Investment Advice on the Radio

Markets are extending there losses this morning. Despite good earnings in Canada and the US, macroeconomic issues in Europe are still weighing on markets. Investors are questioning whether this is a short term correction leading to a summer surge or the start of "Sell in May and go away" which would be a summer bummer. In the US the Dow is technically experiencing a correction. The Dow was down 300 points this morning to 10,134 which is more than a 10% drop from the high this year of 11, 200. The TSX is fairing a little better, down to about 11,500 this morning which is about 6% lower than the high in April of 12,200. The low for the TSX in 2010 was about 11,000 reached in January so we are still in midpoint. The VIX which is a volatility measure is over 40% today so it is rising from it's historical norm of about 20% in normal markets. If you have cash prepare your buying list, if not this is where high dividend yielding stocks can cushion the blow. Otherwise, do up your seat belt. For more on investing visit yourlifeyourplan.