Investment Advice on the Radio

More Greece is being added to the markets this morning making the slope even more slippery. Investors are concerned $147 billion isn't enough to get the job done in this Greece rescue saga. Markets are down sharpely so far, over 2% in the U.S. The U.S. dollar is stronger against almost all currencies. The Canadian dollar is trading below 98 cents and oil has dropped below $85 today. Not surprising bonds prices are rallying. The 10 year yield has fallen to 3.58%.
What could drive markets this week are jobs numbers which come out in Canada and the U.S. on Friday. We anticipate some improvement. In addition, nearly 2/3 of S&P 500 companies have reported so far and earnings are surpising to the upside by 16% on average. We are seeing a similar trend in Canada. This Friday we are hosting another event where we will discuss this and more on investing.