demand.
What we need is a pipeline from Alberta to the West Coast so that we can send our stuff to CHINA! Interesting that CN is making noise about a "pipeline on rails" to do just that.
Canadian Banks
Heard a guy on BNN this morning saying that the Canadian Banks have outperformed the markets every year since 1967. Duh. Does that give anyone an idea for a fool proof strategy? Me, just in the past month I was feeling that I was overweighted in the banks which now make up two thirds of my trading account. I was going to make some changes...but, I think I'll leave well enough alone for a bit.
For years the spread between the price of Brent Crude oil which supplies much of Europe and West Texas Crude which supplies the US has been very tight. Usually they're within a dollar of each other, Recently Brent Crude has taken off. It's over $104 this morning. On the other hand, West Texas Crude, while up a tad today is still in the $85 range. Why the sudden disconnect? My guess. TransCanada's new 30 inch Keystone Line from Alberta to Oklahoma has the US swimming in the stuff. It's all about supply and demand.
What we need is a pipeline from Alberta to the West Coast so that we can send our stuff to CHINA! Interesting that CN is making noise about a "pipeline on rails" to do just that.
Canadian Banks
Heard a guy on BNN this morning saying that the Canadian Banks have outperformed the markets every year since 1967. Duh. Does that give anyone an idea for a fool proof strategy? Me, just in the past month I was feeling that I was overweighted in the banks which now make up two thirds of my trading account. I was going to make some changes...but, I think I'll leave well enough alone for a bit.
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