At least that's what some believe. If that's the case we're in for yet another year of crazy volatility with lower growth than we've enjoyed for the past couple of years.
The TSX closed 2010 at 13,443 and peaked on January 18 at 13,559 but not before falling off to 13,245 on the 10th. After the 18th it fell off again but managed a recovery to 13,551 by month end. Increase for the month 108 points or .08% Yup, a full month on the roller coaster for a final gain of less than 1%.
I've said before on these pages that we Canadians seem to greet each month with new found enthusiasm and optimism. It happened once again yesterday when the TSX jumped 161 points or 1.18%. Gotta love it. I'm writing this at 5:00 AM 'Peg time and things are looking good for this, day two of month two. Asia and Europe are both up along with US futures and oil.
Watch List
Still keeping an eye on Potash Corporation (POT). Just how sick do you think the guys at BHP Billiton (BHP:NY) are? Their failed takeover attempt at $130 is sure looking lame now. POT keeps churning out record numbers and the shares have rocketed to $181.20 as of yesterday. Remarkable!
Real Happy...
With my recent purchases of Cisco (CSCO:NQ) and Suncor (SU). Cisco is up 9.8% since my purchase on December 7 and Suncor is up 10.6% since I bought it on January 20. Sometimes things just work out.
The TSX closed 2010 at 13,443 and peaked on January 18 at 13,559 but not before falling off to 13,245 on the 10th. After the 18th it fell off again but managed a recovery to 13,551 by month end. Increase for the month 108 points or .08% Yup, a full month on the roller coaster for a final gain of less than 1%.
I've said before on these pages that we Canadians seem to greet each month with new found enthusiasm and optimism. It happened once again yesterday when the TSX jumped 161 points or 1.18%. Gotta love it. I'm writing this at 5:00 AM 'Peg time and things are looking good for this, day two of month two. Asia and Europe are both up along with US futures and oil.
Watch List
Still keeping an eye on Potash Corporation (POT). Just how sick do you think the guys at BHP Billiton (BHP:NY) are? Their failed takeover attempt at $130 is sure looking lame now. POT keeps churning out record numbers and the shares have rocketed to $181.20 as of yesterday. Remarkable!
Real Happy...
With my recent purchases of Cisco (CSCO:NQ) and Suncor (SU). Cisco is up 9.8% since my purchase on December 7 and Suncor is up 10.6% since I bought it on January 20. Sometimes things just work out.
No comments:
Post a Comment