Investment Advice on the Radio

Last night I attended a presentation sponsored by UBCO and the CFA society featuring David Dodge. The key take away was that Canada is a great place to be, given the structural challenges governments around the world will have to address in the future. I left with an optomistic perspective on our future. Then I woke up this morning and reality set in! Markets are heading lower again this morning. Investors are worried that Greece's debt crisis will spread to other Eurozone countries. Alot of unrest in Athens with protestors burning a bank and demonstrators taking to the streets. Airports are closed and public services are on strike. We may see an increase in volatility in the markets as event risk due to sovereign debt crisis unfolds. The result of this is a strengthing U.S. dollar and a drop in commodities. Oil dropped below $82 this morning. Despite good earnings in Canada today the TSX is taking it on the chin a little more than markets in the U.S.. This may be the theme over the next few days until the Greece crisis in under control. Our next event is this Friday at 9am where we will discuss trading strategies in light of current events. Visit yourlifeyourplan.ca