Thursday, May 6, 2010

Investment Advice on the Radio

I was reviewing my CFA news brief this morning and came across a theme that is emerging as a result of the sovereign debt crisis. Investors are fleeing from bond issues of Western Europe and other developed countries in favour of emerging market bonds. The move is an effort to bolster returns and a bet on the strength of emerging markets.
Turning to the stock market, interestingly the Canadian and Australian markets were up this morning but markets worldwide are lower. Gold may be the answer. Gold rose nearly 1% toward $1185 U.S. and hit a record high in Euros, Sterling and Swiss Francs. Oil is trading lower again today, below $80. I'm in Calgary today so I will talk to the people and find out what is happening with oil. Tomorrow we are hosting our next live rallies and reversals event and there are still a few seats left so Visit yourlifeyourplan.ca.

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