K96.3 FM - Radio Rallies & Reversals for Monday, April 19, 2010

Global equity markets finished off last week on a sour note, and that selloff continued today with European and Asian markets closing in the red. The big story of course was the SEC's lawsuit against Goldman Sachs, which could pave the way for more lawsuits by other stakeholders and against other financial institutions.

In North America, U. S. markets opened in the red, but have worked their way back into positive territory. The TSX composite index is still trading in negative territory, but well off its opening low. With the 'sell in May, go away' signpost fast approaching, it will be interesting to see if this rally will come to an end, or will cash continue to jump in from the sideline and push equity markets higher. Many investors missed out on the rally and continue to use dips as buying opportunities.

Anyway, tune into our blog at yourlifeyourplan.ca where we continue to discuss rising interest rates, commodities, mergers and acquisitions, and asset allocation. That's it for this morning. Dave Allard will be back on tomorrow.

GB