Investment Advice on the Radio

Well David, it's just another day in the Red Sea. Needless to say markets are lower and I am not sure if President Obama's speach in New York will float anybody's boat given that the topic is stronger regulation on Wall Street. The other sinking ship today is Greece. They just announced the budget deficit is worse than expected. On the flip side one of the headlines in my CFA notes today "Hedge funds decide it's game on for profit from Greek bailout". I guess where there is pain there is opportunity. Yields on Greek debt are edging past 8%.
Stepping back to Canada, our composite leading indicator rose by 1% in March which is the 10th consecutive monthly increase. 8 out of 10 components of this index grew.
Todays income trust focus is on Business Trusts. 9 of the 19 entities covered by Scotia in this sub group are expected to convert to corporations and lower distributions by an average of 27%. For more on investing visit our blog @ yourlifeyourplan.ca