Investment Advice on the Radio

Talk about changing by the day. Yesturday was one of the steepest selloffs we have seen in North American markets in some time. U.S. stocks are rallying today on news that Greece may receive more aid than initially expected. Hopefully this will Greece the wheel for stocks and end up being a sideshow to a string of very strong earnings reports that carries markets higher. Investors are awaiting the Fed's statement on rates today. In Canada markets are lower led by energy and financials. On the bond side short term rates in Canada are rising but are still only about 1% for a 1yr t-bill vs Australia where they are approching 4% and Greece where they are approching 14%. Our next event is Friday May 7th.