Investment Advice on the Radio

Markets are up this morning, with uncertain markets, the question is whether the Bank of Canada will raise rates on June 1st. Inflation numbers were higher than expected for April which is keeping alive the potential for rate hikes on June 1st, albeit the chances are 50/50. Talking to my buddy Grady in the US its a different story. At this stage, expectations for rate hikes are not until late 2011 or 2012 in the US.
Turning to the markets, the TSX started off the week at 12,000 and is now down to just over 11,400. From the high in April the TSX is down roughly 6%. The Dow is off about 11% from it's high in April. Both markets are heading into the weekend in the green so far. For the record this is a correction which is par for the course. In order for it to be called a bear we would need another 10% to come off the markets. That being said with the VIX at over 40%, volitility has risen and we may experience a bumpy ride. So my advice to investors is start your engines to take advantage of the opportunity but do up your seatbelt. For saferide in investing visit yourlifeyourplan.ca.